Stocks fell Tuesday on mixed economic reports and concern about a government shutdown. Stocks edged lower in early trading, before reversing the losses to move modestly higher by late morning. The gains then fizzled out.
Stocks rose on Wall Street Tuesday with the Dow Jones industrial average closing at another record high. Materials and energy stocks led the gains following a surge in prices for commodities like copper.
Stocks rose Tuesday after reports on auto sales and factory orders provided the latest evidence that the US economy is strengthening. Health insurer stocks rose after the government released revised reimbursement rates for Medicare Advantage plans.
The Dow Jones industrial average closed above 14,000 Friday for the first time since October 2007. The Dow Jones industrial average is a stock market index that is traditionally considered a benchmark for how the entire stock market is faring.
Up 140 points in the morning, Dow closes only 46 points higher. S&P and Nasdaq finish slightly lower. Stocks fell after Fed Chairman Bernanke remained coy on the possibility of more central bank stimulus for the economy.