S&P Could Snap 6-Day Win Streak

The S&P 500 slipped Tuesday, as investors digested strong gains from recent sessions.The Dow Jones Industrials tumbled 157.44 points to 42,634.63. The much-broader index fell back 80.61 points to 5,939.35The NASDAQ Composite lost 80.61 points to 19,134.86.Tech was the worst-performing S&P 500 sector, losing around 0.9%. Nvidia lost 2%. Meta Platforms, Apple and Microsoft were also lower on the day.Home Depot traded slightly higher after the home improvement retailer stuck by its full-year guidance, expecting total sales for the full year to grow by 2.8%. CFO Richard McPhail also said the company doesn’t have any plans to raise prices in the face of higher tariffs.The moves come a day after the S&P 500 eked out a small gain to stretch its winning streak to six days. That’s its longest run since a nine-day streak that ended earlier this month. While Monday’s gains were marginal, they did add to what has been a rapid and sharp rebound for stocks over the past five weeks. The S&P 500 is now about 3% from its record high.The 30-year Treasury yield was last three basis points higher at 4.971% after briefly surging past 5% on Monday.Treasury prices and yields move in opposite directions. Oil prices declined 42 cents to $62.27 U.S. a barrel. Prices for gold rallied $46.30 to $3,270.80