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Stocks Fall Slightly off All-Time Peaks

KSS

Stocks hit fresh record highs on Tuesday but quickly faded fro those levels as losses in Home Depot and Kohl's outweighed a rise in Boeing shares.

The Dow Jones Industrial Average fell 49.13 points to 27,987.09

The S&P 500 subtracted 0.62 points to 3,121.41

The NASDAQ added 14.16 points to Monday's all-time high to 8,564.10

Home Depot and Kohl's both dropped on the back of weaker-than-expected same-store sales data for the previous quarter. Home Depot pulled back more than 2% while Kohl's tanked 16.4%.

Meanwhile, Boeing shares rose 0.6% after wrangling up 50 orders for the embattled 737 Max jet at the Dubai Air Show. One order for 20 planes came from an undisclosed buyer while a Kazakhstan-based airline put in another one for 30 planes.

Prices for the 10-Year U.S. Treasury acquired some new ground, lowering yields to 1.8% from Monday's 1.82%. Treasury prices and yields move in opposite directions.

Oil prices dipped $1.01 to $56.04 U.S. a barrel.

Gold prices were worse off $1.40 to $1,470.50 U.S. an ounce.



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