Stocks slipped on Tuesday as the big tech-led rally lost steam and the S&P 500 ended a six-day winning run.

The fell 0.39% to end at 5,940.46, while the dipped 0.38% and closed at 19,142.71. The lost 114.83 points, or 0.27%, finishing at 42,677.24.

Investors dumped tech stocks, which had led the run over the past six days. The sector lost 0.5%. slid 0.9%. , , and also dropped.

The broad market index snapped its six-day win streak, its longest since a nine-day run that ended earlier this month. While 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 has rallied more than 20% since hitting an April low on the back of President Donald Trump's tariff announcement. It now is about 3% from its record high.

"I would say that the largest consideration is the fact that we've had the swoon related to the introduction of tariffs, the furious rally associated with the de-escalation of those tariff implementations, and now we're awaiting clarification as many of these negotiations are ongoing," Bill Northey, investment director at U.S. Bank Wealth Management, told C온라인카지노사이트 in an interview.

Northey added that investors are stuck in a state of "optimism without clarity."

shares rose after CEO Elon Musk voiced his commitment to leading the electric vehicle maker for the next five years. "Yes, no doubt about that at all," Musk at Bloomberg's Qatar Economic Forum in Doha. The electric vehicle stock posted a 0.5% gain for the day.

On Tuesday, President Trump was key House Republicans to drop their oppositions to a major tax bill over a cap on deductions for state and local taxes. This opposition threatens to derail the tax legislation, which Trump was hoping to see passed before the upcoming Memorial Day weekend.

S&P 500 snaps 6-day win streak

The snapped a six-day winning streak on Tuesday.

The benchmark fell 0.39% to close at 5,940.46. The lost 114.83 points, or 0.27%, and settled at 42,677.24. The shed 0.38% to finish at 19,142.71.

— Lisa Kailai Han

Trends at Home Depot bode well for Scotts Micracle-Gro, Jefferies said

shares are down 5% since the start of the year, with some investors worried the company may be hurt by competition from private label garden brands. However, Scotts stock has been gaining momentum of late, with a month-to-date jump of more than 25%.

Jefferies analyst Jonathan Matuszewski said trends in 's bode well for Scotts.

"With HD's consumer exhibiting 'trade up' behavior during the quarter, we believe the bear thesis regarding private label trade down in lawn & garden is exaggerated," the analyst said in a note to clients.

While Home Depot's same-store sales fell 0.3% in the fiscal first quarter, trends were positive in the indoor and outdoor garden categories. Home Depot executives said consumers are continuing to "trade up" when they see new and innovative products, according to Jefferies.

—Christina Cheddar Berk

House Republicans are still divided on tax bill despite Trump's efforts

President Donald Trump's push to get House Republicans lined up behind a major tax reconciliation bill has hit a road block, according to a from C온라인카지노사이트's politics team.

Some Republicans from blue states are still for changes to the deduction for state and local taxes, and the group has been dubbed the "SALT Caucus."

Trump and House Speaker Mike Johnson, R-La., have been aiming to pass the bill before Memorial Day weekend, but the group of holdouts could end up pushing the process into June.

— Jesse Pound

Warby Parker stock surges on AI glasses deal with Google

Shares of eyewear brand advanced more than 14% on Tuesday, after the company announced a partnership with Google to develop artificial intelligence-powered glasses.

"The companies are working closely on the development of future smart glasses and intend to launch a series of products over time," the company said in a . "The partners' first line of intelligent eyewear, planned to launch after 2025, will incorporate multimodal AI with prescription and non-prescription lenses."

— Brian Evans

Some price increases will have to happen at Home Depot, analyst says

While Evercore ISI analyst Greg Melich thinks Home Depot is in a solid position to navigate tariff headwinds better than its peers, the company will likely have to increase the price of some of its products.

"The fact is, some like for like SKUs (stock keeping units) will have to go up," Melich told C온라인카지노사이트.

Home Depot Chief Chief Financial Officer Richard McPhail told C온라인카지노사이트 on Tuesday that the company . Melich noted that the comments likely reflect hope from Home Depot that the Trump administration will solidify major trading deals while the company's core consumer remains stable.

Melich also said he expects the company to expand market share thanks to growth of its e-commerce and Pro segments.

— Brian Evans

Stifel chief equity strategist expects a pullback in consumer spending soon

Barry Bannister, Stifel's chief equity strategist, foresees an upcoming decline in consumer spending.

"This is a transitional year, not just in Washington and what's going on politically and economically, but for the consumers. We've had a binge since the COVID handouts, and I think there's going to be a bit of a pullback on both personal consumption and business uncertainty," he said on C온라인카지노사이트's "" Tuesday morning. "So the middle quarters are going to be weak."

"The question is, will the market care? Given that it seems to move more on tweets," Bannister continued.

— Lisa Kailai Han

Solar stocks advance

Solar stocks advanced on Tuesday after President Donald Trump announced construction on a New York offshore wind farm , reversing an earlier order to stop the project. It would be the first offshore wind project to bring electricity straight to New York City

The climbed 1.7% in midday trading. By comparison, the slipped 0.3%.

and led the way higher, with each jumping more than 5%. was the next best performer, climbing more than 4%.

— Alex Harring, Spencer Kimball

UnitedHealth, Humana on pace to break 5-week losing streaks

Shares of and were positive on Tuesday, extending their recent rallies.

UnitedHealth was last 1% higher, while Humana added nearly 2%.

The two stocks were both on pace to break a 5-week losing streak, if they can keep holding onto gains over the next few days. Shares of UnitedHealth and Humana are respectively 10% and 6% higher on the week.

— Bertha Coombs, Lisa Kailai Han

D-Wave Quantum stock pops on latest quantum computer debut

Shares of soared roughly 25% during midday trading Tuesday after the of its latest quantum computing system. The quantum computer, known as Advantage2, is D-Wave's sixth iteration and most advanced system.

Shares of D-Wave have skyrocketed this year, boasting a roughly 99% year-to-date gain. Other quantum computing stocks, such as , and , have popped over the last month but are still posting double-digit losses for the year.

— Pia Singh

15 stocks in the S&P 500 trade at new 52-week highs

15 stocks in the traded at new 52-week highs on Tuesday.

Of these names, 11 tickers reached new all-time highs, including the following:

•  trading at all-time highs back to IPO in 1987
• (formerly Hansen Natural) trading at all-time high levels back to its listing on the NASDAQ in 1992
• trading at all-time highs back to its IPO in 1983
• trading at all-time high levels back to its spin-off from Corning in 1996
• trading all-time highs back through our history to 1983
•  trading at all-time highs back to when TASER began trading in May, 2001
•  trading at all-time highs back to its spin-off from GE in Apr, 2024
•  trading at all-time highs back to its Alcoa spinoff in Nov, 2016
• trading all-time highs back to when it began trading on the NYSE in 1968
• trading at all-time highs back to its IPO in May, 2019
•  trading at all-time highs back to when it began publicly trading on the NYSE in Jan, 1962

— Lisa Kailai Han

German stocks hit all-time high Tuesday; Spanish market at 17-year high

Germany's DAX index touched an all-time high Tuesday, Spain's IBEX rose to its highest since early 2008, Greek stocks hit their highest since 2010 and the Euro STOXX 600 Banks index climbed to its highest since late 2008, one day after the European Union and United Kingdom reached in the wake of Brexit in 2020.

British officials said the ageement with the EU — covering security, energy, trade and travel — marked a "new chapter" in the two sides' relationship. The  climbed to a 10-year high.

"The great gift of yesterday's highly imperfect, slightly concocted, framework deal between Europe and the UK at yesterday's summit in London will be a new sense of Confidence – the secret ingredient X which can move ... slowing, tired economies back into the fast lane," wrote Bill Blain of Wind Shift Capital in his "Morning Porridge" newsletter. "A new deal with Europe should kick start both the UK and European economies."

— Scott Schnipper, Gina Francolla

Moderna, Pfizer shares jump after new FDA guidance on Covid boosters

Shares of and rose Tuesday after the Food and Drug Administration gave new regulatory guidance for future Covid-19 vaccine boosters, which sets stricter approval standards for healthy Americans. 

The FDA recommended different standards of evidence for approval based on patients' risk of getting severely sick from Covid, according to a paper published Tuesday in the New England Journal of Medicine.

Moderna shares jumped 8.8%, while Pfizer added 1.9%.

— Pia Singh, Annika Kim Constantino

The market appears to be in 'healing mode,' says UBS

The market recovery seems to be in full force, according to UBS.

The ultimately edged higher on Monday, despite Moody's downgrading the U.S. federal debt to Aa1 from Aaa on Friday.

"Early-day market movements on Monday indicate that this rally continues to have legs as investors look for buying opportunities. While equities and bonds initially fell at market open on news of the U.S. Treasuries credit downgrade by Moody's, price action bounced as the morning progressed," wrote UBS' Jason Draho. "Indeed, markets appear to be set in a healing mode as summer approaches."

— Lisa Kailai Han

UBS says to stay invested, despite persistent volatility ahead

UBS recommends staying invested going forward, even in the face of ongoing uncertainty.

"We expect volatility ahead as investors contend with uncertainty on several fronts," the bank wrote in a Tuesday note. "Still, we recommend staying invested, along with various strategies to manage volatility, as we expect the S&P 500 to edge higher over the next 12 months and the 10-year Treasury yield to fall."

UBS added that that besides stocks, investors should consider buying bonds, golds and hedge fund for diversification.

— Lisa Kailai Han

Musk commits to leading Tesla for next five years

Tesla CEO Elon Musk has committed to leading the electric-vehicle maker for the next five years.

"Yes, no doubt about that at all," Musk at Bloomberg's Qatar Economic Forum in Doha.

Musk's comments come as some investors have questioned his commitment to Tesla, as he has dedicated much of his time in recent months to advising President Donald Trump and leading the Department of Government Efficiency.

Tesla shares were up less than 1% Tuesday morning.

— Ashley Capoot, Spencer Kimball

Correction: The Qatar Economic Forum was held in Doha. A previous version of this post misidentified the city.

S&P 500 cools after six straight days of gains

The took a breather after six consecutive positive sessions.

The index shed 0.3%, while the dipped 0.4%. The was fractionally lower.

— Lisa Kailai Han

Stocks making the biggest moves premarket

Check out some of the companies making headlines in premarket trading.

• — The home improvement retailer gained 2.4% after it . CFO Richard McPhail also told C온라인카지노사이트 Home Depot doesn't plan to increase prices due to tariffs. 

• — Shares of the cruise line fell 5.6% despite first-quarter results coming in better than expected. Viking lost 24 cents per share, excluding items, on revenue of $897.1 million. Analysts polled by FactSet expected a loss of 29 cents per share on revenue of $841.2 million.

• — The cloud tech stock gained advanced 3% following an upgrade to outperform from Evercore ISI, with analyst Amit Daryanani labeling its risk-to-reward skew as an attractive entry point for investors.

Read the full list .

— Brian Evans

HSBC sees signs of global reallocation towards European equities

We could just be at the beginning of a structural shift in global equity flows, according to HSBC.

"In many ways, the current muddle-through scenario – marked by wavering tariffs and shifting policy signals – might be the environment most likely to trigger a rotation in global equities," wrote HSBC strategist Alastair Pinder in a Tuesday note. "If conditions were as dire as markets feared following 'Liberation Day,' the damage would have hit risk assets broadly. Instead, what we're seeing is a more nuanced backdrop: the U.S. no longer looks as exceptional, while other economies across the world are ramping up stimulus."

The strategist added that he has begun to see signs of global investors reallocating their flows towards European equities.

"Our model, which uses higher-frequency flow data into select non-U.S. domiciled or sold ETFs and mutual funds, estimates that from April through 9 May foreign investors pulled cUSD30bn from U.S. equities. Interestingly, there is evidence European equities are benefiting, with substantial inflows of USD35bn year-to-date, especially into Germany," he added.

— Lisa Kailai Han

Bank of America says to buy JPMorgan Chase stock following latter's Investor day

Following 's Investor day, Bank of America reiterated its bullish stance on the bank stock.

"Investor day provided plenty for the Street to like, with management laser focused on optimizing ROE by efficiently growing the business, while ensuring ROE resiliency by undertaking investments to ensure sustained growth," wrote analyst Ebrahim Poonawala. "Beyond the superior execution, we view the stock as offering an attractive risk/reward to gain exposure to several secular themes including private credit, wealth management, payments/digitization, AI led efficiency gains, and unlocking earnings from a shift to a balanced regulatory backdrop."

Poonawala was assured by CEO Jamie Dimon suggesting that he is unlikely to step down as CEO in the near term, which the analyst said removed the "single biggest idiosyncratic risk factor debated by investors." Meanwhile, management seemed open to potential M&A activity as a way to deploy its excess capital.

Poonawala's price target of $300 is roughly 13% above where shares of JPMorgan closed on Monday.

— Lisa Kailai Han

Home Depot rises after retailer keeps full-year outlook

shares climbed more than 1% after the company maintained its full-year guidance.

The home improvement retailer . Comparable store sales are forecast to expand by about 1%.

CFO Richard McPhail also said the company won't hike prices due to tariffs.

— Fred Imbert

What Monday's turnaround shows investors, according to Barclays

Barclays' trading desk highlighted two takeaways from Monday's market comeback:

1. "The market is still deeply wedded to the tension between fiscal (positive via stocks) and the payback. ... However, even if there is an appetite to gravitate towards 'round' numbers ... the fact is that yields have not really moved enough locally for them to matter for equities near term."
2. Investors are not done taking on risk. "Although it is hard to claim that 'systematics' are responsible for the morning squeeze (or retail for that matter), we should nonetheless respect that there are several verticals of investor that are insufficiently risked into a market that is now +110bps YTD (SPX)."

— Fred Imbert

Big Tech stocks outperforming in May

As the market has gotten closer to its record high, the megacap tech stocks have reasserted their leadership.

This month, the is up more than 13%, while the Nasdaq 100-tracking is up 9.8%. Meanwhile, the is up 7.3% month to date, and the trails even further behind with a 6.4% gain.

One outlier to this trend is , which is down about 1.8% month to date.

— Jesse Pound

Storm clouds on Treasurys' horizon, with or without Moody's downgrade: Capital Economics

Friday's credit downgrade of the U.S. by Moody's Ratings comes at what was already a "tough time" for the Treasury market, according to a strategist for Capital Economics.

"The decision by Moody's to downgrade the U.S. government's credit rating highlights that there are several potential storm clouds on the horizon for Treasuries," wrote Thomas Mathews, head of markets for Asia Pacific.

Sentiment toward the safe-haven status of Treasuries "has arguably deteriorated a bit of late, and the Moody's downgrade comes at a slightly more fragile time for the U.S. bond market," than was the case when Standard & Poor's downgraded U.S. debt in 2011, Mathews wrote.

"It's becoming easier to build a more-negative case for the fortunes of the world's largest bond market," Capital Economics said, citing multiple causes of concern:

• Long-dated Treasurys that have yet to fully recover from their "April dislocation"
• Concerning debt levels and the outlook for still "greater issuance"
• Remote odds for "serious efforts to tackle the U.S. fiscal position"
• Debt ceiling talks later this year that are likely to prove fractious
• Political pressure on the Federal Reserve from the Trump White House
• Shaky demand from Asian buyers

— Scott Schnipper

Equity futures open little changed

Stock market futures were calm when trading resumed at 6 p.m. in New York. S&P 500 futures were down less than 0.1%.

— Jesse Pound