A slide led by Target and other big retailers pulled U.S. stock indexes lower Tuesday, snapping a 12-day winning streak for the Dow Jones industrial average.
Industrial stocks and phone companies were also among the big decliners. Energy companies fell as crude oil prices edged lower. Utilities stocks eked out a gain.
Investors were focused on an evening speech by President Trump to Congress, hoping to glean more details on the timing of tax cuts and other policies.
“The next direction of this market, in our view, is going to be very much driven by the ability of the administration to start putting into action some of the things that the market has gotten excited...