Declines by industrial and technology companies weighed on U.S. stocks Tuesday, pulling the market back from its latest record highs.
The slide erased some of the gains from a broad rally earlier in the day that had sent the Dow Jones industrial average past the 26,000-point threshold for the first time.
Energy stocks fell as crude oil prices declined. Healthcare stocks were among the gainers as investors sized up the latest company earnings and deal news after a long holiday weekend.
“We've come perhaps a little bit too far, too fast,” said Terry Sandven, chief equity strategist at U.S. Bank Wealth Management. “If you look at year-to-date performance, you have the broad...