FILE – In this March 7, 2014 file photo, Glenn Kessler, left, works with fellow traders on the floor of the New York Stock Exchange. World stock markets steadied Tuesday, March 11, 2014 after a sell-off the day before. (AP Photo/Richard Drew, File)
Without any big economic news or blowout company earnings to respond to, investors found little to get excited about Tuesday and sent the stock market lower for the second day in a row.
A few companies grabbed headlines for posting poor quarterly results or consummating long-running merger talks Tuesday. But the broader market barely budged for much of the day, then closed slightly lower. Investors didn’t see enough that they liked to drive up a market that hit three record highs last week.
“It’s a market that is looking for some direction overall,” said J.J. Kinahan, chief strategist with TD Ameritrade. “We’ve had such a nice run, I think you’re seeing people take some profits.”
The Standard & Poor’s 500 index slipped 9.54 points, or 0.5 percent, to close at 1,867.63. The Login to read more