U.S. stocks slumped Tuesday, pushing the three main benchmarks off records set Monday, as the dollar weakened against most major currencies. The Dow Jones Industrial Average retreated 44 points, or 0.2%, to 18,591, the S&P 500 index gave up 4 points, or 0.2%, at 2,185, while the Nasdaq Composite Index, slipped 14 points, or 0.3%, at 5,247. The dollar, as gauged by the U.S. ICE Dollar Index , was down 0.6% at 94.68. Against the yen , the buck dipped below the psychologically significant level of ¥100, but had recovered somewhat. In companies news, Home Depot Inc. was trading modestly higher after the do-it-yourself retailer reported same-store sales up by 5.4% in the second quarter.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News