U.S. stocks wobbled on Tuesday, weighed down by weakness in the shares of technology and social-media giants.
The Dow Jones Industrial Average ticked up 0.1% in afternoon trading, after wavering between small gains and losses earlier in the day. The S&P 500 rose less than 0.1%, while the technology-heavy Nasdaq Composite gained 0.3%.
All three indexes closed at record highs on Friday but retreated at the start of this week.
Investors broadly expect stocks to rally this year as the rollout of vaccines and fresh government spending help the economy recover from the disruption caused by the pandemic. Still, some are bracing for volatility in the coming months amid risks stemming from high valuations in parts of the stock market, still-elevated coronavirus case rates and political uncertainty following last week’s attack on the Capitol.
In the coming days, money managers will parse quarterly results as earnings season gets under way among U.S. companies. Home builder KB Home is due to report after markets close. Other companies set to report results later this week include Delta Air Lines and JPMorgan Chase.