U.S. stocks edge lower a day after S&P 500, Dow closes at record

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U.S. stocks pulled back from all-time highs at the start of Tuesday’s trade as markets took a breather from the record-setting rally spurred by hopes of fiscal aid. The S&P 500 fell 0.2% to 3,907. The Dow Jones Industrial Average was down 0.3% to 31,287. The Nasdaq Composite was flat at 13,987. Investors continue to focus on President Joe Biden and Democratic lawmakers’ plans to push for budget reconciliation, a process that would allow the $1.9 trillion fiscal relief proposal to go through without receiving Republican support. Shares of DuPont de Nemours Inc. fell even after the materials and chemicals company reported fourth-quarter profit and sales that beat analyst expectations.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.
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