Finance

What happened to the stock market Tuesday: Stocks hit records

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Dow Jones Industrial average flat

The Dow closed flat at 29,276.34. The S&P 500 advanced 0.17% to 3,357.75. The Nasdaq Composite gained 0.11% to 9,638.94. The major averages hit intraday records before retreating from those levels.

Record highs, but coronavirus worries linger

Stocks hit record levels but ongoing worries around the coronavirus kept a lid on Wall Street’s enthusiasm. Federal Reserve Chairman Jerome Powell said the central bank was “closely monitoring” the situation as well as its potential economic impact on the global economy. Under Armour, meanwhile, issued weak sales guidance for the year, citing a possible hit from the coronavirus.

T-Mobile and Sprint surge, Under Armour…



Source cnbc.com

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