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Stocks closed mixed Tuesday, ending off their session highs, as euphoria from this morning's earnings reports faded and as tech giant Apple slumped, weighing on the Nasdaq.
The Dow Jones Industrial Average rose 74.39 points, or 0.58 percent, to close at 13,001.56, led by AT&T and GE . However, Wal-Mart extended losses from the previous day's selloff following news of bribery allegations at the retailer's Mexican affiliate surfaced.
The S&P 500 edged up 5.03 points, or 0.37 percent, to end at 1,371.97. The Nasdaq slipped 8.85 points, or 0.30 percent, to finish at 2,961.60, logging its fifth-straight decline.
The CBOE Volatility Index, widely considered the best gauge of fear in the market, ended below 19.
Among the key S&P sectors, telecoms and industrials logged a gain, while techs declined.
“There’s no question this first quarter of earnings is coming in much stronger than expected, and we’re seeing average growth rates across all sectors,” said Rich Weiss, senior vice president and portfolio manager at American Century Investments on CNBC's " Street Signs ." “[But] the very strong earnings are arguably being weighed down by some of the macroeconomics, globally speaking. So clearly it’s a battle.”
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