Stocks closed lower on Wall Street Tuesday after an early gain evaporated, snapping the market’s two-day winning streak.
The losses were led by companies that have been investor favorites, including Microsoft, Apple and Amazon. Small-company stocks, which took a beating in the sell-off that swept markets the last several weeks, ended higher.
Other winning stocks included shopping mall owners, travel companies and other businesses that stand to benefit from economies reopening after being closed due to the coronavirus.
The S&P 500 index fell 15.09 points, or 0.5%, to 2,863.39.