Stocks didn’t manage to hold on to the meager gains they made on Wall Street Monday, pulling the S&P 500 slightly below the record high it set late last week.
The benchmark index slipped 0.1%. Losses for big banks offset gains elsewhere in the market amid some worries over how much banks would suffer following soured trades made by a major U.S. hedge fund. Gains for Facebook and other technology heavyweights helped limit the losses.
The S&P 500 fell 3.45 points, or 0.1%, to 3,971.09.