US Stocks Rebound, Still End On Downswing After Record Highs

U.S. stocks dropped Tuesday, capping a day that saw strong dips after markets were performing at record highs one week earlier.

The Dow Jones Industrial Average (DJI) closed down 208.98 points, or 0.60%, to 34,577.37, a slight rebound from earlier in the day. The S&P 500 (GSPC) dropped 8.80 points, or 0.20%, to 4,343.54.

Crude Oil also fell, dropping 1.35, or 1.80%, to close at 73.81.

The Nasdaq Composite (IXIC), however, rebounded with a gain of 24.32 points, or 0.17%, to close at 14,663.64.

“It just may be time for a little bit of a breather or a pause in the pace of equity market returns,” Chris Dyer, director of global equities at Eaton Vance, told the Wall Street Journal.

“A lot of the good news is priced in and I think that makes it a little bit more tricky for the equity markets to grind higher in the short term.”