A rally in the tech sector — led by Micron Technology — lifted the S&P 500 and the Nasdaq Composite to fresh all-time highs and closing records Tuesday.
The major averages slid on Tuesday, with the S&P 500 falling for a third session, as Treasury yields rose.
The S&P 500 and the Nasdaq Composite closed lower for a second session on Monday as the tech sector slid. Shares of Micron Technology lost nearly 6%.
The S&P 500 pulled back from its record on Tuesday as higher oil prices and a hot consumer inflation report kept stocks under pressure.
Investors looked past another setback in the Middle East on Monday, as the S&P 500 ticked higher for its first close above 7,400.
The S&P 500 and Nasdaq Composite rose to fresh records on Tuesday, powered by falling oil prices and solid quarterly earnings reports.
The major averages sold off on Monday, with the Dow Industrials losing more than 550 points as oil prices rose and investors grew worried about the Middle East.
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