US stocks ease back after another high on S&P 500
NEW YORK (AP) — The U.S. stock market is taking a breather after another day of record highs.
Global markets were flat or edging lower as well Tuesday.
The Dow Jones industrial average slipped 18 points to 16,007 in early U.S. trading. The Standard & Poor’s 500 index was down three points to 1,805, just below its all-time closing high Monday. The Nasdaq composite fell six points to 4,062.
In corporate news, Toll Brothers rose 66, or 2 percent, to $34.24 after the homebuilder forecast higher revenue and profitability for fiscal 2014.
Other homebuilders were among the top gainers in the S&P 500 index.
Lululemon Athletica’s founder is giving up his chairmanship after comments about the body type of potential customers. The yoga retailer fell 51 cents, or 0.7 percent, to $69.83.