Wall Street ended in the green on Tuesday, with the Nasdaq Composite closing at a record high while declines in the energy sector kept a lid on the gains in the other indexes.
The tech-heavy Nasdaq was led higher by gains in components like Autodesk (ADSK), which affirmed Q4 and full year guidance and said CEO Carl Bass is stepping down effective Feb. 8. The information technology group on the S&P 500 rose 0.4% to be among five of the 11 sectors that strengthened. The top performance belonged to consumer staples, which rose 0.8%.
Energy fell 1.4% in the steepest decline on the S&P 500 as US crude futures retreated. The Dow Jones Industrial Average, which touched a record on an intraday basis before pulling back, saw just over half of its blue chips hang on to gains, with Boeing (BA) up 1.5% in the strongest advance and Chevron (CVX) down the some amount the steepest loss.
Economic data was mixed, with the trade deficit in December narrowing to $44.3 billion from a revised $45.7 billion deficit in November. The number of jobs available in December fell slightly to 5.501 million from a downward revised 5.505 million in November, missing estimates for an increase to 5.568 million.