U.S. Stocks Pull Back Further Off Record Highs

Following the modest pullback seen in the previous session, stocks saw further downside over the course of the trading day on Tuesday. The major averages initially moved higher but slid firmly into negative territory as the day progressed.

The major averages ended the day just off their lows of the session. The Dow slid 293.18 points or 0.6 percent to 49,149.38, the Nasdaq declined 144.43 points or 0.6 percent to 24,529.96 and the S&P 500 fell 45.13 points or 0.6 percent to 7,064.01.