Stocks retreated slightly on Tuesday as the S&P 500 looks to wrap up its seventh straight month of gains at a record high.
The Dow Jones Industrials retreated 17.03 points to get Tuesday started at 35,382.81. Apparel company Nike was one of the biggest losers in the Dow, falling more than 1%.
The S&P 500 lost 5.05 points to 4,523.74 from Tuesday's record.
The NASDAQ Composite fell 41.07 points, to 15,265.89, which had also been an all-time peak.
Zoom shares fell about 16% in early trading on Tuesday after the video-conferencing software company showed slowing revenue growth in the second quarter, weighting on the NASDAQ. The drop in shares came even as Zoom's earnings beat estimates and the company raised full-year guidance as the pandemic took a turn for the worse. Apple and Netflix also declined.
Tuesday marks the last trading day of August, and major averages are poised to post solid gains for the period. The S&P 500 is up 3% this month, while the tech-heavy NASDAQ has climbed 4%, on pace to post its third winning month in a row. The blue-chip Dow is up a more modest 1.3%.
On Tuesday, the S&P CoreLogic Case-Shiller national home price index showed that prices were up 18.6% year over year in June. An August consumer confidence report from the Conference Board showed a larger-than-expected decline.
On the political front, the Pentagon said the U.S. has finished its evacuation efforts from Kabul's airport, effectively ending America's longest war.
Prices for 10-Year Treasurys were unchanged, keeping yields at Monday's 1.28%.
Oil prices sank 61 cents to $68.60 U.S. a barrel.
Gold prices grabbed $1.40 to $1,813.60 U.S. an ounce.