Stock indexes slipped Tuesday as the momentum seen in the previous session fizzled, and declines in bank shares offset gains in tech names.
The Dow Jones Industrials dumped 174.66 points to conclude Tuesday's trading at 34,289.03.
The S&P 500 index faded 12.12 points to 4,387.65. Hasbro was the top performer in the S&P 500 Tuesday afternoon.
Shares advanced 6.9% in midday trading after Bank of America raised its price objective on the toymaker. The Wall Street firm said Hasbro will get a boost in 2024 from royalties collected from its recent digital game launch in Monopoly Go.
The tech-heavy NASDAQ index managed to hang onto gains of 8.28 points to 13,505.87.
The financial sector was recently down 0.8%, making it the worst-performing sector of the S&P 500. KeyCorp and Comerica dropped nearly 4% each. Big bank JPMorgan Chase also fell 2.1%.
Dick's Sporting Goods tumbled 24% and Macy's fell by 13%, on cautious full-year forecasts. On the other hand, major tech-related names Netflix and Alphabet climbed.
Home sales declined at a faster pace than expected in July as prices pushed higher, the National Association of Realtors reported Tuesday.
Existing sales dropped 2.2% from June, against the Dow Jones estimate for a 0.2% decline. Sales totaled 4.07 million, against the estimate for 4.15 million, and were off 16.6% from a year ago.
Prices for the 10-year Treasury were a mite higher, reducing yields to 4.33% from Monday's 4.34%. Treasury prices and yields move in opposite directions.
Oil prices fell 47 cents to $80.25 U.S. a barrel.
Gold prices inched higher $3.20 to $1,926.20 U.S. an ounce.