Stock market today: Wall Street drifts in mixed trading as oil recovers some of its losses
Wall Street drifted through mixed trading and held relatively steady ahead of several potentially market-moving reports later in the week
NEW YORK — Wall Street drifted through a quiet day of mixed trading Tuesday, where most stocks fell but a handful of influential companies kept the losses in check.
The S&P 500 slipped 7.04 points, or 0.1%, to 4,756.50 to follow up its best day in nearly two months. The Dow Jones Industrial Average fell 157.85, or 0.4%, to 37,525.16, and the Nasdaq composite rose 13.94, or 0.1%, to 14,857.71.
Eversource Energy tumbled 7.7% for one of the worst losses in the S&P 500 after it said it could face a hit of up to $1.6 billion against its results for the end of 2023. It's negotiating the sale of its stake in three offshore wind projects, and it may need to account for a lower value for them due to several challenges.
Unity Software fell 8% after it said it will cut about a quarter of its workforce, or 1,800 positions.
Boeing also fell again, but not by as much as Monday, the first trading day after one of its jets flying for Alaska Airlines suffered an in-flight blowout over Oregon. Its stock lost 1.4% after tumbling 8% Monday. Spirit AeroSystems, which makes fuselages and other parts for Boeing, slipped 0.4%.
Elsewhere in the airline industry, JetBlue Airways lost 10.2% after its chief executive, Robin Hayes, said he will step down for health reasons. He will be replaced by JetBlue’s current president, Joanna Geraghty, who will become the first woman to lead a major U.S. airline.
On the winning side of Wall Street, Illumina gained 4.5% after the biotechnology company said it expects to report stronger revenue for the end of 2023 than analysts had forecast. Urban Outfitters jumped 7.7%
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