Stocks on Wall Street slipped on Tuesday, with a slide in shares of oil majors and other energy groups weighing on a market that has drifted sideways since hitting a record earlier this month.
The blue-chip S&P 500 index closed the trading day down 0.9 per cent, with energy and industrials booking the strongest declines, while the technology focused Nasdaq Composite lost 0.6 per cent. Europe’s Stoxx 600 closed 0.2 per cent higher.
Investors have over the past six months dramatically shifted their portfolios, buying up shares of hard-hit companies whose stocks are expected to benefit from an economic recovery in 2021.
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