How major US stock indexes fared Tuesday, 8/20/2024

U.S. stocks ticked lower and snapped an eight-day winning streak, the longest of the year. The S&P 500 fell 0.2% Tuesday, but it’s still just 1.2% below its all-time high set last month. The Dow Jones Industrial Average slipped 0.2%, and the Nasdaq composite fell 0.3%. Nvidia was the heaviest weight on the market as its rocky trading continues. Palo Alto Networks helped limit the losses after reporting stronger profit for the latest quarter than analysts expected. Treasury yields eased ahead of a speech on Friday by Federal Reserve Chair Jerome Powell, which will likely be the week’s highlight for financial markets.