Stocks have lost momentum as investors regroup after the tumultuous run-up last week and as focus sharpens on the health of the US economy.
US stocks were mixed on Tuesday after a pullback from all-time highs, with retail earnings on tap to occupy investors counting down to a crucial inflation report. The Dow Jones Industrial Average fell about 0.3%, while the S&P 500 was little changed in the wake of a retreat from record levels. Tech stocks were more upbeat, with a rise of 0.2% for the Nasdaq Composite .
7, down from a revised 110.9 in January. January's preliminary reading was 114, a two-year high for the measure. Economists surveyed by Bloomberg had expected a reading of 115 for February. Investors digested other economic updates on Tuesday, including another rise in home prices and the largest drop in US durable goods orders in four years.
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