US stock indices closed slightly higher on Tuesday and both the Dow Jones and the S&P 500 hit records, but gains were tempered by a slide in Facebook shares following its quarterly results.
Facebook was the biggest drag on the S&P 500 and the NASDAQ, after the company warned that Apple’s new privacy changes will weigh on its digital business.
However, the S&P 500 marked a new high driven by large-cap stocks. NVidia advanced to record highs, while Amazon.com and Apple also rose.
One of the main supports for the S&P 500 was the 6.94% advance in United Parcel Service shares, which reported better-than-expected quarterly earnings and revenue, helped by strong e-commerce demand that has enabled the delivery giant increase shipping rates and select more profitable customers.
The S&P 500 gained 0.18%, to 4,574.79 units, while the NASDAQ advanced 0.06%, to 15,235.71 points and the Dow Jones Industrial Average rose 0.04%, to 35,756.88 integers.