S&P 500 closes lower after four-day rally that took it to a record high

The S&P 500 It closed slightly lower after hitting an intraday record high on Tuesday after a four-day rally weakened as investors weighing travel disruptions and store closures fueled by the omicron variant of the coronavirus.

The Centers for Disease Control and Prevention (CDC) on Monday shortened the recommended isolation time for Americans with asymptomatic cases of Covid-19 to five days from the previous guide of 10 days.

The CDC’s decision, along with approvals of new pills and more vaccines to combat Covid-19, have helped investors look beyond thousands of flight cancellations as Apple Inc. closed its stores in New York due to the increase in cases.

The top three indices were heading for monthly gains. Among the 11 main sectors of the S&P 500, eight advanced on Tuesday. While technology and healthcare led the declines.

According to preliminary closing data, the S&P 500 lost 4.53 points, or 0.08%, to 4,787.14 units, while the Nasdaq Composite it yielded 86.27 points, or 0.54%, to 15,784.99 units. The Promedio Industrial Dow Jones it rose 101.66 points, or 0.26%, to 36,404.04 units.

At the company level, Boeing Co moved forward when Indonesia lifted a flight ban on its 737 MAX, three years after the crash of one of the planes and the deaths of all 189 people on board.



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