Stocks Slide Lower
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iStock/Thinkstock(NEW YORK) — Stocks moved lower after a day of record highs.
The Dow Jones Industrial Average dropped 52 points to 15,973.13 on Tuesday. The Nasdaq Composite gave up 8 points to close at 4,060.49. The S&P 500 closed down 6 points at 1,802.62.
Materials stocks climbed higher, while the utilities sector produced the weakest performances Tuesday.
For the first time in history, a woman will run one of the big three major U.S. automakers. General Motors’ new CEO Mary Barra has been with the company for more than 30 years, most recently as an executive vice president in marketing and product development. She’s behind the rollouts of some of the most successful vehicles in recent years.
Meanwhile, there’s more encouraging news for job hunters. The Labor Departments says employers advertised the most job openings in more than five years in October. The number of people quitting their jobs reached a five-year high — considered a sign that people may be feeling more confident about the job market.
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