(New York, NY) — Investors appear to be taking a breather Tuesday after rallies Monday led to closing records on the Dow Jones Industrial Average and the S&P 500. Traders appear to be excited to see the U.S. economic rebound unfolding, but a possible corporate tax hike with President Biden’s infrastructure proposal also looms large. At the close, the Dow finished down 97 points to 33-430. The S&P lost four points to close at 40-74 and the Nasdaq dropped seven points to 13-698.
Travel and leisure stocks again saw big improvements on the day as the American economic outlook improves. Norwegian Cruise lines finished up more than four-and-a-half percent after announcing they would restart some Caribbean and European voyages in July. Wynn Resorts, Caesars Entertainment, and Alaska Air also were among the companies with the biggest gains on the S&P 500 Tuesday.
Kyle Norris Copyright © 2021 TTWN Media Networks Inc.