Stocks Opened Lower after Nasdaq Topped 5000

U.S. stocks pulled back on Tuesday, catching their breath a day after the Nasdaq settled above the psychologically significant 5,000 level and other benchmarks closed at records. The Dow Jones Industrial Average lately slipped by 66.47 points, or 0.36%, to 18,222.16. The S&P 500 was down 11.43 points, or 0.54%, to 2,105.96. The Nasdaq Composite lost 30.80 points, or 0.62%, to 4,977.29.

U.S. home prices jumped 1.1% in January to take the year-over-year gain to 5.7%, CoreLogic reported Tuesday.CoreLogic said 27 states and the District of Columbia are at or within 10% of their peak.

Handset maker Blackberry (Toronto Stock Exchange: BB-CA) has unveiled an “affordable” smartphone and announced plans for three other devices including a dual curved-screen “slider” phone and luxury smartphone.

Oil rose more than $1 in volatile trade on Tuesday as fighting in Libya and signs of stronger global demand outweighed persistent concerns about a supply glut. Brent crude futures rose more than $2 at one point before slipping back to trade just below $61.

Best Buy Co Inc (BBY.N), the largest U.S. consumer electronics chain, said on Tuesday it will launch a new cost savings program in fiscal year 2016, beginning Feb. 1. Chief Executive Officer Hubert Joly said the company aims to save $400 million over three years.

Citigroup Inc (C.N) said it has agreed to sell its consumer finance unit OneMain Financial Holdings Inc to subprime lender Springleaf Holdings Inc (LEAF.N) for $4.25 billion in cash.