Stocks Ended Mixed, Dow Eked out Record Close

U.S. stocks Ended mixed on Tuesday, with the Dow Jones Industrial Average managed to ring up a fresh all-time high, but the broader market was weighed by a slump in bank and technology shares, as investors awaited further details on the Republican Party’s tax bill and gauged the likelihood of its passage. The Dow Jones Industrial Average rose 8.81 points, or 0.04%, to 23,557.23. The S&P 500 lost 0.49 points, or 0.02%, to 2,590.64. The Nasdaq Composite dropped 18.65 points, or 0.27%, to 6,767.78.

Oil prices finished lower Tuesday. December West Texas Intermediate crude declined by 15 cents, or 0.3%, to settle at $57.20 a barrel. January Brent crude gave up 58 cents, or 0.9%, to $63.69 a barrel.

Snap’s losing streak continued with today’s Q3 2017 earnings report that saw it miss financial expectations and add just 4.5 million users. Snap earned $207.9 million in revenue with a loss of $0.14 per share, compared to expectations of a $237 million in revenue and a loss of $0.15 EPS.