Stocks were little changed on Tuesday, but managed to post fresh records as retail shares outperformed.
The Dow Jones Industrials gained 32.92 points on top of Monday’s all-time record 28,099.39.
The S&P 500 inched up 2.86 points to 3,136.50 from Monday’s record.
The NASDAQ grew 9.15 points to 8,641.64, improving on Monday’s all-time peak.
Retailers rose broadly after Best Buy posted quarterly earnings that beat analyst expectations, sending its stock up more than 6%. The electronics retailer also raised its fiscal 2020 earnings forecast. Dick’s Sporting Goods also rallied more than 15% on better-than-expected earnings.
Tuesday’s moves come after the major averages all set record closing highs amid optimism around the U.S.-China trade talks. China’s ministry of commerce said Monday that the leaders of China and the U.S. spoke over the phone.
On the data front, the S&P Case-Shiller index showed home price gains accelerated in September, gaining 3.2% annually. Consumer confidence data was scheduled for release at 10 a.m.
Prices for the 10-Year U.S. Treasury moved slightly upward, lowering yields to 1.74% from Monday’s 1.76%. Treasury prices and yields move in opposite directions.
Oil prices added 46 cents to $58.47 U.S. a barrel.
Gold prices dipped $3.20 to $1,453.70 U.S. an ounce.