(Reuters) – Wall Street’s main indexes on Tuesday pulled away from all-time highs set in the previous session, following a slump in the shares of Google-parent Alphabet after weak quarterly results.
A trader works on the floor at the New York Stock Exchange (NYSE) in New York, U.S., April 30, 2019. REUTERS/Brendan McDermid
The S&P 500 and Nasdaq broke above record levels on Monday as investors took comfort from a largely positive earnings season, benign inflation data and hints of progress in the U.S.-China trade talks.
Impeding the recent run up in stocks, Alphabet Inc shares fell 7.6%, on track for their worst decline since January 2012, after the company posted its slowest revenue growth in three years.
The S&P communication services sector slid 2.35%, the