Investing.com - Stocks struggled for most of the day until a late round of buying offset rising interest rates and weakness in big tech stocks.
Meanwhile, the Nasdaq Composite fell 0.04%. The Nasdaq 100 index dropped 0.23% in part because of Apple's announcement of pricing for its new TV streaming and game services. Netflix (NASDAQ:NFLX), Amazon.com (NASDAQ:AMZN), Roku (NASDAQ:ROKU), and Walt Disney (NYSE:DIS), which isn't a part of the Nasdaq-100 index, were all lower.
Apple (NASDAQ:AAPL) moved up about 1.2%, adding 9.7 points to the Nasdaq-100's performance on the day and 17 points to the Dow, sixth most among the 30 stocks in the index. Boeing (NYSE:BA), up 3%, added 72.6 points by itself.
Starbucks fell on reports of an SEC dispute with some of its accounting practices. Expanded disclosures will be included in its next earnings report.
Interest rates moved higher, with the 10-Year Treasury yield reaching 1.718%, up from Monday's 1.622%. The 2-Year yield ended at 1.682%, up from 1.575% on Monday. The gains for both weighed on markets for most of the day, although investors bid bank stocks higher.
Oil prices dropped after President Donald Trump said he'd fired John Bolton as National Security Advisor. (Bolton, known for favoring direct intervention in Iran and other hot spots, insisted he quit.) Investors sold oil on the assumption that Bolton's departure reduces the potential of new U.S. military action in the Middle East.
Real-estate, consumer staples and technology shares were among the market's weakest sectors. Industrial, energy, materials and telecom stocks were leaders.
MarketAxess Holdings (NASDAQ:MKTX), operator of an electronic trading platform, Chipotle Mexican Grill (NYSE:CMG) and CME Group (NASDAQ:CME), operators of some of the largest U.S. futures exchanges, were among the weakest S&P 500 performers.
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