U.S. stocks were little changed, after the Standard & Poor’s 500 Index rose near a record, as investors weighed economic data for clues on the timing of higher interest rates and watched for progress in Greece’s debt talks.
Semiconductors reversed Monday’s gains as Nvidia Corp. and Qorvo Inc. fell more than 2.8 percent. AT&T Inc. rose 2.9 percent after two analyst upgrades. Darden Restaurants Inc. gained as it plans to split off about 430 properties and transfer them to a real estate investment trust. Green Dot Corp. jumped 34 percent after authorizing a stock buyback plan and reaching a new, five-year deal with Wal-Mart Stores Inc.
The S&P 500 Index fell 0.1 percent to 2,120.94 at 12:34 p.m. in New York, after earlier rising within three points of its record close. The Dow Jones Industrial Average added 2.33 points, or less than 0.1 percent, to 18,122.11. The Nasdaq Composite Index slipped 0.2 percent from an all-time high Monday.
After talks on Monday, Greece now has 48 hours to bring a deal with its creditors to the finish line and end a five-month standoff over aid that risks default and possible exit from the euro. Greek Prime Minister Alexis Tsipras needs to shore up support at home for his plan, while euro-area finance ministers meet Wednesday to prepare the ground for a second, scheduled summit of European Union leaders Thursday.