U.S. stocks were little changed on Tuesday after the Dow and S&P 500 managed to touch fresh intraday records for a fifth straight session in early trading.
On Monday, the benchmark S&P index had set its 39th new closing high for the year, versus 45 in 2013. The last time the index closed at a record high in four consecutive days was in June, while its last five-day streak was in May 2013.
The benchmark has rallied more than 9 percent from a six-month low in October, buoyed by supportive economic data and solid corporate earnings reports. For the year, the index is up over 10 percent.
Thomson Reuters data through Tuesday morning showed that of 449 companies in the S&P 500 to report earnings, 74.6 percent beat expectations, above the 63 percent beat rate since 1994 and 67 percent for the past four quarters. Earnings overall are expected to grow 10 percent over the year-ago period.
The Dow Jones industrial average fell 5.2 points, or 0.03 percent, to 17,608.54, the S&P 500 lost 0.61 points, or 0.03 percent, to 2,037.65 and the Nasdaq Composite dropped 1.50 points, or 0.03 percent, to 4,650.12.