At the closing bell, the S&P 500 index was up -- but only a scant 0.04% -- to 1,897.45. The Dow Jones industrial average gained 0.1% to 16,715.64 -- up 20 points -- and set a new intraday record high on its way, of around 16,735.
Sinking 0.3% was the Nasdaq composite, losing 14 points to close at 4,130.17.
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On Monday, the S&P 500 index rose 18.17 points, or 1%, to finish at an all-time high of 1,896.65. The Dow gained 112.13 points, or 0.7%, to end at record closing high of 16,695.47. The Nasdaq climbed 71.99 points, or 1.8%, to 4,143.86.
In economic news, retail sales grew a scant 0.1% in April, disappointing forecasters who expected more of an early spring pick-up. Economists' had forecast a 0.5% gain.
U.S. businesses increased their stockpiles by 0.4% in March and sales increased 1%, the Commerce Department reported. It was the largest increase in sales in 10 months and follows a 0.9% rise in February. The two months of sizable gains in sales should encourage businesses to keep restocking to meet rising demand.
The yield on the 10-year Treasury note dropped to 2.62% from 2.66% late Monday.
The price of oil rose 72 cents, or 0.7%, to $101.31 a barrel.
Overseas, Japan's Nikkei climbed 2% to 14,425.44 after a smaller-than-expected current account surplus for Japan weakened the yen. Hong Kong's Hang Seng index gained 0.4% to 22,352.38.
European shares traded higher. London's FTSE 100 index was up 0.3% to 6,873.08 and Germany's DAX index jumped 0.5% to 9,754.43.
Contributing: The Associated Press
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