Business

Snapshot: With little to drive them up, stocks slip

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Lacking big news or earnings reports — other than a long-awaited Men’s Wearhouse-Jos. A. Bank deal and GM’s auto-recall troubles — investors found little to get excited about, and stocks slipped lower a second day in a row. ‘We’ve had such a nice run, I think you’re seeing people take some profits,’ TD Ameritrade’s J.J. Kinahan said. Last week, the market set three record highs. But on Tuesday nine of the 10 S&P 500 sectors fell, led by energy stocks. McDonald’s had the biggest gain among companies in the S&P 500, rising nearly 4% as it rebounded after having slumped a day earlier on worries about a sales slowdown at its US restaurants.

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