Provided by
Dow Jones
By Will Horner and Julia Carpenter
U.S. stocks slipped Tuesday, on track to extend their losses as investors assess blue-chip companies' profits and sales prospects.
The Dow Jones Industrial Average dropped 0.9%, while the S&P 500 fell 0.8% and the Nasdaq Composite lost 1.2%. All three indexes declined Monday, breaking a recent winning streak.
Investors are looking to companies' first-quarter results and their outlooks for the rest of the year to gauge whether valuations on stocks are justified. Strong U.S. economic data has bolstered expectations and fueled the recent rally that has left major indexes hovering close to records.