(CNBC) -- U.S. stocks fell for the first time in six days on Tuesday ahead of quarterly earnings reports from several megacap technology companies.
The S&P 500 declined nearly 0.5% to 4,401.46, led to the downside by consumer names, tech and energy. The broad equity benchmark dropped 1.1% at its session low. The Dow Jones Industrial Average fell 85.79 points, or 0.2%, to 35,058.52, after dropping as much as 266 points earlier. The Nasdaq Composite slid 1.2% to 14,660.58. The major averages all slipped from their respective records reached in the previous session, breaking their five-day winning streaks.
Shares of UPS tumbled roughly 7% as the shipping company’s domestic revenue came up shy of estimates. UPS beat on the top and bottom lines, however, as a surge in e-commerce orders continued.
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