NEW YORK: Wall Street stocks Tuesday retreated a day after the Nasdaq topped 5,000 for the first time in 15 years, as electronics retailer Best Buy announced big shareholder payouts.
Five minutes into trade, the Dow Jones Industrial Average was at 18,251.99, down 36.64 points (0.20 percent).
The broad-based S&P 500 shed 5.76 (0.27 percent) to 2,111.63, while the tech-rich Nasdaq Composite Index fell 16.49 (0.33 percent) to 4,991.61.
On Monday, the Dow and S&P 500 finished at records, while the Nasdaq closed above 5,000 for the first time since March 2000.
Best Buy raised its dividend by 21 percent, resumed share repurchases
and announced a special one-time divided of 51 cents per share after income for the quarter ending January 31 rose 77 percent to $519 million.