US stocks are flat as Wall Street wraps up its best quarter in decades
US stocks were flat on Tuesday as Wall Street wrapped up its best quarterly performance in decades.
The Dow Jones Industrial Average dropped 52 points, or 0.2%. The S&P 500 and Nasdaq Composite both hovered around the flatline.
Those losses were capped in part by a 4.7% jump in Micron following the company’s better-than-expected earnings report. Micron gave strong forward revenue guidance. Shares of Lululemon gained 4.9% on news it will acquire at-home fitness company Mirror for $500 million.
Despite Tuesday’s decline, the major averages headed for their biggest one-quarter gains in years. Both the Dow and S&P 500 were on pace for their best quarterly performance since 1998, surging more than 16% each. The Nasdaq Composite, meanwhile, was up 28.2% quarter to date and was headed for its biggest quarterly gain since 2001.