“Dow slips as Wall Street rally takes a breather: Live updates from CNBC”

The Dow Jones Industrial Average closed lower for the second consecutive day on Tuesday, as Wall Street’s recent rally came to a temporary halt. The index fell 0.2% to 35,058.52, while the S&P 500 and Nasdaq also ended the day in negative territory.

Investors appeared to be taking a breather after a strong run of gains in recent weeks, with concerns about rising inflation and the ongoing COVID-19 pandemic weighing on sentiment. Tech stocks were particularly hard hit, with companies like Apple and Amazon seeing declines.

Despite the losses, market experts remain optimistic about the long-term outlook for stocks, citing strong corporate earnings and a supportive Federal Reserve as reasons for confidence. However, uncertainty about the path of the economy and the potential for further COVID-19 disruptions continue to loom large.

As the trading day unfolded, market watchers kept a close eye on developments in Washington, with Congress set to debate a new infrastructure spending bill. Any progress on the legislation could provide a boost to investor sentiment in the coming days.

Overall, Tuesday’s losses were seen as a natural correction after a period of rapid gains, with many analysts expecting the market to resume its upward trajectory in the days ahead. Stay tuned for more updates as Wall Street continues to navigate the challenges of a post-pandemic world.