U.S. stocks ended mixed on Tuesday after major indexes finished their best week in nearly two years as investors came back from a long-weekend holiday and looked forward to a new earnings season.
The market rose in all five sessions last week as concerns over Greek debt allayed and some of the economic data came in better than expected. All three major averages gained about 5.5 percent, the best performance in nearly two years.
Tuesday's lackluster data did little to affect equities. U.S. factory goods orders climbed 0.8 percent in May to 445.29 billion dollars, showing the manufacturing sector is still growing, but the increase was still a little shy of expectations.
While weighing on the market, Moody's Investors Service slashed Portugal's long-term government bond ratings by four notches to junk territory on Tuesday, citing the risk is growing that Portugal will require a second round of official financing before it can return to the private market.
When market closed, the Dow Jones industrial average slipped 12. 90 points, or 0.10 percent, to 12,569.87. The Standard & Poor' s 500 was down 1.79 points, or 0.13 percent, to 1,337.88. The Nasdaq Composite Index rose 9.74 points, or 0.35 percent, to 2, 825.77.
