Dow hits 26000 points but loses early gains

iStock/Thinkstock(NEW YORK) — Despite the Dow hitting a new record of 26,000 Tuesday, U.S. stocks pulled back and closed in the red.

The Dow Jones Industrial Average slid 10.33 (-0.04 percent), finishing the session at 25,792.86.

The Nasdaq fell 37.38 (-0.51 percent) to close at 7,223.69, while the S&P 500 finished trading at 2,776.42, down 9.82 (-0.35 percent) for the day.

Crude oil prices were were about 1 percent lower and under $64 per barrel.

Winners and Losers:  General Electric sunk 2.93 percent after reporting a $6.2 billion after-tax charge.

Shares of Twitter Inc. tumbled 2.95 percent.

Energizer announced it will acquire Spectrum’s Rayovac batteries in a $2 billion deal. The battery-maker’s stock soared 14.51 percent.

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