Stocks were little changed Tuesday even after the release of strong data around home prices and consumer confidence.
 | TUE, JUN 29, 2021 | | | | DOW | | NAME | LAST | CHG | %CHG | | AAPL | 136.33 | +1.55 | +1.15% | | INTC | 56.75 | -0.73 | -1.27% | | MSFT | 271.40 | +2.68 | +1.00% | |
| | S&P 500 | | NAME | LAST | CHG | %CHG | | GE | 13.09 | +0.20 | +1.55% | | F | 15.01 | +0.05 | +0.33% | | AAPL | 136.33 | +1.55 | +1.15% | |
| | NASDAQ | | NAME | LAST | CHG | %CHG | | AAPL | 136.33 | +1.55 | +1.15% | | AMD | 89.52 | +2.44 | +2.80% | | INTC | 56.75 | -0.73 | -1.27% | |
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Stocks were little changed Tuesday even after the release of strong data around home prices and consumer confidence. Home prices in April rose 14.6%, according to the S&P CoreLogic Case-Shiller National Home Price Index. Shares of homebuilding company PulteGroup rose 2% after the report was released. The Conference Board's consumer confidence index also came in at its highest level since March 2020. With the economy rebounding from the pandemic, the S&P 500 is up 14% so far in 2021 with one day left to the second quarter. But stock market history suggests a downturn could be on the way.
Tuesday marked the 279th day without a 5% decline from highs in the S&P 500, the 19th longest stretch without a pullback of that magnitude since World War II, according to CFRA.
 The average timespan between declines of 5% or greater is 178 calendar days. "History says, but does not guarantee, that even though CFRA projects the S&P 500 to climb toward 4,444 by year-end, the S&P 500 is overdue for a decline in excess of 5%,"said Sam Stovall, CFRA chief investment strategist. |
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