(CNBC) — U.S. stocks declined on Tuesday, with the S&P 500 retreating from its record, as news from China hit commodity prices, concern about Ukraine lingered and investors awaited signals on the direction of the economy.
"Equities are in a holding pattern around all-time highs, and are likely to be so for the next couple of weeks as investors wait for some clarity on the economy. We need another round of economic readings to get a better measure on the pace of economic growth," said Terry Sandven, chief equity strategist at U.S. Bank Wealth Management.
On Monday, stocks fell as a deceleration in China's exports had investors concerned about the global economy.
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