(CNBC) -- The S&P 500 slipped slightly from a record high on Tuesday as Wall Street geared up for the heart of corporate earnings season including reports from a slew of blue-chip companies and major tech players.
The broad equity benchmark dipped 0.2% to 3,849.62 after hitting a new intraday record earlier in the session. The Dow Jones Industrial Average dipped 22.96 points, or 0.1%, to 30,937.04. At one point, the 30-stock gauge traded more than 150 points higher. The Nasdaq Composite fell 0.1% from a record high to 13,626.06.
General Electric shares jumped 2.7% on its better-than-expected industrial free cash flow for the fourth quarter and a rosy outlook for the year. Johnson & Johnson popped more than 2% after the drugmaker’s earnings topped expectations. 3M also jumped 3.3% after strong results.
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