The Dow held on to late gains to close at a record high on Tuesday, but the Nasdaq and the S&P 500 finished in the red.
The Dow gained 0.04%, while the S&P 500 declined 0.05%, and the Nasdaq fell about 0.3%.
Amazon.com Inc.'s (AMZN) venture into home furnishing caused its competitors' stock to tumble. Wayfair Inc. (W) shares fell about 5%, while Restoration Hardware (RH) shares were down more than 3% after Amazon introduced its Rivet and premium Stone & Beam brands.
Shares of Automatic Data Processing Inc. (ADP) were higher after billionaire activist Bill Ackman lost his bid to shake up the board and massively restructure the company. Ackman had been seeking a minority slate of three seats on ADP's board, including one for himself. However, ADP shareholders voted to re-elect all of the payroll company's directors. According to ADP, Ackman and his two other candidates received support from holders of less than 25% of the company's outstanding shares.
Blue Apron Holdings Inc. (APRN) shares tanked after CEO Matt Salzberg said the company's new fulfillment center in Linden, NJ has been a drag on the company's bottom line. Shares have fallen nearly 70% since the company went public on June 29.
