Investors Shake off Weak Retail Figures, Shares Flat

The S&P 500 hovered near the flatline Tuesday as investors assessed the health of the consumer following weak retail sales data.

The Dow Jones Industrials poked up but 1.94 points to 38,780.04.

The much-broader index gained 4.31 points to 5,477.54.

The NASDAQ dipped 24.86 points, to 17,832.16.

Nvidia continued its march toward record-setting highs, gaining about 1%. Some semiconductor stocks rose in sympathy, with Qualcomm and Taiwan Semiconductor last up at least 3% each. Micron Technology gained 6%.

Retail sales rose 0.1% in May, versus the 0.2% growth forecast by economists polled by Dow Jones. Sales rose 2.3% on a year-over-year basis.

Prices for the 10-year Treasury strengthened, lowering yields to 4.24% from Monday’s 4.28%. Treasury prices and yields move in opposite directions.

Oil prices gained $1.11 to $81.44 U.S. a barrel.

Gold prices rose $10.20 to $2,339.20