Snap drops 8.9% on a listless day

Wall Street had another day of listless trading Tuesday, with major stock indexes finishing nearly flat.

Gains in energy and technology companies were canceled out by losses among banks, phone companies and other sectors.

Snap, the Los Angeles company behind disappearing-message app Snapchat, slumped 8.9% to $15.47 the day after it closed below its IPO price of $17.

Overall, investors were making modest moves ahead of Federal Reserve chief Janet L. Yellen's testimony before Congress on Wednesday and Thursday, and the release of the Fed's Beige Book, an economic snapshot used by the central bank to gauge U.S. economic trends.

Nine of the 11 industry groups in the Standard & Poor’s 500 index declined.

Bond prices rose. The yield on the 10-year Treasury note fell to 2.36% from 2.38%.

The major indexes got off to an uneven start, then veered sharply lower as news broke that President Trump's oldest son, Donald Trump Jr., had released an email chain from last year that shows the Trump scion discussing plans to hear damaging information on Hillary Clinton from what was described to him as a Russian government effort to aid his father's campaign.

The news stoked investor worries over whether the headlines could intensify political uncertainty in Washington and delay businessfriendly policy initiatives. But the market mostly bounced back by day’s end.

Investors were also looking ahead to the corporate earnings reporting season, which ramps up this week.

Energy-sector companies led the gainers Tuesday. Devon Energy rose 2.7% to $30.53. Newfield Exploration advanced 1.8% to $26.83.

Financial firms fared the worst. T. Rowe Price Group slid 2.5% to $75.16. Invesco declined 2.1% to $35.72.

PepsiCo reported betterthan-expected quarterly results as higher prices for drinks and snacks boosted profit and revenue. Sales volumes in North America were soft, however. PepsiCo shares fell 0.5% to $113.74.

Rent-A-Center climbed 8.9% to $12.09 after the rentto-own company’s board of directors rejected a takeover offer of $15 a share from Vintage Capital Management.

Energy futures closed broadly higher. Benchmark U.S. crude rose 1.4% to $45.04 a barrel. Brent crude rose 1.4% to $47.52 a barrel.

Wholesale gasoline increased 2 cents to $1.52 a gallon. Heating oil rose 2 cents to $1.48 a gallon. Natural gas rose 12 cents, or 4%, to $3.05 per 1,000 cubic feet.

Gold rose $1.50 to $1,214.70 an ounce. Silver rose 12 cents to $15.75 an ounce. Copper rose 2 cents to $2.67 a pound.

The dollar fell to 113.84 yen from 114.05 yen. The euro rose to $1.1476 from $1.1403.