Rise in industrial stocks pushes Dow to record high

the Russell is essentially flat.

Ms. Krosby said rising oil and gas prices are also a problem for retailers because they could leave consumers feeling like they have less money to spend over the holiday shopping season.

Automakers fell following their sales updates. GM dipped 2.6 percent to $33.30 and Ford fell 1.3 percent to $9.20, but Toyota added 0.7 percent to $125.71. Auto parts retailers AutoZone fell 1 percent to $762.82.

Automakers had risen Monday as the trade deal with Canada appeared to reduce the chances that the industry will be harmed by tariffs on imported cars. The pact offers protection to Canada if the U.S. does impose tariffs.

Pepsi fell 1.8 percent to $108.72 after it said the stronger dollar will have a bigger effect on its earnings this year. The company is now forecasting a profit of about $5.65 per share in 2018, down from an earlier estimate of $5.70 a share.

Airlines fell after Delta’s projections for the third quarter disappointed Wall Street, and the airline said it lost $30 million due to Hurricane Florence. Delta gave up 3.4 percent to $54.69 while American fell 2.8 percent to $38.50.

Italy’s leaders refused to budge from new spending plans that have worried investors, pushing the eurozone’s third-largest economy on a collision course with its EU partners. Deputy Prime Minister Luigi Di Maio said Tuesday that the government won’t change its plan to increase its deficit to 2.4 percent of GDP.

Separately, the credit ratings agency Moody’s warned that Europe remains highly vulnerable to another economic downturn despite all its firefighting efforts over the past few years.

Oil prices declined slightly after reaching four-year highs on Monday. Benchmark U.S. crude fell 0.1 percent to $75.23 in New York. Brent crude, used to price international oils, slipped 0.2 percent to $84.80 a barrel in London.

Wholesale gasoline was little changed at $2.13 a gallon and heating oil remained at $2.41 a gallon. Natural gas rose 2.3 percent to $3.17 per 1,000 cubic feet.

Gold jumped 1.3 percent to $1,207 an ounce and silver rose 1.3 percent to $14.69 an ounce. Copper gained 0.7 percent to $2.81 a pound.

The dollar fell to 113.69 yen from 113.99 yen. The euro fell to $1.1545 from $1.1575.

Bond prices edged higher. The yield on the 10year Treasury note fell to 3.06 percent from 3.08 percent.