Wall Street slips as energy, financials lose ground

US stocks inched lower on Tuesday, with the S&P 500 retreating slightly from a record, as weakness in the energy and financial sectors outweighed gains in technology shares.

Oil prices fell to keep U.S. crude below the $50 a barrel mark on concerns output cuts by the world's big exporters may not be sufficient to lessen a global glut and signs of resurgent output in Libya.

The Dow Jones Industrial Average fell 50.81 points, or 0.24 percent, to 21,029.47, the S&P 500 lost 2.91 points, or 0.12 percent, to 2,412.91 and the Nasdaq Composite dropped 7.01 points, or 0.11 percent, to 6,203.19.

The technology sector rose 0.31 percent, boosted by gains in Apple and Microsoft , both up 0.6 percent.

Amazon was up 0.1 percent at $996.70, after briefly crossing the $1,000 mark. Alphabet's Class A shares were close behind, hitting a record of $997.62 before ending the session up 0.3 percent at $996.17.

The S&P 500 posted 28 new 52-week highs and 11 new lows; the Nasdaq Composite recorded 82 new highs and 70 new lows.

About 5.68 billion shares changed hands in U.S. exchanges, below the 6.69 billion daily average over the last 20 sessions.

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