S&P 500 Index opens lower following five-day rally

• Wall Street's main indexes trade in the negative territory.
• All major sectors edge lower after the opening bell on Tuesday.
• Focus shifts to Conference Board's Consumer Confidence Index data.

Major equity indexes in the US opened in the negative territory after managing to register gains on Monday. The S&P 500 Index, which touched a new all-time high of 4,422 on Monday, is currently losing 0.5% at 4,399, the Dow Jones Industrial Average is down 0.73% at 34,888 and the Nasdaq Composite is falling 0.33% at 15,080.

Earlier in the day, the data published by the US Census Bureau showed that Durable Goods Orders increased by 0.8% on a monthly basis in June, compared to the market expectation of 2.1%. Later in the session, the Conference Board's Consumer Confidence Index data for July will be looked upon for fresh impetus.

Meanwhile, all major sectors of the S&P 500 edge lower after the opening bell on Tuesday. At the moment, the Energy Index is the worst performer, losing 1.5% on the day. On the other hand, the Real Estate Index is losing only 0.07%. 

S&P 500 chart (daily)