U.S. stocks crept to a record as the S&P 500 nudged higher after a quiet Tuesday of trading. The main measure of Wall Street's health rose 0.2% to finish just above its all-time closing high set last month.

NEW YORK (AP) — Some calm is returning to Wall Street Tuesday, and U.S. stock indexes are making only modest moves in early trading after much of Europe and Asia rose earlier in the day.

Amazon, one of Wall Street’s most influential companies, topped analysts’ expectations for earnings at the end of 2024, but its stock nevertheless fell 4.1%. Investors focused instead on its forecast for upcoming revenue, which fell short of analysts’ expectations.

Stocks are drifting lower although still near a record high as a holiday-shortened week gets off to a sluggish start. The S&P 500 edged 0.1% lower in Tuesday afternoon trading and is just below its all-time closing high set last month.

Major U.S. averages slipped Tuesday afternoon, as investors kicked off the holiday-shortened trading week with attention on geopolitics, and an eye on the market circling record highs. The benchmark S&P 500 (SP500) shed -0.