Wall Street slips on Tuesday weighed by weak commodities

Major equity indexes with the exception the Nasdaq Composite performed poorly on Tuesday as the continuous selling pressure on commodities, including gold and crude oil, hurt the shares of materials producers, while the equity and fixed-income volatility remained near 23-year lows.

• Forex today: investors get behind the greenback while odds of a Fed hike increase for June

After setting a new record high for the second straight session, the S&P 500 reversed course and lost 2 points, or 0.08%, to 2,393 points. The Dow Jones Industrial Average slipped 36.5 points, or 0.17%, to 20,975.78. Fueled by the Apple Inc's solid performance, the Nasdaq Composite Index gained 17.93 points, or 0.29%, to 6,120.59. "Apple Inc became the first U.S. company to top the $800 billion mark in market capitalization on Tuesday, slightly more than two years after it crossed the $700 billion threshold," Reuters reported on Tuesday.

Headlines from the U.S. session:

• Fed's Kaplan: Baseline view is still three rate hikes for 2017
• US Commerce Sec. Ross: Dollar is not too strong, other currencies are too weak
• North Korea's UK Ambassador: We are ready to turn to ashes any available strategic assets of the U.S. - Sky News
• WTI struggles to hold above $46 ahead of API stock report
• FED's Rosengren: U.S. unemployment drop below 4 pct would overheat economy, prompt higher rates
• Fed speakers have given mixed messages to the market - UOB
• EIA increases 2017 U.S. crude output forecast, lowers 2018 - Reuters
• Fed's George: Falling jobless rate means adjusting monetary policy is of 'paramount importance'