US stocks pare gains, close lower

US stock indices closed lower on Tuesday, and pared their early gains and record highs.

Wall Street was weighed down by profit taking after hitting record highs over the past few sessions.

The International Monetary Fund revealed its projections for the global GDP, which is expected to grow by 6%, thanks to the recovery from the Covid-19 pandemic and the lockdown restrictions.

The IMF added that it expects US GDP to grow by 6.4% in 2021 compared to its previous estimates.

Otherwise, the 10-year US Treasury bond yields fell 1.3% today to 1.665%.

To the oil market, WTI crude April futures rose 1.2% or 68 cents, to close at $ 59.33 a barrel, after hitting a high of $60.9 and a low of $58.6.

Brent May futures rose 0.9% or 59 cents, and closed at $62.74 a barrel, after hitting a high of $64.2 and a low of $62.1.

As for stocks, Dow Jones fell 0.3% or 97 points, and closed at 33,430, with a day high of 33,544, and a low of 33,380.

Nasdaq fell less than 0.1% or 7 points to 13,698, with a high of 13,776 and a low of 13,574 points.

S&P 500 fell 0.1% or 4 points to 4,073, after hitting a high of 4,086 and a low of 4,068.