• Reuters

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U.S. stocks edged lower on Tuesday, with major indexes pulling back from record levels as the recent rally lost steam, and the trend of modest moves and low volume continued heading into the final trading day of the year.

Despite the modest move lower, the day’s losses were broad, with 8 of the 10 primary S&P 500 sectors in the red. Utilities — 2014’s best sector performer -— led the decline with a drop of 1.7 percent. Financials and materials managed to move just above the unchanged mark.

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