Local stocks stagnant in trading on Tuesday

Cortland Bancorp and First Niles Financial closed trading Tuesday in the same spot they closed Monday — $20.99 per share and $11 per share, respectively.

On Wall Street on Tuesday, The market seemed like it was headed for a gain in the morning, after technology stocks recovered from one of their few stumbles this year. But the tech rally lost momentum as the afternoon went on, and losses for telecom stocks and utilities helped cement the S&P 500ás longest losing streak in nearly four months.

The S&P 500 fell 9.87 points, or 0.4 percent, to 2,629.57. It had been up 0.3 percent in the morning, and it marked the second straight day where an early rally ended up petering out. The Dow Jones industrial average lost 109.41.