Despite being higher for most of the day, stocks faded in late trading Tuesday and closed with small losses. Oil added to gains. Crude oil settled up 3.53% at $53.98 a barrel. Energy was once again the leading sector and Chevron (CVX) was the leading blue chip. Shares of Axalta (AXTA) got a boost after Warren Buffet’s Berkshire Hathaway (BRKA) acquired a 8.7% stake in the company. Twitter (TWTR) was a big gainer on heavy volume. Barron’s reported the micro-blogging site hired advisors to fend off takeover bids. Q1 earnings season unofficially kicks off Wednesday with Alcoa (AA) reporting. Family Dollar (FDO) and Rite Aid (RAD) are just some of the other companies set to report. Rite Aid closed down 1.7%.
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