Second half stock market outlook | Overdue for a pullback? | Moderna vaccine shows promise on variants

Stocks were little changed Tuesday even after the release of strong data around home prices and consumer confidence.

VIEW IN BROWSER | SUBSCRIBE TUE, JUN 29, 2021 EVENING BRIEF AS OF TUE, JUN 29, 2021 • 04:47 ET DJIA 34292.29 +0.03% +9.02 S&P 500 4291.80 +0.03% +1.19 NASDAQ 14528.33 +0.19% +27.83   Most Active DOW NAME LAST CHG %CHG AAPL 136.33 +1.55 +1.15% INTC 56.75 -0.73 -1.27% MSFT 271.40 +2.68 +1.00% S&P 500 NAME LAST CHG %CHG GE 13.09 +0.20 +1.55% F 15.01 +0.05 +0.33% AAPL 136.33 +1.55 +1.15% NASDAQ NAME LAST CHG %CHG AAPL 136.33 +1.55 +1.15% AMD 89.52 +2.44 +2.80% INTC 56.75 -0.73 -1.27%   EDITOR'S NOTE Stocks were little changed Tuesday even after the release of strong data around home prices and consumer confidence.   Home prices in April rose 14.6%, according to the S&P CoreLogic Case-Shiller National Home Price Index. Shares of homebuilding company PulteGroup rose 2% after the report was released. The Conference Board's consumer confidence index also came in at its highest level since March 2020.   With the economy rebounding from the pandemic, the S&P 500 is up 14% so far in 2021 with one day left to the second quarter. But stock market history suggests a downturn could be on the way. Tuesday marked the 279th day without a 5% decline from highs in the S&P 500, the 19th longest stretch without a pullback of that magnitude since World War II, according to CFRA.  The average timespan between declines of 5% or greater is 178 calendar days.   "History says, but does not guarantee, that even though CFRA projects the S&P 500 to climb toward 4,444 by year-end, the S&P 500 is overdue for a decline in excess of 5%,"said Sam Stovall, CFRA chief investment strategist. Tanaya Macheel | Markets and Investing Reporter @tanayamac TOP NEWS  Stocks close little changed despite strong readings for home prices and consumer confidence Stocks should add to gains in the second half, but there are two big concerns Home prices surged in April at a 'truly extraordinary' rate, S&P Case-Shiller says Moderna shares rise after it says Covid vaccine shows promise in a lab setting against variants, including delta A key indicator shows we are past peak inflation fear, supporting the stock market rally The U.S. is falling further behind China and Europe in electric vehicle production Breaking down the trillion-dollar club now that Facebook is a member. The best one to own from here JPMorgan is buying an ESG investing platform in bank's third fintech acquisition of the past year United is buying 270 Boeing and Airbus jets, its largest-ever order, for post-Covid growth plan Several longtime Kamala Harris associates shut out as VP's chief of staff keeps tight control over access   TOP VIDEO This analyst breaks down the bull case for Biogen's Alzheimer's drug   CNBC PRO JPMorgan analyst says this is when you'll know the bitcoin bear market may be over   SPECIAL REPORTS 'Great Resignation' gains steam as return-to-work plans take effect Capitalism has gotten 'too short term,' says CEO behind new activist investing ETF   Unsubscribe Manage Newsletters Terms of Service Join the CNBC Panel Digital Products Feedback Privacy Policy   © 2021 CNBC LLC. All rights reserved. A property of NBCUniversal. 900 Sylvan Avenue, Englewood Cliffs, NJ 07632 Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes and Market Data and Analysis. Data also provided by THOMSON REUTERS