Stocks traded in a tight range early Tuesday, but an afternoon downdraft resulted in another mild distribution day for the Nasdaq. The S&P 500 fell 0.6% while the Nasdaq gave up 0.3%. Nasdaq volume rose 2% from Monday’s level. NYSE volume fell less than 1%. Resilience in the small-cap arena encouraged the bulls. The Russell 2000 edged lower by 0.1% while the S&P SmallCap 600 rose a fraction.