NEW YORK, N.Y. – Stocks fell across industries on Tuesday, erasing gains from a rally a day earlier, as investors sifted through economic reports for clues as to when the era of low interest rates may end. Nine of 10 sectors of the Standard and Poor’s 500 closed lower. Consumer goods companies and utilities fell the most.
The Dow Jones industrial average lost 180.73 points, or 1 per cent, to 17,529.98.
The S&P 500 index gave up 19.45 points, or 0.9 per cent, to 2,047.21.
The Nasdaq composite pulled back 59.73 points, or 1.3 per cent, to 4,715.73.
For the week:
The Dow is down 5.34 points, or less than 0.1 per cent.
The S&P 500 is up 0.60 points, or less than 0.1 per cent.
The Nasdaq is down 1.94 points, or less than 0.1 per cent.
For the year:
The Dow is up 104.95 points, or 0.6 per cent.
The S&P 500 is up 3.27 points, or 0.2 per cent.
The Nasdaq is down 291.68 points, or 5.8 per cent.