Stocks closed broadly lower Tuesday, more than erasing the previous day’s gain.
A batch of disappointing company earnings reports sparked the sell-off. Health care companies led the retreat. Materials and technology companies also fell. Energy stocks slumped as crude oil prices declined.
The Dow Jones industrial average fell 200.38 points, or 1.1 per cent, to 18,128.66.
The Standard & Poor’s 500 index lost 26.93 points, or 1.2 per cent, to 2,136.73.
The Nasdaq composite dropped 81.89 points, or 1.5 per cent, to 5,246.79.
For the week:
The Dow is down 111.83 points, or 0.6 per cent.
The S&P 500 is down 17.01 points, or 0.8 per cent.
The Nasdaq is down 45.62 points, or 0.9 per cent.
For the year:
The Dow is up 703.63 points, or 4.0 per cent.
The S&P 500 is up 92.79 points, or 4.5 per cent.
The Nasdaq is up 239.38 points, or 4.8 per cent.