US stocks close lower as Dow falls 0.70%, S&P 500 and Nasdaq slip

  • US stocks ended Tuesday lower across the Dow Jones, S&P 500 and Nasdaq Composite.
  • 0.70% was the Dow’s decline, compared with 0.33% for the S&P 500 and 0.12% for Nasdaq.
  • Energy, financial and industrial losses offset modest technology and healthcare gains.

US stocks ended Tuesday lower across all three major indexes, with the Dow Jones Industrial Average down 0.70%, the S&P 500 off 0.33% and the Nasdaq Composite declining 0.12%. Losses in energy, financial and industrial shares outweighed modest gains in technology and healthcare. Persistent inflation, the prospect of higher interest rates for longer, disappointing earnings guidance, geopolitical tensions and trade uncertainty weighed on sentiment. The 10-year Treasury yield edged higher, putting additional pressure on rate-sensitive stocks, while trading volume was slightly above its recent average. Analysts viewed the move as a possible healthy correction after an earlier rally, but the short-term outlook remained uncertain. The session underscored the importance of diversification, long-term investment goals, strong company fundamentals and attention to risk tolerance.

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US stocks close lower as Dow falls 0.70%, S&P 500 and Nasdaq slip - CoinPost Terminal