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Stocks fell on Wall Street on Tuesday following their best weekly performance of the year as investors faced continued uncertainty in the wake of Britain's decision to leave the European Union and as tumbling oil prices weighed on energy shares.
US government bond yields reached record lows as investors found refuge in the perceived safety of Treasuries and uncertainty from Britain's vote to exit the EU, known as Brexit, fueled worries about a global economic slowdown.
Four of the top five decliners on the S&P 500 were bank stocks, with JPMorgan, down 2.8 percent to USD 59.55, weighing the most. The financial sector of the S&P was down 1.5 percent
The Dow Jones industrial average fell 108.75 points, or 0.61 percent, to 17,840.62, the S&P 500 lost 14.4 points, or 0.68 percent, to 2,088.55 and the Nasdaq Composite dropped 39.67 points, or 0.82 percent, to 4,822.90.
Brent crude fell 3.9 percent and US crude lost 4.5 percent as investors worried that Brexit would slow the global economy, making it unlikely energy demand will grow enough to absorb a persistent supply glut.
The S&P 500 posted 69 new 52-week highs and one new low; the Nasdaq recorded 73 new highs and 30 new lows.
About 6.9 billion shares changed hands in US exchanges, compared with the 7.7 billion daily average over the past 20 sessions.
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US government bond yields reached record lows as investors found refuge in the perceived safety of Treasuries and uncertainty from Britain's vote to exit the EU, known as Brexit, fueled worries about a global economic slowdown.
The Dow Jones industrial average fell 108.75 points, or 0.61 percent, to 17,840.62, the S&P 500 lost 14.4 points, or 0.68 percent, to 2,088.55 and the Nasdaq Composite dropped 39.67 points, or 0.82 percent, to 4,822.90.
Brent crude fell 3.9 percent and US crude lost 4.5 percent as investors worried that Brexit would slow the global economy, making it unlikely energy demand will grow enough to absorb a persistent supply glut.
The S&P 500 posted 69 new 52-week highs and one new low; the Nasdaq recorded 73 new highs and 30 new lows.
About 6.9 billion shares changed hands in US exchanges, compared with the 7.7 billion daily average over the past 20 sessions.
For more information and best STOCK TIPS Call us ✆ – 0731-6642300 or Visit http://ift.tt/1k8NnLH
Connect with our social media sites
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