U.S. stocks ended sharply lower Tuesday as investors sought safe-haven assets amid recession concerns and increased market volatility. The Dow Jones Industrial Average dropped around 350 points to close 1% lower:
U.S. stocks ended sharply lower Tuesday, with the S&P 500 falling for a fourth straight day, as investors sought safe-haven assets amid recession concerns and increased market volatility. The Dow Jones Industrial Average DJIA, -1.03% dropped around 350 points to close 1% lower, while the S&P 500 fell SPX, -1.44% 1.4% and the Nasdaq Composite COMP, -2.00% sank 2%, according to preliminary data from FactSet.
Energy was the hardest hit sector of the S&P 500, followed by communication-services, information-technology and consumer-discretionary shares, FactSet data show. Utilities, a defensive area of the stock market, was the sole sector of the S&P 500 to finish with gains, rising around 0.7%. The yield on the 10-year Treasury note, a safe haven asset, fell 8.6 basis points to 3.512%, according to Dow Jones Market Data. Treasury yields and prices move in opposite directions.
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Emperor king's top secret assassination letter finally decrypted after 500 yearsHarry is a U.K.-based staff writer at Live Science. He studied Marine Biology at the University of Exeter (Penryn campus) and after graduating started his own blog site 'Marine Madness,' which he continues to run with other ocean enthusiasts. He is also interested in evolution, climate change, robots, space exploration, environmental conservation and anything that's been fossilized. When not at work he can be found watching sci-fi films, playing old Pokemon games or running (probably slower than he'd like).
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