How major US stock indexes fared Tuesday
Banks led stocks modestly lower on Wall Street Tuesday, erasing some of the markets’ gains from a big rally a day earlier.
Investors worried that the long-running trade war between the U.S. and China could lead to a recession piled into U.S. government bonds, which sent long-term yields once again falling below short-term ones, a rare phenomenon that has correctly predicted previous recessions.
The S&P 500 fell 9.22 points, or 0.3%, to 2,869.16.
The Dow Jones Industrial Average dropped 120.93 points, or 0.5%, to 25,777.90.
The Nasdaq slid 26.79 points, or 0.3%, to 7,826.95.
The Russell 2000 index of smaller company stocks gave up 19.96 points, or 1.4%, to 1,456.04.
For the week:
The S&P 500 is up 22.05 points, or 0.8%.
The Dow is up 149 points, or 0.6%.
The Nasdaq is up 75.18 points, or 1%.
The Russell 2000 is down 3.45 points, or 0.2%.
For the year:
The S&P 500 is up 362.31 points, or 14.5%.
The Dow is up 2,450.44 points, or 10.5%.
The Nasdaq is up 1,191.67 points, or 18%.
The Russell 2000 is up 107.48 points, or 8%.