Stocks end lower on Wall Street after another volatile day
Stocks open sharply lower again on Wall Street Tuesday.[MGN]
Stocks closed lower on Wall Street Tuesday after another volatile day of trading. Technology companies like Microsoft were again the biggest drag on the market.
The S&P 500 gave up 1.2%, but clawed back much of a midday drop after being down as much as 2.8%. The index has been falling steadily all month and is now down 9.2% from the record high it set on the first trading day of the year.
The Nasdaq fell 2.3%. The Dow Industrials Average declined 0.2%.
Markets have been jittery over rising inflation and worries that the Federal Reserve’s actions to fight it will either be too late or too aggressive.