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Stocks edged lower Tuesday as a selloff that has engulfed Wall Street in recent weeks resumed after two straight winning sessions.
The Dow Jones Industrials sank 171.25 points to 41,670.38,
The S&P 500 docked 54.09 points, or 1%, to 5,621.02
The NASDAQ plummeted 299.76 points, or 1.7%, to 17,508.90.
Tesla, one of the stocks hardest hit during the market’s recent correction, was down yet again on Tuesday. The stock fell 5% after RBC Capital Markets lowered its price target on the electric vehicle name, citing rising competition in the EV space. It’s declined 36% over the past month.
Those moves follow a second-straight winning session on Wall Street. That marks a turn after several tough weeks on Wall Street as some soft economic data and President Donald Trump’s on-again-off-again tariff policy left investors wary of the U.S.’ financial health.
Prices for the 10-year Treasury eked lower Tuesday, lowering yields to 4.31% from Monday’s 4.30%. Treasury prices and yields move in opposite directions.
Oil prices added 12 cents to $67.70 U.S. a barrel.
Prices for gold hiked $29.10 an ounce to $3,035.20 U.S.
