U.S. stocks lower at close of trade; Dow Jones Industrial Average down 0.63%
U.S. stock indices finished lower on Tuesday, dragged down by notable losses across the Consumer Services, Utilities, and Consumer Goods sectors. The Dow Jones Industrial Average dropped 0.63% (or 328.63 points) to close at 52,092.57, while the S&P 500 fell 0.45% to 7,585.68, and the NASDAQ Composite lost 0.78% to finish at 25,981.57. Within the Dow, Chevron Corp led the gainers by climbing 2.64% to hit an all-time high of $217.77, supported by a sharp surge in crude oil futures. 3M Company and Honeywell International also gained 1.64% and 1.02%, respectively. Conversely, Nike fell 2.24% to reach fresh five-year lows of $36.22, while Amazon and Walt Disney both shed roughly 2.0%. Market breadth was broadly negative, with declining stocks heavily outpacing advancers on both the NYSE and Nasdaq. The CBOE Volatility Index (VIX) ticked up 0.64% to 17.21, reflecting rising investor caution ahead of upcoming Federal Reserve monetary policy decisions amid rising Treasury yields and elevated energy prices.