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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.

Category

Wall Street 30

Sentiment

Bearish

Event

Price movement

Reading time

1 min