Stocks close lower on Wall Street, led by tech and banks

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Stocks fell for the second straight day Tuesday, giving up more of their recent gains as Wall Street shifts its focus on a busy week of corporate earnings reports.

The social network’s crackdown on posts that may incite violence raises the question of why it doesn’t do more to discourage abuse all the time.Investors turned defensive, favoring utilities, real estate stocks and a mix of companies that make consumer staples such as food and household products. General Mills rose 1.6% and Clorox added 3%.

The S&P 500 fell 28.32 points to 4,134.94. The Dow Jones industrial average lost 256.33 points, or 0.8%, to 33,821.30. Both the S&P 500 and Dow hit all-time highs Friday. After shedding an early gain, the technology-heavy Nasdaq slid 128.50 points, or 0.9%, to 13,786.27.

 

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