Stocks lose grip on earlier gains to end lower Tuesday

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 97%

Business News News

Business Business Latest News,Business Business Headlines

Stocks finished lower on Tuesday after failing to hold earlier gains, as the Biden administration made good on threats to ban Russian oil imports in a bid to further pressure Moscow to end its invasion of Ukraine.

As U.S. oil prices CL00, +4.02% finished above $123 a barrel, the highest since 2008, the Dow Jones Industrial Average DJIA, -0.48% gave up about 185 points, or 0.

6%, to end deeper in correction territory around 32,631, a day after entering it for the first time in two years. The S&P 500 index SPX, -0.72% fell about 0.7%, while the battered Nasdaq Composite Index COMP, -0.28% shed 0.3%, a day after it tumbled into bear-market territory.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines