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Dow ends nearly 250 points lower, stock-market rally pauses ahead of Fed testimony

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U.S. stocks closed lower on Tuesday, the first day of trading after the long federal Juneteenth holiday. The Dow Jones Industrial Average fell about 245...

U.S. stocks closed lower on Tuesday, the first day of trading after the long federal Juneteenth holiday. The Dow Jones Industrial Average DJIA, -0.72% fell about 245 points, or 0.7%, ending near 34,053, while the S&P 500 index SPX, -0.47% closed about 0.5% lower and the Nasdaq Composite Index COMP, -0.16% shed 0.2%, according to preliminary FactSet figures.

Stocks were lower to start the week, after the S&P 500 on Friday booked a fifth straight week of gains and stocks recently touched their highest level in more than a year.

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