NEW YORK - Wall Street stocks tumbled on Tuesday , with the Nasdaq pulling back from a record as the equity rally paused amid surging US coronavirus cases.
The Dow Jones Industrial Average shed 1.5 per cent to 25,890.18, while the S&P 500 dropped 1.1 per cent to 3,145.32. But in media interviews, Atlanta Federal Reserve president Raphael Bostic and Cleveland Federal Reserve president Loretta Mester both expressed concerns that rising Covid-19 infections were slowing the economic recovery.Sectors with big losses included large banks like JPMorgan Chase and Citigroup, both down around 3 per cent, and industrial companies such as Boeing and Caterpillar, which fell 4.8 per cent and 1.7 per cent, respectively.