Stocks closed lower on Wall Street as traders return from a long holiday weekend. The S&P 500 fell 0.4% Tuesday. The index is coming off its second weekly gain. The Dow lost 0.6% and the Nasdaq slipped 0.1%. Crude oil prices rose. Markets are looking ahead to a quieter week with company earnings reports winding down and just a trickle of government economic reports expected, including data on manufacturing, layoffs and trade.
DUBAI, United Arab Emirates — Saudi Arabia and Russia have agreed to extend their voluntary oil production cuts through the end of the year. The dual announcements from Riyadh and Moscow on Tuesday said the two countries would trim 1.3 million barrels of crude out of the global market. Their move pushed benchmark Brent crude above $90 a barrel in afternoon trading, a price unseen in the market since November.
WASHINGTON — When Congress returns this week, Homeland Security officials and those in the chemical industries will be watching to see if a program regulating the chemical sector will be on its agenda. The Chemical Facility Anti-Terrorism Standards program lets Homeland Security officials regulate security at high-risk chemical facilities. The goal is tracking chemical materials and keeping them away from extremists or other bad actors who want to steal them and turn them into weapons.
___ The S&P 500 fell 18.94 points, or 0.4%, to 4,496.83. The Dow Jones Industrial Average fell 195.74 points, or 0.6%, to 34,641.97. The Nasdaq composite fell 10.86 points, or 0.1%, to 14,020.95. The Russell 2000 index of smaller companies fell 40.38 points, or 2.1%, to 1,880.45. The Associated Press is an independent global news organization dedicated to factual reporting. Founded in 1846, AP today remains the most trusted source of fast, accurate, unbiased news in all formats and the essential provider of the technology and services vital to the news business. More than half the world’s population sees AP journalism every day.