Stocks end lower, dragged down by utility sector
Specialist Michael McDonnell is reflected in a screen at his post on the floor of the New York Stock Exchange on Friday, March 20, 2015. Credit: AP / Richard Drew
Stocks ended lower for a second straight day Tuesday, dragged down by utility companies. Losses were broad but moderate.
At the close on Wall Street, the Dow Jones industrial average fell nearly 105 points, or about 0.6 percent, to close at 18,011.1. The Standard & Poor's 500 index dipped nearly 13 points, about 0.6 percent, to 2,091.5. The Nasdaq composite lost 16.3 points, about 0.3 percent, to 4,994.7.
All 10 industries that make up the S&P 500 index fell, with utilities down the most.
Crude oil rose 18 cents at the final bell to $47.63 a barrel on the New York Mercantile Exchange.
Government bond prices rose. The yield on the 10-year Treasury note, which moves in the opposite direction from the price, fell to 1.87 percent from 1.91 percent late Monday.
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