U.S. stocks pulled back from their records after a sharp escalation of tensions in the Middle East raised worries about potential disruptions to the flow of oil.
The S&P 500 fell 0.9% Tuesday, and the Dow Jones Industrial Average lost 0.4%. Both had set all-time highs the day before. The Nasdaq composite sank 1.5% after paring a bigger loss from earlier in the day like other indexes. The S&P 500 had been down as much as 1.4% during midday trading.
Oil prices jumped amid speculation about the potential response after Iran fired dozens of missiles into Israel. Treasury yields fell.
On Tuesday:
The S&P 500 fell 53.73 points, or 0.9%, to 5,708.75.
The Dow Jones Industrial Average fell 173.18 points, or 0.4%, to 42,156.97.
The Nasdaq composite fell 278.81 points, or 1.5%, to 17,910.36.
The Russell 2000 index of smaller companies fell 32.94 points, or 1.5%, to 2,197.03.
For the week:
The S&P 500 is down 29.42 points, or 0.5%.
The Dow is down 156.03 points, or 0.4%.
The Nasdaq is down 209.23 points, or 1.2%.
The Russell 2000 is down 27.67 points, or 1.2%.
For the year:
The S&P 500 is up 938.92 points, or 19.7%.
The Dow is up 4,467.43 points, or 11.9%.
The Nasdaq is up 2,899.01 points, or 19.3%.
The Russell 2000 is up 169.96 points, or 8.4%.
Before you make your next trade, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis.
Our team has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and none of the big name stocks were on the list.
They believe these five stocks are the five best companies for investors to buy now...
See The Five Stocks Here
Which stocks are major institutional investors including hedge funds and endowments buying in today's market? Click the link below and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying up as quickly as they can.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
