Industrial and materials companies led
The slide marked the second decline in a row for the stock market, extending its losses for the month.
Energy stocks also fell as oil prices snapped a six-day winning streak. Utilities, phone companies and other high-dividend stocks were among the biggest gainers. Bond prices rose, sending yields lower.
“The market is kind of on hold until we start getting earnings reports and you start to read the body language on what managements are saying,” said
Small-company stocks did far worse than the rest of the market. The Russell 2000 index gave up 17.75 points, or 1.3 percent, to 1,359.20.
Twice as many stocks fell as rose on the
The yield on the benchmark
“That's indicative of people, once more, taking that opinion of being risk-off, or not willing to make a bet that equity prices are going to be up because of higher earnings to be reported here for the first quarter,” said
Companies are due to begin disclosing their latest quarterly results over the next few weeks, beginning on Thursday with several big banks.
Among the stocks that helped pull the market lower Tuesday was
Industrials sector stocks were the biggest decliner in the S&P 500.
Other laggards in the sector included
Investors bid up shares in
Major stock indexes overseas were mixed.
In other energy trading, wholesale gasoline dipped
Among metals, gold rose
The dollar had been losing ground much of the day, but recovered by midafternoon. By late afternoon, however, the
In late trading, the dollar weakened to
His work can be found at http://bigstory.ap.org/content/alex-veiga