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Stocks edged lower Tuesday as a selloff that has engulfed Wall Street in recent weeks resumed after two straight winning sessions.
The Dow Jones Industrials sank 313.05 points to 41,528.51
The S&P 500 docked 62 points, or 1.1%, to 5,613.11
The NASDAQ plummeted 281.98 points, or 1.6%, to 17,526.68
Tesla, one of the stocks hardest hit during the market’s recent correction, was down yet again on Tuesday. The stock fell almost 4% after RBC Capital Markets lowered its price target on the electric vehicle name, citing rising competition in the EV space. It’s declined 35% over the past month.
The EV-maker wasn’t the only tech name down during the session. Shares of Palantir and Nvidia dropped more than 3% and 2%, respectively.
Those moves follow a second-straight winning session on Wall Street. That marks a turn after several tough weeks on Wall Street as some soft economic data and President Donald Trump’s on-again-off-again tariff policy left investors wary of the U.S.’ financial health.
Prices for the 10-year Treasury eked lower Tuesday, lowering yields to 4.31% from Monday’s 4.30%. Treasury prices and yields move in opposite directions.
Oil prices removed 41 cents to $67.17 U.S. a barrel.
Prices for gold hiked $33.30 an ounce to $3,039.40 U.S.
