A late slump left stocks broadly lower on Wall Street Tuesday, while cautious investors continued to push money into Treasurys and gold, driving the precious metal to another all-time high.
Weak earnings from several big U.S. companies also dampened the mood. Weakness in technology stocks pulled the Nasdaq down more than the rest of the market. McDonald’s dropped after reporting earnings for the spring that were weaker than analysts had forecast.
The S&P 500 fell 20.97 points, or 0.6%, to 3,218.44.
The Dow Jones Industrial Average dropped 205.49 points, or 0.8%, to 26,379.28.
The Nasdaq composite lost 134.18 points, or 1.3%, to 10,402.09.
The Russell 2000 index of small company stocks gave up 14.90 points, or 1%, to 1,469.76.