U.S. stocks abruptly changed course again Tuesday and took large losses. Investors worried about the possibility of a weaker global economy and tried to anticipate the Federal Reserve’s plans for interest rates. Energy companies fell with the price of oil after a leading industry group said demand for oil is down more than it previously thought.
On Tuesday :
The Dow Jones industrial average tumbled 258.32 points, or 1.4 percent, to 18,066.75.
The Standard & Poor’s 500 index dropped 32.02 points, or 1.5 percent, to 2,127.02.
The Nasdaq composite shed 56.63 points, or 1.1 percent, to 5,155.25.
For the week:
The Dow is down 18.70 points, or 0.1 percent.
The S&P 500 is down 0.79 points, or 0.04 percent.
The Nasdaq is up 29.35 points, or 0.6 percent.
For the year:
The Dow is up 641.72 points, or 3.7 percent.
The S&P 500 is up 83.08 points, or 4.1 percent.
The Nasdaq is up 147.84 points, or 3 percent.