Stocks finished lower on Tuesday after failing to hold earlier gains, as the Biden administration made good on threats to ban Russian oil imports in a bid to further pressure Moscow to end its invasion of Ukraine. As U.S. oil prices finished above $123 a barrel, the highest since 2008, the Dow Jones Industrial Average gave up about 185 points, or 0.6%, to end deeper in correction territory around 32,631, a day after entering it for the first time in two years. The S&P 500 index fell about 0.7%, while the battered Nasdaq Composite Index shed 0.3%, a day after it tumbled into bear-market territory.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
0
0
