The U.S. stock market ended slightly lower Tuesday, avoiding the sharp declines that occurred in Europe and Asia thanks to a rally in beaten-down energy companies. Energy shares rebounded after the price of oil bounced back from a five-year low.
The Dow Jones industrial average lost 51 points, or 0.3 per cent, to 17,801.20.
The Standard & Poor’s 500 index fell 0.49 of a point, or 0.02 per cent, to 2,059.82
The Nasdaq composite rose 25.77 points, or 0.5 per cent, to 4,766.47.
For the week:
The Dow is down 157.59 points, or 0.9 per cent.
The S&P 500 is down 15.55 points, or 0.8 per cent.
The Nasdaq is down 14.29 points, or 0.3 per cent.
For the year:
The Dow is up 1,224.54 points, or 7.4 per cent.
The S&P 500 index is up 211.46 points, or 11.4 per cent.
The Nasdaq is up 589.88 points, or 14.1 per cent.