NEW YORK, N.Y. – U.S. stocks slumped Tuesday as investors grew fearful over the health of the British financial system. Looking for safety, they flocked to Treasury notes and pushed the yields on long-term government bonds to all-time lows. Energy companies took the biggest losses as oil prices tumbled.
The Dow Jones industrial average gave up 108.75 points, or 0.6 per cent, to 17,840.62.
The Standard & Poor’s 500 index shed 14.40 points, or 0.7 per cent, to 2,088.55.
The Nasdaq composite declined 39.67 points, or 0.8 per cent, to 4,822.90.
For the year:
The Dow is up 415.59 points, or 2.4 per cent.
The S&P 500 is up 44.61 points, or 2.2 per cent.
The Nasdaq is down 184.51 points, or 3.7 per cent.