NEW YORK, N.Y. – Stocks fell broadly on Tuesday as commodity prices retreated. Crude oil sank more than 4 per cent. Investors remained worried about growth in China as the country cut the value of its currency against the dollar yet again.
The Dow Jones industrial average fell 188.88 points, or 1.1 per cent, to 16,431.78.
The Standard & Poor’s 500 index lost 24.23 points, or 1.3 per cent, to 1,921.27.
The Nasdaq composite index fell 67.02 points, or 1.5 per cent, to 4,503.58.
For the week:
The Dow is up 39.79 points, or 0.2 per cent.
The S&P 500 is up 3.49 points, or 0.2 per cent.
The Nasdaq down 0.85 points, or less than 0.1 per cent.
For the year:
The Dow is down 993.25 points, or 5.7 per cent.
The S&P 500 is down 122.67 points, or 6 per cent.
The Nasdaq is down 503.83 points, or 10.1 per cent.