U.S. stocks close lower on sell-off

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The Dow Jones industrial average rose 72 points, or 0.3 percent, to 26,149.

NASDAQ measures a number of indices reflecting the reaction of USA's high tech markets and business environments on the country's political and economic developments which have an impact on high tech markets. Leading indices in Europe and Asia also closed deep in the red.

After such a promising end to last week where the Dow rallied 200 points to a fresh record close, trading on Monday couldn't have been more different. Apple Inc. lost as much as 2.6 per cent on concern about iPhone demand, while energy shares fell along with oil as the dollar strengthened.

Yesterday's falls came shortly after senior executives at Goldman Sachs and Bank...

The S&P 500 Healthcare index was the day's biggest loser among the 11 major sectors, dropping by 2.13 percent.

Investors were phased by the two day decline on Wall Street, as Gennadiy Goldberg, interest rates strategist at TD Securities in NY said this pushed people in to the arms of the safety of U.S. government bonds. The Nasdaq Composite closed at 7,402.48 for a loss of -64.02 points or -0.86%.

Wall Street stocks tumbled for a second straight session Tuesday, with the Dow posting the largest decline since May, as health care shares sank on worries about Amazon's push into the sector.

"The upcoming results should provide further evidence of a strong earnings season under way", Peter Cardillo, chief market economist at First Standard Financial in NY, wrote in a client note.


The CBOE Volatility index, widely considered the best fear gauge in the stock market, rose 6.86 percent to 14.79.

Robert Pavlik, chief investment strategist at SlateStone Wealth, said: "I think despite this selloff, all indications point to a firming economy and I do expect to see some bargain hunters step in soon".

It was a rocky start to an action-packed week, which will feature U.S. President Donald Trump's first official State of the Union speech late Tuesday.

The Russell 2000 is down 33.08 points, or 2.1 percent.

USA stock index futures drifted higher late on Tuesday as Trump gave his State of the Union address.

Among earnings, shares of Harley-Davidson dropped 5.4 percent after the motorcycle maker forecast a drop in shipments this year. 17 and its worst two-session percentage slump since September 9, 2016.

Apple was down another 1.1 percent in premarket trading on Tuesday, still feeling the effects of news that the company will halve production of its $999 iPhone X smartphone.

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