U.S. stocks finish mostly lower as bank shares slide


U.S. stocks finished mostly lower on Tuesday, with only the tech-heavy Nasdaq Composite clinging to gains, as poor retailer earnings, rising Treasury yields and a slew of bank downgrades weighed on stocks. The S&P 500 SPX, -0.28% fell by 12.13 points, or 0.3%, to 4,387.63, according to preliminary closing data from FactSet. The Nasdaq Composite COMP, +0.06% gained 8.28 points, or 0.1%, to 13,505.87. The Dow Jones Industrial Average DJIA, -0.51% fell by 174.72 points, or 0.5%, to 34,288.97. A gauge of bank stocks also finished lower as S&P Global downgraded several midsize U.S. banks. Meanwhile, investors were looking ahead to earnings from Nvidia Corp., due out after the bell on Wednesday, and a speech later this week from Federal Reserve Chairman Jerome Powell.

This article was originally published by Marketwatch.com. Read the original article here.

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