Stocks pull back from records to end lower as economic worries rise

/ / News

Stocks ended lower Tuesday after data confirmed a slowdown in retail sales last month and COVID-19 cases continued to rise. The pullback came a day after the Dow Jones Industrial Average and S&P 500 closed at records, in a rally propelled by continued progress toward a vaccine. The Dow on Tuesday fell around 166 points, or 0.6%, to finish near 29,784, according to preliminary figures, while the S&P 500 lost around 17 points, or 0.5%, to close near 3,610. The tech-heavy Nasdaq Composite , which was left behind in the vaccine-inspired rally as investors rotated into economically sensitive stocks that have been left behind during the pandemic, fell around 25 points, or 0.2%, closing near 11,899. October retail sales fell 0.3%, in line with expectations but the smallest rise in six months.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit for more information on this news.