U.S. stocks closed out their ugly April with even more losses, cementing the market’s worst month since September.
The S&P 500 fell 1.6 percent Tuesday to pull it further from its record set at the end of March. The Dow Jones Industrial Average dropped 1.5 percent, and the Nasdaq composite sank 2 percent.
Treasury yields rose again to up the pressure on stocks after a report showed workers won bigger gains in pay and benefits during the start of the year than expected. Such hotter-than-expected data has diminished traders’ expectations for how many times the Federal Reserve may cut interest rates this year.
On Tuesday:
The S&P 500 fell 80.48 points, or 1.6 percent, to 5,035.69.
The Dow Jones Industrial Average fell 570.17 points, or 1.5 percent, to 37,815.92.
The Nasdaq composite fell 325.26 points, or 2 percent, to 15,657.82.
The Russell 2000 index of smaller companies fell 42.12 points, or 2.1 percent, to 1,973.91.
For the week:
The S&P 500 is down 64.27 points, or 4.2 percent.
The Dow is down 423.74 points, or 5 percent.
The Nasdaq is down 270.08 points, or 4.4 percent.
The Russell 2000 is down 28.09 points, or 7.1 percent.
For the year:
The S&P 500 is up 265.86 points, or 5.6 percent.
The Dow is up 126.38 points, or 0.3 percent.
The Nasdaq is up 646.47 points, or 4.3 percent.
The Russell 2000 is down 53.17 points, or 2.6 percent.
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