Wall Street Ends Mostly Lower After Another Volatile Day

Pedestrians pass the New York Stock Exchange in the Manhattan borough of New York on May 5, 2022. John Minchillo/AP Photo

Another volatile run on Wall Street left stocks lower Tuesday, extending the market’s recent losses as traders brace for updates on inflation and corporate earnings.

The S&P 500 fell 0.7 percent, marking its fifth straight loss. The benchmark index had been down as much as 1.2 percent in the early going after a dour forecast from the International Monetary Fund stoked recession fears. It then gained as much as 0.8 percent before a late-afternoon reversal.