US stock market ends the day lower, led by utility stocks

NEW YORK, N.Y. – U.S. stocks ended lower for a second straight day, dragged down by utility companies.

Losses were broad but moderate. The Dow Jones industrial average fell 104 points, or 0.6 per cent, to close at 18,011 on Tuesday. The Standard & Poor’s 500 index dipped 12 points, also 0.6 per cent, to 2,091. All 10 industries that make up the index fell, with utilities down the most. The Nasdaq lost 16 points, or 0.3 per cent, to 4,994.

Crude oil rose 6 cents to $47.51 a barrel in New York as traders anticipated the release of weekly supply information.

Government bond prices rose. The yield on the 10-year Treasury note, which moves in the opposite direction from the price, fell to 1.87 per cent from 1.91 per cent late Monday.

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