US markets close lower for second consecutive day

India Infoline News Service | Mumbai | March 08, 2017 08:52 IST

U.S. equities markets closed lower on Tuesday; S&P 500 fell 6.92 points, or 0.29%, to end at 2368.39; Dow Jones Industrial Average declined 29.58 points, or 0.14%, to close at 20924.76; Nasdaq fell 15.25 points, or 0.26%, to close at 5,833.93.

U.S. equity markets closed lower on Tuesday, wherein S&P 500 fell 6.92 points, or 0.29%, to end at 2368.39; Dow Jones Industrial Average declined 29.58 points, or 0.14%, to close at 20924.76; and Nasdaq fell 15.25 points, or 0.26%, to close at 5,833.93.
 
The Dow Jones industrial average had a narrow trading range of 69.28 points in the session.
 
DJIA and S&P 500 tried to gain in morning session, but fell later, and recorded their first back to back decline since January.
 
The bull run seems to have taken a break, as investors examine the prospects of a tighter monetary policy.  The Fed's monetary policy committee is set to meet between March 14 and 15.
 
The yield on the benchmark 10-year Treasury notes was higher at around 2.51% on Tuesday.
 
U.S. trade deficit jumped to highest level in nearly five years to $48.5 billion, in the month of January.
 
Advance decline ratio for New York Stock Exchange was 1:3, with trade volume of 793.32 million at the close.
 
The CBOE Volatility Index (VIX) traded near 11.5.

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