U.S. stocks dragged lower by GE, energy sector.
U.S. stocks finished lower on Tuesday, as shares of GE plunged to their lowest level since 2011 amid broad declines in primary industry and telecom.
The large-cap S&P 500 Index (NYSEARCA:SPY) fell 0.2% to close at 2,578.87. Eight of 11 sectors finished in negative territory,o with energy, materials and telecommunications declining by at least 1.1%.
Other sectors to end in red included healthcare, industrials and information technology.
The Dow Jones Industrial Average (NYSEARCA:DIA) closed down 30.23 points, or 0.1%, at 23,409.47. The technology-laden Nasdaq Composite Index (NYSEARCA:QQQ) declined 0.3% to finish at 6,737.87.
A measure of implied volatility known as the CBOE VIX (NYSEARCA:VXX) rose for a sixth time in seven days to reach fresh two-month highs. The fear gauge climbed 0.9% to settle at 11.59, on a scale of 1-100 where 20 represents the historic mean.
In commodities, oil prices suffered broad declines after the American Petroleum Institute (API) reported a large build up of commercial crude inventories. Commercial crude stockpiles rose by 2.4 million barrels for the week ending Nov. 10, confounding expectations of a 1.1 million-barrel drop.
U.S. West Texas Intermediate (WTI) for December settlement fell $1.76, or 3.1%, to $55.00 a barrel. ICE Brent futures, which are traded globally, declined $1.65, or 2.6%, to $61.51 a barrel.
The Final Word: Investors are gearing up for a more active second half of the week headlined by high-profile economic data. Reports on retail sales, consumer spending and industrial production will make headlines throughout the latter half of the week.