Investors sold stocks broadly for a second day on Tuesday as they wait for corporate earnings reports to see whether a recent run-up in prices is justified. The Dow Jones industrial average closed below 17,000, a key level it topped last week for the first time in its 118-year history. Internet stocks were hit hard, with
The Dow Jones industrial average lost 117.59 points, or 0.7 percent, to close at 16,906.62.
The Standard & Poor's 500 index fell 13.94 points, or 0.7 percent, to 1,963.71.
The Nasdaq composite index fell 60.07 points, or 1.4 percent, to 4,391.46.
For the week:
The Dow lost 161.64 points, or 1 percent.
The S&P 500 fell 21.73 points, or 1.1 percent.
The Nasdaq fell 94.46 points, or 2.1 percent.
For the year:
The Dow is up 329.96 points, or 2 percent.
The S&P 500 index is up 115.35 points, or 6.2 percent.
The Nasdaq is up 214.87 points, or 5.1 percent
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