Stocks close sharply lower, Dow drops 119 points

Nasdaq composite index also fell 18.32 points
Stocks close sharply lower, Dow drops 119 points

Image Credits: Rafael Matsunaga / Flickr

by Ed Brackett| USA Today | June 24, 2014


Stocks gave up early gains and closed sharply lower Tuesday as the major indexes pulled back from near record levels.

The Dow Jones industrial average fell 119.13 points, or 0.7%, to 16,818.13. The blue-chip index is down from its record closing high of 16,947.08 set Friday.

The Standard & Poor’s 500 index dropped 12.63 points, or 0.6%, to 1949.98 and the Nasdaq composite index fell 18.32 points, or 0.4%, to 4350.36.

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