The Dow Jones Industrial Average was retreating sharply lower on Tuesday, with the blue-chip gauge on pace for its worst single-session decline in about 8 months. The Dow was off nearly 340 points at its nadir, putting it on pace to suffer its steepest slide since May 17, 2017, according to FactSet data, when it fell 373 points or 1.8%. The S&P 500 index and the Nasdaq Composite Index were also facing selling pressure, and threatening to mark the first back-to-back declines for those benchmarks in January. Moves lower come ahead of President Donald Trump’s State of the Union speech later Tuesday and as investors await the conclusion of the Federal Reserve’s two-day policy meeting. Rising yields have contributed to concerns as well, with the 10-year Treasury yield climbing above 2.72% for the first time in three years.
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From:: Stock Market News