NEW YORK: Stocks fell Tuesday, trimming a second month of gains, as investors worried central banks would not come through with enough stimulus to bolster the global economy.
“There’s a lot more coming (up): the Federal Reserve policy meeting, then the European Central Bank, and job numbers at the end of the week,” said Scott Brown, chief economist at Raymond James & Associates. The euro region has two options: become more fiscally unified or break apart, analysts said.
The Dow Jones industrial average fell 64.33 points, or 0.5 percent, to 13,008.68, up 1 percent month-to-date. The S&P 500 index lost 5.98 points, or 0.4 percent, to 1,379.32, giving it a 1.3 percent rise from the end of June.
The Nasdaq composite shed 6.32 points, or 0.2 percent, to 2,939.52.
