Dow Ends Down 100 Points As Geopolitical Concerns Re-emerge

By Markets MarketWatch Pulse

Stocks sagged Tuesday as Brexit-related uncertainties spooked investors. The Dow Jones Industrial Average declined 108 points, or 0.6%, at 17,840. Shares of J.P. Morgan Chase finished 2.8% lower, leading the blue-chip benchmark in its descent, as bank stocks came under trading pressure. The S&P 500 gave up 14 points, or 0.7%, to 2,088 and the Nasdaq Composite Index declined 39 points, or 0.8%, at 4,822. A nearly 5% decline in crude-oil prices to below $47 a barrel, which contributed to the market's decline, putting pressure on energy-related stocks. Trading action was marked by records lows in benchmark 10-year U.S. Treasury yields , which fell to around 1.36% and a fresh 31-year record low for the British pound against the U.S. dollar in the wake of its decision to exit the European Union, dubbed Brexit. U.S. markets were closed Monday in observance of Independence Day.

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