Stocks End Lower As Energy, Consumer Discretionary Sectors Sell Off

By Anora MahmudovaMarketsMarketWatch Pulse

U.S. stocks closed lower on Tuesday, driven by losses in energy, consumer discretionary and industrials shares. Big oil companies and drillers suffered following a drop in oil prices, with the S&P 500 energy sector closing 1.2% lower. The S&P 500 lost 16.40 points, or 0.7%, to 2,437.06, retreating from its record close set on Monday. The Nasdaq Composite was down 50.98 points, or 0.8%, to 6,188.03. The Dow Jones Industrial Average , which set an intraday record in early trade at 21,467.14, ended the session down 61.85 points, or 0.3%, at 21,467.08. Among the biggest decliners, Chipotle Mexican Grill, Inc. dropped more than 7% to a three-month low as a sales and margin warning prompted some Wall Street analysts to cut their price targets.

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