Stocks shed early gains and ended broadly lower on Wall Street Tuesday as investors brace for a big week of news on inflation and company earnings reports.
The S&P 500 fell 0.9 percent, extending its losing streak to a third consecutive day. All of the benchmark index’s 11 company sectors closed in the red.
The Dow Jones Industrial Average slid 0.6 percent, while the Nasdaq lost 0.9 percent.
Technology, health care, and energy stocks accounted for a big share of the S&P 500’s losses. Bond yields mostly fell, as did energy futures.
Clothing company Gap fell 5 percent after announcing that CEO Sonia Syngal is stepping down from her role after two years on the job….