The Dow Jones Industrial Average fell 68.3 points, or 0.22%, to 30,335.67, the S&P 500 lost 8.32 points, or 0.22%, to 3,727.04 and the Nasdaq Composite dropped 49.20 points, or 0.38%, to 12,850.22. European stocks extended their year-end rally to close at a 10-month high. MSCI's gauge of stocks across the globe gained 0.33%. Emerging market stocks rose 1.12%. MSCI's broadest index of Asia-Pacific shares outside Japan closed 1.07% higher, while Japan's Nikkei rose 2.66%.
NEW YORK: Wall Street lost ground on Tuesday, retreating from intraday highs, while oil prices gained ground as investors looked to Washington for signs that an enhanced stimulus package would pass a U.S. Senate vote.
All three major U.S. stock indexes oscillated, at one point following the MSCI World Stocks index to record intraday highs, but ended the session in negative territory as market participants balanced near-term challenges with longer-term hopes for economic recovery and a return to healthy demand.
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