Wall Street closes lower as virus spike hits travel stocks
Stocks on Wall Street fell for a second straight day on Tuesday as a global spike in coronavirus cases hit travel-related shares and investors had second thoughts about big U.S. banks' apparently stellar earnings last week.
The Dow Jones Industrial Average (.DJI) fell 0.75% to 33,821.3. The S&P 500 (.SPX) shed 0.68% to 4,134.94 and the Nasdaq Composite (.IXIC) dropped 0.92% to 13,786.27.
It was the first back-to-back declines for the S&P since the end of March.
Volume on U.S. exchanges was 10.21 billion shares, compared with the 10.59 billion average for the full session over the last 20 trading days.
Some of the recent optimism about the leisure industry has waned as the reopening might take a bit longer than initially thought, said Michael James, managing director of equity trading at Wedbush Securities in Los Angeles.
A leading epidemiologist at the World Health Organization said on Monday the latest rise in COVID-19 infections worldwide reflected increases among all age groups.
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