Dow down triple digits for 1st time since March 8

By Around the Web

(CNBC) — U.S. stocks closed lower Tuesday, following declines in overseas developed markets on soft data, despite gains in oil prices and better U.S. data.

The Dow Jones industrial average closed down about 133 points, its first triple-digit loss since March 8.

Selling accelerated as the close approached, with the Dow briefly off more than 150 points and the S&P 500 tumbling more than 1 percent to temporarily erase gains for the year so far. The S&P closed 1.01 percent lower to hold 0.06 percent higher for 2016.

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