(CNBC) — The Dow Jones Industrial Average fell nearly 200 points on Tuesday as traders assessed a spike in oil prices and what that could mean for the global economy.
The Dow dropped 198.77 points, or 0.59% to close at 33,402.38. The S&P 500 declined by 0.58% to end the session at 4,100.60. Both indexes snapped a four-day win streak. The Nasdaq Composite slipped 0.52%, closing at 12,126.33.
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The market losses followed the latest job openings report. In February, the number of available positions dropped below 10 million for the first time in nearly two years, a sign the once-hot labor market supporting the economy is starting to slow.
