Stocks End Sharply Lower on BoJ Policy

Stocks tumbled on Tuesday in volatile trading as renewed concerns about central banks easing off their efforts to supportĀ the global e0233. The Standard & Poor’s 500 Index was down 16.68 points, or 1.02 percent, at 1,626.13. The Nasdaq CompositeĀ Index was down 36.82 points, or 1.06 percent, at 3,436.95.

The BOJ decision sparked a further reversal of bets on stocks, emerging-market debt and other assets bolstered by
accommodative monetary policies. Investors have become more nervous in recent weeks over when the U.S. Federal Reserve may
slow its supportive measures.

J.P. Morgan Chase & Co.’s credit rating outlook was revised to negative by Standard & Poor’s ratings agency on Tuesday,
said media reports.

Gold prices ended lower but trimmed losses after dropping to the lowest level in nearly two months Tuesday, with precious
metals caught in a downdraft after the Bank of Japan offered no additional stimulus at its policy meeting and investors
around the world showed mounting concerns over rising short-term interest rates.

Oil futures closed lower on Tuesday following a downbeat monthly forecast from the Organization of the Petroleum Exporting
Countries. Crude oil for July delivery CLN3 -0.80% shed 39 cents, or 0.4%, to settle at $95.38 a barrel on the New York
Mercantile Exchange.

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