Stocks Ended Lower, Oil Prices Fell

U.S. stocks ended lower on Tuesday as a drop in crude oil prices hit energy stocks. The Dow Jones Industrial Average fell 30.23 points, or 0.13%, to 23,409.47. The S&P 500 lost 5.97 points, or 0.23%, to 2,578.87. The Nasdaq Composite dropped 19.72 points, or 0.29%, to 6,737.87.

Oil prices fell for a third day in a row on Tuesday on forecasts for rising U.S. crude output and a gloomier outlook for global demand growth in a report from the International Energy Agency (IEA). Brent futures fell 95 cents, or 1.5%, to settle at $62.21 a barrel, while U.S. West Texas Intermediate (WTI) crude lost $1.06, or 1.9%, to end at $55.70 a barrel.