Stocks Ended Sharply Lower, Dow Dropped over 630 Points

U.S. stocks ended sharply lower on Tuesday, driving the major indexes to their lowest levels in about two weeks, as oil prices extended declines. The Dow Jones Industrial Average fell 631.56 points, or 2.67%, to 23,018.88. The S&P 500 lost 86.60 points, or 3.07%, to 2,736.56. The Nasdaq Composite retreated 297.50 points, or 3.48%, to 8,263.23.

Oil futures saw another day of volatile trading Tuesday, with the most-active June contract for the U.S. benchmark marking its lowest finish in 21 years. West Texas Intermediate crude for June delivery lost $8.86, or 43.4%, to settle at at $11.57 a barrel. June Brent crude fell by $6.24, or 24.4%, to end at $19.33 a barrel.

Netflix (NFLX) reported first-quarter earnings of $709 million, or $1.57 a share, compared with $344 million, or 76 cents a share, in the year-ago period. Revenue grew to $5.77 billion from $4.52 billion in the year-ago period. It reported the addition of 15.77 million paid subscribers globally in the first quarter.

Snap Inc. reported a first-quarter net loss of $305.9 million, or 21 cents a share, versus a loss of $310.4 million, or 23 cents a share, in the year-ago period. Revenue rose to $462.5 million from $320.4 million in the year-ago period.