Stocks Ended Lower as Tech Shares Dropped

U.S. stocks gave up gains and ended lower on Tuesday, as a selloff in tech shares continued. The Dow Jones Industrial Average fell 104.53 points, or 0.38%, to 27,686.91. The S&P 500 was down 26.78 points, or 0.80%, to 3,333.69. The Nasdaq Composite lost 185.53 points, or 1.69%, to 10,782.82.

Oil futures finished lower on Tuesday, with prices dragged down by traders’ need to cover margins on the back of big losses in the precious metals market. West Texas Intermediate crude for September delivery fell 33 cents, or 0.8%, to settle at $41.61 a barrel, while October Brent crude lost 49 cents, or 1.1%, at $44.50 a barrel.