Stocks Ended Mixed After Monday’s Selloff

U.S. stocks ended mixed on Tuesday, with the Nasdaq outperforming, after suffering their worst sell-off in more than a month. The Dow Jones Industrial Average fell 222.19 points, or 0.80%, to 27,463.19. The S&P 500 declined 10.29 points, or 0.30%, to 3,390.68. The Nasdaq Composite gained 72.41 points, or 0.64%, to 11,431.35.

Oil futures finished higher Tuesday as another major storm cut energy output in the Gulf of Mexico by roughly half. West Texas Intermediate crude for December delivery rose $1.01, or 2.6%, to settle at $39.57 a barrel. December Brent crude gained 74 cents, or 1.8%, to end at $41.20 a barrel.

Microsoft (MSFT) on Tuesday announced its fiscal Q1 2021 earnings, beating analysts’ expectations on the strength of its cloud business. It reported fiscal first-quarter earnings of $13.9 billion, or $1.82 a share, up from $1.38 a share a year ago. Revenue reached $37.2 billion, up from $33.06 billion a year ago.