Written by Associated Press
(AP) — Another drop in crude oil prices helped bring energy stocks lower, bringing the market back from the record highs it set a day earlier.
The price of crude touched its lowest level of the year Tuesday.
Transocean sank 4.2 percent and Marathon Oil lost 3.4 percent.
Retailers also fell. Ross Stores fell 4.8 percent.
The Standard & Poor’s 500 index fell 16 points, or 0.7 percent, to 2,437.
The Dow Jones industrial average slipped 61 points, or 0.3 percent, to 21,467. The Nasdaq fell 50 points, or 0.8 percent, to 6,188.
Small-company stocks fell more than the rest of the market. The Russell 2000 lost 15 points, or 1.1 percent, to 1,402.
Bond prices rose. The yield on the 10-year Treasury note fell to 2.16 percent.