US stocks fell for the second session in a row on Tuesday, with shares of travel-related companies affected by a global jump in infections with the Corona virus, and investors were cautious about what appeared to be astronomical profits announced by major American banks last week.
On Monday, a prominent World Health Organization (WHO) epidemiologist said that the latest increase in COVID-19 cases around the world reflects increases among all age groups.Wall Street hit record highs last week as investors bet on shares in sectors such as industry and mining that are seen as benefiting from the economic recovery, while high-value technology stocks have regained their appeal after declining US Treasury yields.
The Dow Jones Industrial Average ended the trading session down 0.75 percent to 33,820.51 points, while the benchmark Standard & Poor’s 500 Index fell 0.68 percent to close at 4,134.94 points.
The Nasdaq Composite Index closed down 0.92 percent to 13,786.27 points.
The Market Volatility Index, which is known as a measure of fear on Wall Street, jumped above 19 points for the first time since March 31, but closed slightly lower than that level.