The stock market had its biggest decline in two weeks Tuesday, led by a sell-off in blue-chip bank and energy stocks. Homebuilders rose after the government reported sales of new homes rose in May to the highest level in six years.
The Dow Jones industrial average fell 119.13 points, or 0.7 percent, to 16,818.13.
The Standard & Poor’s 500 index lost 12.63 points, or 0.6 percent, to 1,949.98.
The Nasdaq composite index fell 18.32, or 0.4 percent, to 4,350.36.
For the week:
The Dow is down 128.95 points, or 0.8 percent.
The S&P 500 is down 12.89 points, or 0.7 percent.
The Nasdaq is down 17.68 points, or 0.4 percent.
For the year:
The Dow is up 241.47 points, or 1.5 percent.
The S&P 500 index is up 101.62 points, or 5.5 percent.
The Nasdaq is up 173.77 points, or 4.2 percent.