Stocks Close Down Tuesday After Early Gains

NEW YORK (July 2, 2013)--Deepening political turmoil in Egypt sent the price of crude oil higher, but otherwise trading was mostly quiet Tuesday on Wall Street ahead of the July 4th holiday.

Stocks rose in the morning as traders responded to good news about car sales, home prices and manufacturing, but indexes started falling in the early afternoon.

The Dow Jones industrial average fell 42 points, or 0.3 percent, to close at 14,932 Tuesday.

The Standard & Poor's 500 index fell less than a point to end at 1,614.

The Nasdaq composite fell a point to close at 3,433.

U.S. markets will be closed Thursday for Independence Day.

Volume was lower than average at 3.2 billion shares.

Three stocks fell for every two that rose on the New York Stock Exchange.


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