NEW YORK (AP) — Stocks ended lower on Wall Street as another drop in commodities prices pulled down energy and materials stocks.
Cabot Oil & Gas sank 11 percent Tuesday, and Range Resources fell 9 percent.
Fitbit, which makes wearable fitness trackers, plunged 21 percent after releasing a weak forecast, and J.M. Smucker fell 2 percent after reporting sales that fell short of analysts’ forecasts.
The Dow Jones industrial average dropped 188 points, or 1.1 percent, to 16,431.
The Standard & Poor’s 500 index fell 24 points, or 1.3 percent, to 1,921. The Nasdaq composite gave up 67 points, or 1.5 percent, to 4,503.
The price of oil sank almost 5 percent to just under $32 a barrel in New York.
Copyright 2016 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.