Wall Street market report



Search company or market
Search company or market:
Refresh this page Launch Marketwatch ticker
London | Wall Street | Asia

(Close): US stocks closed lower on Tuesday, with analysts citing a number of reasons including US-led airstrikes against IS militants in Syria.

The Dow Jones fell 116.81 points to end at 17,055.87.

The S&P 500 slid 11.52 points to close at 1,982.77 and the tech-focused Nasdaq dipped 19.00 points to finish at 4,508.69.

Some stocks were hit by news that the US Treasury was cracking down on "tax inversion" deals.

Shares in AbbVie - which has agreed to take over UK firm Shire as part of a tax inversion, in which a US firm buys a foreign company so as to move its tax base to a more favourable locale - finished down nearly 2%.

After Apple denied rumours that it would be shuttering its recently purchased Beats music service, shares in the technology giant rose nearly 2%.