(NEW YORK) — Stocks were down on Tuesday, with The Dow dropping 83 points, the Nasdaq losing 29 and the S&P giving up 11. The tech and oil sectors were the biggest losers on the day.
A slowdown in China and Europe led to an 11 percent slump in revenue for Chip maker Advanced Micro Devices.
Also crude prices fell nearly a dollar to 85-2, but gas prices rose about a nickel over the past week.
Copyright 2012 ABC News Radio
Kathryn Vasel, CNN
Matt Egan, CNN
Alanna Petroff, CNN