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US Markets End the Day Lower, Dow Down 243 Points

Local News

0  Updated at 5:05 pm, October 23rd, 2012 By: ABC Digital
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Hemera/Thinkstock(NEW YORK) — The Dow had its lowest close since June and its third-biggest point drop for the year, though it’s still up seven percent for the year.

The Dow ended Tuesday’s session down 243 points, at 13,103.
 
The S&P and NASDAQ ended the day lower as well, losing 21 and 26 points, respectively.
 
Tuesday’s drop was sparked by disappointing earnings from major corporations.
 
Since the declines Tuesday come so close to an election there are concerns that the uncertainty over who will be in charge is playing into the falling indexes.
 
There are also two major economic reports ahead of the election.  A first estimate for U.S. third-quarter GDP growth is due this Friday, while the following week will bring the all-important jobs report.
 
Copyright 2012 ABC News Radio