Market Drops for Second Day in a Row
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iStock/Thinkstock(NEW YORK) — The stock market dropped for a second day in a row on Tuesday.
The Dow Jones Industrial Average lost 116.81 points, closing at 17,055.87. The Nasdaq went down 19.00 points, ending the day at 4,508.69, and the S&P went down 11.52 points to 1,982.77.
Cadillac is moving its headquarters to New York next year to be closer to more people living lives of luxury. Cadillac’s U.S. sales are down nearly 5% this year.
CarMax plunged after reporting earnings that didn’t meet analysts’ expectations.
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