After The Bell: Stocks Drop, Turn Negative For The Year

Andy Giersher
November 20, 2018 - 5:56 pm

CHICAGO (WBBM NEWSRADIO) -- Stocks closed sharply lower Tuesday, turning negative for the year, as declines in energy, retail and technology led financial markets to the downside.

The S&P 500 lost 48, the NASDAQ shed 119 and the Dow Jones industrial average closed down over 550 points, settling to 24,465.

"I think what we are seeing now is investors getting a little bit more concerned about a perceived slowing in the economy," said Paul Nolte, portfolio manager at Kingsview Asset Management in Chicago.

He added that he sees the S&P 500 under-performing other asset classes over the next couple of years.