Stocks finish lower, dashing hopes for a turnaround Tuesday

Investors better fasten their seat belts because there’s no sign of volatility letting up on Wall Street.

Stocks resumed their selloff for most of day, but the Dow offered a glimmer of hope for turnaround Tuesday when it briefly turned green in the afternoon.
But even though stocks ended off their lows, the major indexes all ended in the red.
The Dow (INDU)finished a moderate 0.2% or 67 points lower, having swung more than 1,000 points from high to low-point for the second straight session in a row.

Dow components American Express (AXP), Johnson & Johnson (JNJ) and IBM (IBM) all posted strong outlooks in their earnings releases, helping lead the index back from its worst losses.

The S&P 500 (SPX) finished down 1.2% but again avoided the dreaded correction territory, defined as a 10% drop from the most recent peak. In the case of the S&P, that was just three weeks ago, when it hit a record high on January 3.

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