S & P, Dow loses grounds as coarse dump punishes energy storage

NEW YORK (Reuters) – Dow and S & P 500 ended a little lower on Tuesday after losses in energy divisions and Boeing, counteracting a small gain in technology stocks and renewed hopes of progress in trade negotiations.

Nasdaq concluded the session mainly flat as a rise in tech held the index out of negative territory.

The energy stocks .SPNY weighted heaviest on the S & P 500, driven lower with a 7.1 percent dive in raw prices, their biggest percentage fall in 2-1 / 2 years. The energy sector closed 2.4 per cent.

Boeing Co ( BA.N ) reported a 37 percent increase in 737 deliveries in October, but shares fell on concerns related to last month's deadly accident on a 737 operated by Indonesia's Lion Air. The stock ended 2.1[ads1] percent, giving the biggest draw on Dow.

Trade tensions in the US and China were postponed when negotiations between the world's two largest economies seemed to get started, with a US adviser saying that the country's two leaders would meet at the G20 meeting later this month.

"Looking at the investor's feelings … it is clear even in the strong days of the last few days, there has been no significant conviction there," said Oliver Pursche, deputy and marketing director of Bruderman Asset Management in New York.

"If you look at the action today, it reflects an uncertainty and lack of direction," added Pursche. "And you will not get a sense of direction until we come through the G20 meeting, and it is believed there will be some positive developments there."

Dow Jones Industrial Average .DJI fell 100.69 points, or 0.4 percent, to 25.286.49, lost S & P 500. SPX 4.04 points, or 0.15 percent to 2.722.18 and Nasdaq Composite .IXIC made 0.01 points or 0 percent to 7,200.88.

The S & P 500 registered its lowest closed since 31 October. [19659002] General Electric ended up 7.8 percent when the conglomerate announced plans to increase $ 4 billion by accelerating a sale of its stake in oil field supplier Baker Hughes ( BHGE.N ).

Homebuilder Beazer Homes USA Inc. ( BZH.N ) jumped 30.6 percent after quarterly earnings peaked estimates and the company announced a $ 50 million buy-back plan.

Home Depot Inc. ( HD.N ) posted better than expected same store sales, but suggested that US home sales were slowing down and overtaking tariffs could lead to price increases for its products. stock closed nominally lower.

Amazon.com shares dropped 0.3 percent after the online retailer announced that it had chosen New York City and Northern Virginia for its two new headquarters.

Shares of Tyson Foods Inc ( TSN.N ) fell 5.6 percent, among the largest percentage losers on S & P 500, after the best American meat processor sales missed Wall Street estimates due of lower demand for chicken.

As the third quarter earnings season is approaching the final stretch, with 91 percent of S & P 500 companies reported, 77.5 percent have estimated estimates, according to Refinitive data.

Falling problems to promote those on NYSE with a 1.08-to-1 ratio; on the Nasdaq, a 1.05-to-1 ratio favored decliners.

The S & P 500 posted 11 new 52 week highs and 9 new downs; Nasdaq Composite registered 15 new heights and 151 new downs.

Volume of US stock exchanges was approximately 8.2 billion shares, slightly below 8.4 billion averages over the last 20 sessions.