Stocks Fall as Early Rebound Fizzles

The Nasdaq swung to its lowest close of the year. Crude climbed near $72, while metals prices recovered

Stocks finished lower Tuesday, after a rebound attempt on rising energy and commodity prices slipped away in the closing hour. The recent shift out of speculative markets and into the safety of Treasuries reversed, supporting early gains, but late selling probably reflected underlying concerns about inflation and rising interest rates, says Standard & Poor's Equity Research.

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