Stocks Slump on Earnings News

Major indexes fell 2%-4% Tuesday amid some high-profile profit disappointments

U.S. stocks closed sharply lower Tuesday in yet another volatile session, as ongoing economic uncertainties and a mixed bag of earnings reports led investors to take profits on gains from the previous session's rally. Also weighing on the market was a drop in energy and mining stocks, which sank along with commodities futures -- including oil and gold -- amid worries about demand.

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