NEW YORK U.S. stocks dropped on Tuesday after a disappointing spending forecast from Exxon Mobil (XOM.N) and another steep drop in oil prices.
The Dow Jones industrial average .DJI fell 295.16 points, or 1.79 percent, to 16,154.02, the S&P 500 .SPX lost 36.33 points, or 1.87 percent, to 1,903.05 and the Nasdaq Composite .IXIC dropped 103.42 points, or 2.24 percent, to 4,516.95.
(Reporting by Chuck Mikolajczak; Editing by Nick Zieminski)
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Updated Date: Feb 03, 2016 03:15 AM