Stocks Fall For Third Straight Day — Dow Down 116(Reuters) - U.S. stocks fell on Tuesday, with consumer staples leading the S&P 500 down to its third straight daily loss, as investors grew concerned about the pace of global economic growth. The day's losses were broad, with all ten primary S&P sectors down. Consumer staples .SPLRCS were the weakest on the day, off 0.9 percent, while industrials .SPLRCI lost 0.8 percent. Wall Street's losses tracked Europe's .FTEU3 1.3 percent slump after data showed a contraction in French business activity and slower growth in German manufacturing this month. The Russell 2000 .TOY fell 0.9 percent during the normal session, and the small cap index's 50-day moving average fell slightly under its 200-day moving average, a condition known as a "death cross," which many investors view as indicating a coming bear market.
(CBS World News) BANGKOK - World stocks were muted Tuesday as a string of record highs on Wall Street instilled caution about a possible bubble in stock markets fueled by easy monetary policy.