TheStreet.com 21 stumbled along with the broader market Tuesday, as several of its higher-beta components suffered significant losses amid signs of economic weakness.
The TSC 21, designed as a recovery proxy via components that should feel economic trends early, fell 19.39, or 1.8%, to 1055.58. The decline reverses a 1.3% gain on Monday, but leaves the index a healthy 5.5% above its July 3 start at 1000.
Stocks were hammered across the board Tuesday after
issued a profit warning and two economic reports, the Conference Board's consumer confidence index and the Chicago Purchasing Managers' index, both disappointed. The
Dow Jones Industrial Average
lost 1.1% while the
gave up about 2%.
The losses were paced by
, which fell 61 cents, or 3%, to $19.59;
, which lost 77 cents, or 4.4%, to $16.58;
, which fell 23 cents, or 3.7%, to $5.85; and
, which dropped 80 cents, or 2.2%, to $35.39.
Overall, 14 components fell and seven rose.