The market pared losses through the afternoon, however. The Dow Jones Industrial Average fell 69 points, or 0.4%, to close at 13,170. The S&P 500 lost 4 points, or 0.3%, at 1406, with energy, consumer cyclical stocks, basic materials and transportation leading the losses. Auto makers declined after China began hiking gasoline prices Tuesday. The Nasdaq closed behind by 4.2 points, or 0.1%, at 3074.
NEW YORK ( TheStreet) -- U.S. stocks edged lower on Tuesday following mixed housing market data and signs of a slowing Chinese economy.
2012 Stock Predictions and Outlook
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