NEW YORK — Stocks fell on Tuesday, led by sharp drops in utilities and phone companies. U.S. government bond prices also slumped, and gold had its worse day in nearly three years. Ten of the 11 sectors of the Standard and Poor’s 500 index were down, a second day of broad declines and a weak start to a new quarter after solid returns in recent months.
The Dow Jones industrial average fell 85.40 points, or 0.5 percent, to 18,168.45.
The S&P 500 fell 10.71 points, or 0.5 percent, to 2,150.49.
The Nasdaq composite fell 11.22 points, or 0.2 percent, to 5,289.66.
For the week:
The Dow is down 139.70 points, or 0.8 percent.
The S&P 500 is down 17.78 points, or 0.8 percent.
The Nasdaq is down 22.35 points, or 0.4 percent.
For the year:
The Dow is up 743.42 points, or 4.3 percent.
The S&P 500 is up 106.55 points, or 5.2 percent.
The Nasdaq is up 282.25 points, or 5.6 percent.