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US stocks close lower as oil prices fall, GE drops

iStock/Thinkstock
iStock/Thinkstock

(NEW YORK) — Wall Street closed in the red on Tuesday as oil prices sunk.

The Dow Jones Industrial Average slid 30.23 (-0.13 percent) to finish at 23,409.47.

The Nasdaq fell 19.72 (-0.29 percent) to close at 6,737.87, while the S&P 500 finished at 2,578.87, down 5.97 (-0.23 percent) from its open.

Crude oil prices sunk about 2.5 percent to $55 per barrel.

Winners and Losers:  A second day of losses for General Electric after announcing Monday it would slash its quarterly dividend by 50 percent. Shares tumbled 5.89 percent.

Shares of Buffalo Wild Wings soared 23.97 percent after reports private equity firm Roark Capital made an offer to buy the sports bar franchise.

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