Stocks capped a wobbly day on Wall Street with broad losses Tuesday as anxious investors shifted money to U.S. government bonds, gold and other traditional safe-haven assets. The selling, which erased some of the market's gains from a strong rally a day earlier, came as long-term bond yields once again fell below short-term ones, a rare phenomenon that has correctly predicted previous recessions. The S&P 500 fell 9.22 points, or 0.3%, to 2,869.16. The benchmark index has fallen for the past four weeks in a row. The Dow Jones industrial average dropped 120.93 points, or 0.5%, to 25,777.90. The Nasdaq slid 26.79 points, or 0.3%, to 7,826.95. The Russell 2000 index fell 19.96 points, or 1.4%, to 1,456.04.
Energy
BP, trying to divest, sells Alaska assets
BP said Tuesday it is selling its assets in Alaska as it works to divest $10 billion worldwide. The sale to Hilcorp Alaska, an affiliate of Texas-based Hilcorp Energy Co., would be worth $5.6 billion, and include interests in the Prudhoe Bay oil field, Point Thomson gas field and the trans-Alaska pipeline system, BP said in a release.
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