Stocks end lower on Wall Street as commodities prices fall

Stocks end lower on Wall Street as commodities prices fall

Stocks ended lower on Wall Street as another drop in commodities prices pulled down energy and materials stocks.

Cabot Oil & Gas sank 11% Tuesday, and Range Resources fell 9%.

Fitbit, which makes wearable fitness trackers, plunged 21% after releasing a weak forecast, and J.M. Smucker fell 2% after reporting sales that fell short of analysts' forecasts.

The Dow Jones industrial average dropped 188 points, or 1.1%, to 16,431.

The Standard & Poor's 500 index fell 24 points, or 1.3%, to 1,921. The Nasdaq composite gave up 67 points, or 1.5%, to 4,503.

The price of oil sank almost 5% to just under 32 dollars a barrel in New York.

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