NEW YORK – Stocks are ending lower after a volatile day as investors position themselves for less economic stimulus from central banks.
The Dow Jones industrial average fell 116 points to close at 15,122 Tuesday, a loss of 0.8 percent. The index moved up and down sharply during the day.
A key focus was a decision by the Bank of Japan to stand pat on stimulus. The Federal Reserve is also expected to slow its program.
The Standard & Poor's 500 fell 16 points to 1,626, a loss of 1 percent. The Nasdaq fell 36 points to 3,436, or 1.1 percent.
Lululemon fell after saying its CEO would leave.
Six stocks fell for every one that rose on the New York Stock Exchange. Volume was lighter than average at 3.3 billion shares.