Stock market today: Wall Street ends lower following two weeks of gains

abcnews.go.com:

Stocks closed lower on Wall Street as traders return from a long holiday weekend

Stocks closed lower on Wall Street as traders return from a long holiday weekend. The S&P 500 fell 0.4% Tuesday. The index is coming off its second weekly gain. The Dow lost 0.6% and the Nasdaq slipped 0.1%. Crude oil prices rose. Markets are looking ahead to a quieter week with company earnings reports winding down and just a trickle of government economic reports expected, including data on manufacturing, layoffs and trade. DocuSign, GameStop, Dave & Buster’s and Kroger are set to report their most recent quarterly financial results this week.

THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below.

Stocks are edging lower on Wall Street in afternoon trading Tuesday as traders return from a long holiday weekend to face a relatively quiet week.

The S&P 500 fell 0.2%. The index is coming off its second weekly gain. The Dow Jones Industrial Average lost 95 points, or 0.3%, to 34,741 as of 2:55 p.m. Eastern. The Nasdaq was up 0.1%.

Markets in the U.S. were closed Monday for the Labor Day holiday.

Industrial stocks has some of the steepest losses. Union Pacific fell 2.1%. Technology stocks gained ground. Microsoft rose 1.6%.

Energy stocks rose along with crude oil prices after Saudi Arabia and Russia said they will extend their voluntary production cut of 1 million barrels of oil a day through the end of the year. U.S. crude oil prices rose 1.3% and Chevron rose 1.4%.

Investors have a few economic reports to look forward to this week and the latest round of corporate earnings is essentially finished.

“There's not much going on other than investors doing the mental arithmetic over whether the Federal Reserve will or will not continue to