"The news out of Europe is another step in the right direction, but there's a long way to go there"
- John Canally, an economist and investment strategist at LPL Financial Corp.
U.S. stocks extended dip on Tuesday.
The Standard & Poor's 500 dropped 0.81%, or 10.19 points, to 1,341.47. The Dow Jones Industrial Average depreciated 0.65%, or 83.17 points, to 12,653.12. The Nasdaq Composite plunged 1.00%, or 29.44 points, to 2,902.33.
"The news out of Europe is another step in the right direction, but there's a long way to go there," said John Canally, an economist and investment strategist at LPL Financial Corp. in Boston.
"Then there's the earnings season here. As always, the forecast matters a lot more than what actually happened."
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