Indexes drop as investors rotate from growth to value stocks By Reuters

© Reuters. The spread of the coronavirus disease (COVID-19) in New York

NEW YORK (Reuters) – Wall Street’s major indexes lost ground on Tuesday as investors moved out of market-leading growth stocks, though a rotation into cyclical value stocks could point to hopes of economic revival as states begin to relax restrictions enacted to halt the coronavirus pandemic.

The Dow Jones Industrial Average () fell 32.23 points, or 0.13%, to 24,101.55, the S&P 500 () lost 15.09 points, or 0.52%, to 2,863.39 and the Nasdaq Composite () dropped 122.43 points, or 1.4%, to 8,607.73.

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