Wall Street ended lower after another wobbly day on Tuesday, closing out a rocky month. The S&P 500 fell 0.6%, having recouped about half of its loss from earlier. The index managed to eke out a tiny gain for May but only after several abrupt swings.
Last week the S&P 500 had its biggest weekly gain since late 2020, breaking a seven-week losing streak that nearly brought it into a bear market.
Trading has been turbulent in recent weeks amid worries about a possible recession, inflation and rising interest rates.
The S&P 500 fell 26.09 points, or 0.6%, to 4,132.15.
The Dow Jones Industrial Average fell 222.84 points, or 0.7%, to 32,990.12.
The Nasdaq fell 49.74 points, or 0.4%, to 12,081.39.
The Russell 2000 index of smaller companies fell 23.85 points, or 1.3%, to 1,864.04.
For the year:
The S&P 500 is down 634.03 points, or 13.3%.
The Dow is down 3,348.18 points, or 9.2%.
The Nasdaq is down 3,563.58 points, or 22.8%.
The Russell 2000 is down 381.27 points, or 17%.