Stocks close lower ahead of economic reports

NEW YORK (AP) — The stock market is ending with a modest loss as investors wait for a series of big economic reports later in the week.

The Dow Jones industrial average fell 70 points, or 0.4 percent, to finish at 16,912 on Tuesday. The Standard & Poor’s 500 index slipped eight points, or 0.5 percent, to 1,969. The Nasdaq inched lower by two points, or 0.05 percent, to 4,442.

Nine of the 10 industry groups in the S&P 500 fell. Only telecommunications stocks rose.

The government will release gross domestic product figures for the April-June quarter on Wednesday. The next day, a report on China’s manufacturing industry will give investors an update on the health of the world’s factory floor. And on Friday, the U.S. Labor Department releases its monthly jobs report.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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