Stocks drop for second day in a row

0 Comments | USA TODAY, June, 2009 | by Matt Krantz

Investors pushed stocks down for the second trading day in a row Tuesday after having second thoughts about the economy's health.

The Dow Jones industrial average sank 107.46 points, or 1.2%, to 8504.67 after the Federal Reserve reported a 1.1% drop in industrial production in May, which was larger than expected. The Dow is down 3.1% this year.

Meanwhile, hurt mostly by declines of stocks in the computers and electronics retail, broadcasting, and metals and mining industries, the Standard & Poor's 500 fell 11.75 points, or 1.3%, to 911.97. The index is still up nearly 1% this year.

The tech-heavy Nasdaq composite index fell 20.20 points, or 1.1%, to 1796.18. The Nasdaq remains the best-performing major index this year, up 13.9%. The USA TODAY Internet 50...