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Stocks falter, giving back some of big gains the day before

FILE - This May 11, 2007, file photo shows a Wall Street sign near the flag-draped facade of the New York Stock Exchange. U.S. stock indexes fell shortly after the opening of trading Tuesday, March 17, 2015, as oil prices continue to slump and investors wait for clues about when the Federal Reserve might raise interest rates. (AP Photo/Richard Drew, File)
FILE - This May 11, 2007, file photo shows a Wall Street sign near the flag-draped facade of the New York Stock Exchange. U.S. stock indexes fell shortly after the opening of trading Tuesday, March 17, 2015, as oil prices continue to slump and investors wait for clues about when the Federal Reserve might raise interest rates. (AP Photo/Richard Drew, File)

By Associated Press 1 min read

NEW YORK (AP) – Stock prices are moving lower as the market gives back some of its big gains from the day before.

Weight Watchers sank 3 percent Tuesday after Credit Suisse downgraded its rating on the stock, saying the company faces tough competition from low-cost weight loss applications.

The Dow Jones industrial average was down 165 points, or 0.9 percent, to 17,810 as of 11:45 a.m. Eastern time. The Dow jumped 228 the day before.

The Standard & Poor’s 500 fell 13 points, or 0.6 percent, to 2,067. The Nasdaq composite lost 14 points, or 0.3 percent, to 4,915.

The price of oil fell a day after hitting a six-year low. U.S. crude was down 55 cents at $43.31.