NEW YORK: The stock market ended slightly lower on Tuesday after reports of intensifying political turmoil in Egypt offset good news about the US economy.
Stocks rose most of the day on positive news about car sales, home prices and manufacturing. But major indexes turned lower after 1.40pm (1740 GMT) after news emerged that Egypt's military had drawn up plans to suspend the country's constitution, dissolve its legislature and set up an interim government. Millions of protesters are demanding the ouster of President Mohamed Morsi.
The price of oil climbed close to $100 a barrel on concern that the crisis in the largest Arab nation could disrupt the flow of crude from the region.
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