New york: Major indexes on Wall Street closed lower on Tuesday.

According to Qatar News Agency, the S and P 500 fell 48.74 points, or 0.66 percent, to close at 7,354.31. The Nasdaq Composite dropped 216.56 points, or 0.83 percent, to 25,874.18. Meanwhile, the Dow Jones Industrial Average declined 312.77 points, or 0.65 percent, to end at 49,373.35.