Indices ended in the red zone Tuesday. Bank of America, JPMorgan Chase and General Electric led the downswing. Stocks slipped in the wake of last week’s lackluster jobs report and global growth concerns. Stocks pared some losses, however, on word that service industry activity increased in August. The Institute for Supply Management’s non-manufacturing index moved up to 53.3 from 52.7 in July. On another note, crude oil shed 43 cents to settle at $86.02 a barrel. Looking ahead, the Federal Reserve will release its Beige Book report tomorrow.
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