NEW YORK (AP) — The latest on developments in global financial markets (all times local):

4:30 p.m.

U.S. stocks took their biggest loss in almost a month on Tuesday as investors worried about the health of the U.S. economy and sold shares in retailers and car companies. Machinery companies also fell and the price of oil continued to decline.

Royal Caribbean fell more than 6 percent after the cruise operator lowered its guidance.

Oil reversed early gains to close down 1.4 percent at $39.51 a barrel in New York, the first time U.S. crude closed under $40 since April.

The Dow Jones industrial average closed down 91 points, or 0.5 percent, to 18,314.

The Standard & Poor's 500 index fell 14 points, or 0.6 percent, to 2,157. The Nasdaq composite slid 46 points, or 0.9 percent, to 5,138.

The yield on the 10-year Treasury note rose to 1.55 percent.

12:00 p.m.

Stocks are trading lower on Wall Street as investors worry about the health of Europe's banks and the U.S economy. Consumer companies and machinery makers are taking some of the biggest losses. Bond prices are falling and sending yields higher.

Royal Caribbean fell more than 6 percent after the cruise operator lowered its guidance.

Oil started the day higher but by midday those gains reversed. It's down 1.5 percent at $39.45 a barrel in New York.

The Dow Jones industrial average is down 118 points, or 0.6 percent, to 18,286.

The Standard & Poor's 500 index is down 18 points, or 0.8 percent, to 2,153. The Nasdaq composite fell 56 points, or 1.1 percent, to 5,128.

The yield on the 10-year Treasury note rose to 1.54 percent.

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9:50 a.m.

Stocks are opening mostly lower on Wall Street as worries over the financial health of Europe's banks and skepticism over the Japanese government's latest stimulus package weighed on global markets.

Royal Caribbean fell nearly 4 percent early Tuesday after the cruise operator lowered its guidance.

Oil rebounded after a days-long slide took the price of crude to a nearly four-month low. It's up 1.7 percent at $40.75 a barrel in New York.

The Dow is down 36 points, or 0.2 percent, to 18,367.

The Standard & Poor's 500 index is down 6 points, or 0.3 percent, to 2,165. The Nasdaq composite fell 21 points, or 0.4 percent, to 5,163.

Bond prices fell. The yield on the 10-year Treasury note rose to 1.56 percent.