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Stock Market News Update for Tuesday, November 16, 2010

Tuesday saw U.S. stocks tumble, with all three major indexes down nearly 2%, as investors cast a worried eye at economic developments in Europe and China.

The Dow Jones industrial average (INDU) finished 178 points lower, or 1.6%, with Alcoa (NYSE:AA) and Travelers Companies (NYSE:TRV) leading the blue chip index's decline. Earlier in the session, the Dow fell more than 200 points.

The S&P 500 (SPX) fell 19 points, or 1.6%. The tech-heavy Nasdaq (COMP) lost 44 points, or 1.8%.

The Dow and the S&P posted the biggest one-day losses since Aug. 11 and Aug. 19, respectively. The Nasdaq's drop was the largest since Oct. 19.

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