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NEW YORK (Reuters) – Stock indexes dropped 1 proportionality on Tuesday, impact by a sharp move in lubricator prices and after Alcoa's lighter-than-expected income started the earnings season on a moody note.

Energy stocks were by farther the poorest performers, with the S&P Energy Index (.GSPE) losing 3.3 proportionality alongside lubricator prices. U.S. vulgar futures sank 3.2 proportionality to $106.40 per barrel patch Brent vulgar forfeited 2.5 proportionality to $120.86. Dow component Chevron Corp (CVX.N) dropped 3.5 proportionality to $103.99.

Goldman Sachs shook lubricator markets for a second period after it titled for a move of nearly $20 in the toll of Brent vulgar lubricator in reaching months.

"I don't think we're way for a bear market, but we are getting a reality check," said Donald Selkin, honcho mart strategist at National Securities in New York, which has about $3 1000000000 in assets low management.

The International Energy Agency also said high prices could edge lubricator demand. U.S. vulgar is up 16 proportionality since the move of the year.

Alcoa Inc (AA.N) slid 6.1 proportionality to $16.69 and was the Dow's large percentage unfortunate a period after it reported income that uncomprehensible forecasts, though its acquire topped consensus expectations. The SPDR S&P Metals and Mining ETF (XME.P) lapse 2.2 percent.

"The acquire did vex expectations, but grouping are looking for income growth this quarter, and the income here was disappointing," Selkin said. "This could ordered the forbid lower for other companies."

The Dow Jones industrial average (.DJI) was downbound 120.45 points, or 0.97 percent, at 12,260.66. The Standard & Poor's 500 Index (.SPX) was downbound 11.63 points, or 0.88 percent, at 1,312.83. The Nasdaq Composite Index (.IXIC) was downbound 27.31 points, or 0.99 percent, at 2,744.20.

Japan raised the rigor of the Fukushima thermonuclear power being happening to the maximal take on the International Nuclear and Radiological Event Scale, putting it on par with the metropolis 1986 disaster. Dollar-denominated Nikkei future lapse 1.5 percent.

Mining stocks lapse as metals prices unfit on worries that Japan's massive earthquake and a thermonuclear crisis would lessen recovery prospects in the world's third-largest economy.

The S&P Materials Index (.GSPM) lapse 1.3 proportionality patch U.S.-traded shares of metropolis Tinto (RIO.N) lapse 2.2 proportionality to $72.17. Freeport-McMoRan Copper & Gold Inc (FCX.N) shed 3.3 proportionality to $53.63.

On the upside, Tibco Software Inc (TIBX.O) climbed 7.1 proportionality to $28.90 a period after Reuters reported that Hewlett-Packard Co (HPQ.N) had thoughtful purchase the playing code concern to cows up its code business.

(Reporting by Ryan Vlastelica; Editing by Jan Paschal)

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