NEW YORK: Contagious risk in European countries weighed down the market as the U.S. stocks tumbled on Tuesday as concerns on the conflict in Korean Peninsula. It was reported that at about 1.3 percent lower, all the three major indexes ended. After the company released better-than-expected results late Monday, Hewlett-Packard was the only one finished the session in positive territory among Dow’s 30 components.

After media reported that the Democratic People’s Republic of Korea (DPRK) and South Korea on Tuesday exchange fires in waters off the Korean Peninsula west coast.

Meanwhile in the market, contagious fears on the European debt problems were still lingering. Investors were worrying about the fact that countries like Spain and Portugal would also have to seek financial help.

While adding pressure to the market, U.S. economic data came in mixed response. The third quarter gross domestic product growth was revised up to an annualized rate of 2.5 percent from previously estimated 2.0 percent, as asserted by the Commerce Department. Weaker than analysts had expected a separate report, from the National Association of Realtors showed sales