Shares of Corning Inc. /zigman2/quotes/200045496/composite GLW +1.11% slipped 1.77% to $38.26 Tuesday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index /zigman2/quotes/210599714/realtime SPX +0.37% falling 0.57% to 4,443.05 and Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +0.43% falling 0.84% to 34,577.57. The stock's fall snapped a two-day winning streak. Corning Inc. closed $8.56 below its 52-week high ($46.82), which the company achieved on April 26th.
The stock underperformed when compared to some of its competitors Tuesday, as Thermo Fisher Scientific Inc. /zigman2/quotes/201150432/composite TMO +2.28% rose 0.63% to $562.40, 3M Co. /zigman2/quotes/205029460/composite MMM +0.06% fell 1.52% to $182.42, and TE Connectivity Ltd. /zigman2/quotes/205324491/composite TEL +0.09% fell 1.09% to $144.74. Trading volume (3.8 M) eclipsed its 50-day average volume of 3.8 M.