The energy sector led a slide in the broader stock market following BP’s failure to stanch the flow of oil spilling into the Gulf of Mexico.

The Dow Jones Industrial Average ended down 112.61 points, or 1.1%, at 10024.02, hurt by selling that gathered momentum as the closing bell neared. Volume was lighter than normal—a trend that gave added influence to the smaller number of traders at their stations.

The market’s losses were held in check through much of the session by reports showing that U.S. construction spending in April registered its biggest gain in nearly 10 years, rising 2.7%, and manufacturing activity expanded by more than expected.

Though those reports temporarily brightened investors’ moods, analysts said that the broader concerns about global growth that led the market to a dismal May performance haven’t been banished for good. Those worries have hit shares of commodity producers hard lately—a trend made all the worse by concerns about possible broader fallout for the oil industry from the BP spill.

(Source: WSJ)