Tuesday, the Dow lost 132.36 points (0.54%) to finish at 24,174.82, the NASDAQ closed 65.01 points (0.86%) lower at 7,502.67, and the S&P 500 decreased 13.49 points (0.49%) to 2,713.22. The Russell 2000 was up 5.33 points (0.32%) at 1,660.42, and the Wilshire 5000 was down 104.97 points (0.37%) at 28,376.98.

ON THIS DATE: In 1865, William Booth founded the Salvation Army in London. In 1865, the U.S. Secret Service Division was created to combat currency counterfeiting, forging and the altering of currency and securities. In 1892, Andrew Beard was issued a patent for the rotary engine. In 1935, President Franklin Roosevelt signed the National Labor Relations Act into law. The act authorized labor to organize for the purpose of collective bargaining. In 1946, the bikini bathing suit, created by Louis Reard, made its debut during a fashion show at the Molitor Pool in Paris. In 1947, Larry Doby signed a contract with the Cleveland Indians, becoming the first black player in the American League. In 1950, U.S. forces engaged the North Koreans for the first time at Osan, South Korea. In 1984, the U.S. Supreme Court weakened the 70-year-old “exclusionary rule,” deciding that evidence seized with defective court warrants could be used against defendants in criminal trials.