The S&P 500 ended flat Tuesday. Energy and industrial shares rallied, but a drop in tech and real estate shares offset that as investors shifted from favoring growth stocks to value stocks. The Dow, however, managed to gain ground for the fifth straight session.

William O'Neil & Co. chief investment strategist, Randy Watts.

SOUNDBITE: WILLIAM O'NEIL & CO. CHIEF INVESTMENT STRATEGIST, RANDY WATTS (ENGLISH) SAYING:

"There's been a rotation out of some of these larger cap momentum-oriented growth stocks into stocks that have really underperformed over the last year or so and that includes financials and energy. And so that rotation is actually causing this kind of volatility."

Apple shares rose. It priced its new video streaming service at $4.99 a month, lower than the rates charged by Netflix and Disney, whose stocks fell on the announcement.

Ford shares fell. Moody's downgraded the automaker's bond rating to junk status.

Investors didn't have much of an appetite for Wendy's. Shares fell after the burger chain told Wall Street not to expect much growth in its core earnings because it'll spend money to expand its breakfast offerings nationwide in 2020.

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The S&P 500 and Nasdaq fell for a second day. Weak economic data from China added to fears of a global recession. That drove investors to sell tech and cyclical stocks. The S&P fell ____%.

William O'Neil & Co. chief investment strategist, Randy Watts.

SOUNDBITE: WILLIAM O'NEIL & CO. CHIEF INVESTMENT STRATEGIST, RANDY WATTS (ENGLISH) SAYING:

"XXX."

Apple shares dipped (CK). It unveiled pricing on its new video streaming service that's _____ than offerings by Netflix and Disney.

Ford shares fell. Moody's downgraded the automaker's bond rating to junk status.

Investors didn't have much of an appetite for Wendy's. Shares fell after the burger chain told Wall Street not to expect much growth in its core earnings because it'll spend money to expand its breakfast offerings nationwide in 2020.