
U.S. stocks were lower, with the Dow Jones index falling over 250 points on Tuesday.
Shares of Air Lease Corporation (NYSE:AL) rose sharply during Tuesday's session after the aircraft lessor said it will be acquired by a newly formed Dublin-based holding company backed by Sumitomo Corp. (OTC:SSUMY), SMBC Aviation Capital Ltd., and investment funds tied to Apollo Global Management (NYSE:APO) and Brookfield (NYSE:BN).