Shares of hotel operators fell for a second-straight morning Tuesday as investors continued to fret about the health of the markets while waiting for the Federal Reserve's interest rate decision and more developments from insurer American International Group Inc.
Concerns about AIG's status have ratcheted up after several ratings agencies reduced their ratings on the company. Lower ratings can add to the amount of money the already cash-strapped company has to set aside.
Investors were also still reeling from Monday, one of the worst days on Wall Street since the Sept. 11 terrorist attacks in 2001, when the markets dealt with Lehman Brothers' bankruptcy news and Merrill Lynch & Co.'s sale to Bank of America Corp.
Marriott International Inc. fell 39 cents to $26.92. Starwood Hotels & Resorts Worldwide Inc. declined 71 cents to $35.60.
Wyndham Worldwide Corp. slipped 38 cents, or 2.1 percent, to $18.02, while Choice Hotels International Inc. dropped 31 cents to $28.89.