U.S. stocks fell broadly on Tuesday after President Donald Trump threatened to slap up to $400 billion more in tariffs on China goods, the latest escalation in a trade dispute that has been unsettling investors for months.
The Dow Jones Industrial Average fell 1.1%, or 276 points, to 24,712. With the day’s decline, the blue-chip average is now down about 0.2% thus far this year. It is also set for its sixth straight daily drop, its longest such streak since March 2017.
The S&P 500 fell 15 points, or 0.5%, to 2,759. The Nasdaq Composite Index shed 57 points to 7,690, a drop of 0.7%.