As traders considered worries about global trade and economic growth, stocks fell widely on Tuesday, with the S&P 500 on track for its fourth straight down day.
The overall market index decreased by 0.3 percent. 1% was the decline in the Nasdaq Composite.
Because of the losses this week, the tech-focused Nasdaq is now down for the year. Concurrently, the Dow Jones Industrial Average experienced a 0.4% increase, or 168 points.
When the Conference Board’s most recent consumer confidence survey came out significantly worse than experts had predicted, the market fell.
Last week saw a slew of poor data releases, including poor manufacturing and retail sales figures. Walmart’s cautious future forecast contributed to deteriorating consumer and economic morale.
Source (CNBC)
