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 broad market index experienced a 0.5% decline. The decline in the Nasdaq Composite was led by Nvidia, which fell 2.3%.
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 159 points.
Following the release of the Conference Board’s most recent consumer confidence survey, which was significantly worse than analysts had predicted, the market fell.
This comes after a string of poor data releases from the previous week, which included subpar manufacturing and retail sales figures.
Walmart’s cautious forward forecast contributed to the deteriorating economic and consumer health attitude.
Source (CNBC)
