Stocks closed broadly lower after President Donald Trump indicated he was in no hurry to make a trade deal with China, suggesting there may not be an agreement this year, as previously hoped.
Technology stocks led the declines Tuesday, extending the S&P 500’s losing streak to a third day. Utilities and real estate stocks rose.
The S&P 500 index fell 20.67 points, or 0.7%, to 3,093.20.
The Dow Jones Industrial Average lost 280.23 points, or 1%, to 27,502.81.
The Nasdaq dropped 47.34 points, or 0.6%, to 8,520.64.
The Russell 2000 index of smaller company stocks gave up 4.95 points, or 0.3%, to 1,602.63.
For the week:
The S&P 500 is down 47.78 points, or 1.5%.
The Dow is down 548.60 points, or 2%.
The Nasdaq is down 144.83 points, or 1.7%
The Russell 2000 is down 21.87 points, or 1.3%.
For the year:
The S&P 500 is up 586.35 points, or 23.4%.
The Dow is up 4,175.35 points, or 17.9%.
The Nasdaq is up 1,885.37 points, or 28.4%.
The Russell 2000 is up 254.07 points, or 18.8%.