Stocks Ended Lower, S&P 500 Snapped 8-day Winning Streak

U.S. stocks closed lower Tuesday, with the S&P 500 snapping its eight-day winning streak, as trade tensions heated up between the U.S. and the European Union. The Dow Jones Industrial Average dropped 190.44 points, or 0.72%, to 26,150.58. The S&P 500 fell 17.57 points, or 0.61%, to 2,878.20. The Nasdaq Composite retreated 44.61 points, or 0.56%, to 7,909.28.

Oil futures finished with a loss on Tuesday, pressured by expectations that U.S. crude supplies climbed for a third straight week, as well as signs that Russia may not see a need to extend production cuts past June. West Texas Intermediate crude for May delivery lost 42 cents, or 0.7%, to settle at $63.98 a barrel. June Brent fell 49 cents, or 0.7%, to $70.61 a barrel.

PriceSmart Inc. (PSMT) on Tuesday reported fiscal second-quarter profit of $23.8 million. The San Diego-based company said it had net income of 79 cents per share. Earnings, adjusted for non-recurring costs, were 88 cents per share.

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