Stocks Tumbled after Trump Floated Trade Deal Delay

U.S. stocks fell sharply in the early trading on Tuesday, after President Donald Trump suggested he was in no hurry to clinch a trade deal with China. The Dow Jones Industrial Average lately fell 339.41 points, or 1.22%, to 27,443.63. The S&P 500 gave up 34.48 points, or 1.11%, to 3,079.39. The Nasdaq Composite retreated 105.53 points, or 1.23%, to 8,462.46.

Oil futures traded near unchanged Tuesday, giving up earlier gains as investors assessed prospects for deeper crude-production cuts when the Organization of the Petroleum Exporting Countries and its allies meet later this week. West Texas Intermediate crude for January delivery was up 2 cents, or less than 0.1%, at $55.98 a barrel, while February Brent crude was off 1 cent at $60.91 a barrel.