Stocks Ended Sharply Lower as Trade Tensions Escalated
- Tuesday, October 8, 2019, 16:22
- Stock Market
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U.S. stocks ended sharply lower on Tuesday, as investors continued to monitor the escalating trade tensions between the U.S. and China. The Dow Jones Industrial Average fell 313.98 points, or 1.19%, to 26,164.04. The S&P 500 dropped 45.73 points, or 1.56%, to 2,893.06. The Nasdaq Composite retreated 132.52 points, or 1.67%, to 7,823.78.
Oil futures headed lower Tuesday as traders kept tabs on developments ahead of U.S.-China trade talks due later this week. West Texas Intermediate crude for November delivery lost 12 cents, or 0.2%, to $52.63 a barrel. December Brent crude settled 11 cents lower, down 0.2%, at $58.24 a barrel.
Bloomberg reported that the Trump administration was moving ahead with discussions around possible restrictions on capital flows into China, particularly investments made by U.S. government pension funds.
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