Stocks close lower after Trump hints at trade deal delay

Stocks ended lower Tuesday after President Donald Trump suggested he may want to delay a trade deal with China until after the 2020 presidential election.

The Dow closed 280 points lower, dragged down by trade-vulnerable Apple, Caterpillar and Boeing. The S&P 500 slid 0.65% amid losses in chip stocks like Nvidia, Micron and Advanced Micro Devices. The Nasdaq lost 0.55%.

At its lows of the day, the Dow was down 457 points, or 1.7%. The S&P 500 also dropped as much as 1.7%, while the Nasdaq traded lower by as much as 1.6%.

Stocks hit the lows of their day after Fox News reported that the White House still plans on moving ahead with scheduled Dec. 15 tariffs on Chinese goods notwithstanding recent efforts at a “phase one” trade truce. Tuesday’s losses added to a steep decline from the previous session and led to the Dow’s third-straight decline.

https://www.msn.com/en-us/money/markets/stocks-close-lower-after-trump-hints-at-trade-deal-delay/ar-BBXGfsN?li=BBnbfcN

He's such a genius.