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Money News

Stocks fall as trade hopes wane

FILE PHOTO: Street signs for Broad St. and Wall St. are seen outside of the New York Stock Exchange (NYSE) in New York, U.S., March 7, 2019. REUTERS/Brendan McDermid/File Photo

NEW YORK (Reuters) - U.S. stocks suffered their third consecutive sell-off on Tuesday after commentary from President Donald Trump and Commerce Secretary Wilbur Ross threw cold water over hopes of a possible near-term respite from the market-bruising U.S.-China trade war.

The Dow Jones Industrial Average .DJI fell 279.56 points, or 1.01%, to 27,503.48, the S&P 500 .SPX lost 20.61 points, or 0.66%, to 3,093.26 and the Nasdaq Composite .IXIC dropped 47.34 points, or 0.55%, to 8,520.64.

Reporting by Chuck Mikolajczak; Editing by Chris Reese

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