Share Tweet Share Email Comments Print U.S. stocks closed lower Tuesday as a swift sell-off in the final minutes of trading wiped out earlier gains and snapped a three-day winning streak for the market. Technology companies and banks led the market slide, outweighing gains in health care and energy stocks. The Dow Jones Industrial Average and S&P 500 each fell 0.5 percent. The Nasdaq composite fell nearly 1 percent, while smaller companies bucked the trend with modest gains. The trading session was shortened ahead of the Independence Day holiday. Once investors return Thursday, they’ll have no shortage of reasons to snap out of the holiday lull by the end of the week. On Friday the U.S. is set to impose a 25 percent tariff on $34 billion worth of Chinese imports. And China is expected to strike back with tariffs on a similar amount of U.S. exports. The big question is how far the two countries will go in their dispute over trade. “The market might get worked up about a tit-for-tat retaliation, which we’ll probably see,” said Scott Wren, senior global equity strategist for the Wells Fargo Investment Institute. “There’s a relatively low probability of an all-out trade war.”… Read full this story
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