US Stocks Close Lower After Volatile Session Tests Dip Buyers
Gantry cranes and container ships at the Yangshan Deepwater Port in Shanghai.
Photographer: Qilai Shen/BloombergStocks closed lower on Tuesday, in a session that offered a taste of the volatility that dip-buyers will likely face if trade tensions between the US and China keep rising.
The S&P 500 ended down 0.2%, after a series of trade-related headlines sent it careening from a 1.5% loss into the green, only to close lower after a social media post from President Donald Trump sapped investor confidence in the rally. The Nasdaq 100 fell 0.7%. The Cboe Volatility Index turned higher at the end of the day and was recently near 21.