Due to falling financial stocks and uncertain trade prospects- bearings center

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Due to falling financial stocks and uncertain trade prospects

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The U.S. stock market fell Tuesday, dragged down by the decline in financial stocks, as the upside-down of the U.S. Treasury bond yield curve intensified, raising concerns about the U.S. recession, and the uncertainty of any progress in the Sino-U.S. trade negotiations weighed on the market.
U.S. stock markets opened higher, continuing Monday's rebound as U.S. President Trump is expected to hold a new round of trade talks with Beijing. However, China's Foreign Ministry reiterated on Tuesday that it had not heard of any recent calls between the two sides on trade issues.
The upside-down of the two-year and 10-year Treasury bond yield curves has intensified, highlighting concerns about the global economic slowdown.
"The development of the situation will be very confusing. Unfortunately, without significant softening of trade positions, this may slow things down and derail them, and the economy will suffer as a result," said Jack Ablin, chief investment officer of Cresset Capital Management.
The Dow Jones industrial average. DJI fell 120.93 points, or 0.47%, to 25,777.9; the S&P 500 index. SPX fell 9.22 points, or 0.32%, to 2,869.16; and the Nasdaq index. IXIC fell 26.79 points, or 0.34%, to 7,826.95.
Financial stocks, usually weak in low interest rates and a weak economic environment, fell 0.72%, while defensive utilities led the way, rising slightly by 0.14%.
The S& P 500 index fell nearly 4% in August as investors worried about the impact of the intensification of the trade war between the United States and China on global economic slowdown and corporate profits, while the pace of interest rate cuts by the Federal Reserve (FED/Federal Reserve) was uncertain.
The next meeting of the Federal Reserve is scheduled for mid-September, and investors are measuring the strength of the U.S. economy to find clues about interest rate trends. The government will release its monthly employment report and manufacturing data next week, which will be some of the factors investors will consider before the announcement of the policy.

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