Dow ends lower after Trump hints that a trade deal with China could come after the 2020 election

Dow ends lower after Trump hints that a trade deal with China could come after the 2020 election

U.S. stocks pared losses Tuesday in the final hour of trading after trade jitters sent major averages tumbling earlier in the day.

Concerns that a trade deal with China could be delayed sent stocks lower for a third consecutive session. The Dow Jones industrial average closed 280 points lower after the blue-chip index shed more than 400 points in morning trading. The broader Standard & Poor's 500 and the tech-heavy Nasdaq Composite fell 0.7% and 0.6%, respectively.

Major averages have retreated from last week’s record highs because of fresh trade worries and weaker-than-expected U.S. manufacturing data. Investor concerns grew Tuesday after President Donald Trump suggested that a trade deal with China could be delayed beyond the presidential election in 2020.

“In some ways, I like the idea of waiting until after the election for the China deal, but they want to make a deal now, and we will see whether or not the deal is going to be right,” Trump told reporters in London at a NATO summit.

Refer from：USA TODAY, www.usatoday.com