direct: US stock indices fell at the close of trading on Tuesday, as the Dow Jones lost more than 370 points while the stimulus talks were suspended.
Stocks turned to a strong fall before the close, with US President Donald Trump announcing the postponement of stimulus talks with Democrats until after the presidential election on November 3.
This came hours after Federal Reserve Chairman Jerome Powell called for more fiscal stimulus by Congress.
Stocks rose at a strong pace on Monday as investors grew optimistic about President Donald Trump’s health and hospital discharge.
Economic data revealed that the trade balance deficit in the United States increased by 6 percent last August.
At the close, the Dow Jones Industrial Average fell 1.3 percent, or 375 points, to 27,772 points.
The “Standard & Poor’s” index fell 1.4 percent to 3360 points, while the “Nasdaq” index fell 1.6 percent to 11,154 points.
By 8:10 PM GMT, the main dollar index that measures the currency’s performance against the six major currencies rose 0.2 percent to 93.74.