U.S. stocks finish lower on economic uncertainty and trade tensions, while gold continues selloff

U.S. stocks finish lower on economic uncertainty and trade tensions, while gold continues selloff


The Dow Jones Industrial Average and S&P 500 snapped a three-day stretch of gains to end lower on Wednesday amid a mix of economic uncertainty, U.S.-China trade tensions, and a selloff in gold. The Nasdaq Composite also fell.

The continuing government shutdown in Washington gave rise to concerns of eventual damage to the economy, while gold’s selloff raised worries about volatility. Separately, Reuters reported that the Trump administration is considering curbs on a wide range of software-powered exports to China.

The Dow fell 334.33 points, or 0.7%, to finish at 46,590.41, based on preliminary data. It had reached a record close of 46,924.74 on Tuesday.

The S&P 500 dropped 35.95 points, or 0.5%, to end at 6,699.40.

The Nasdaq Composite declined 213.27 points, or 0.9%, to close at 22,740.40.



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