Wall Street pushed down by weak data, trade worries

NEW YORK - U.S. stocks fell on Tuesday as investors worried about global growth prospects after data showed U.S. factory activity shrank in August for the first time since 2016 and the United States and China imposed new tariffs on each other over the weekend.

Compounding the uncertainty, the Institute for Supply Management said early in the day that its index of national factory activity dropped to 49.1, compared with a reading of 51.1 estimated by analysts polled by Reuters. “Not only have expectations been receding for a U.S.-China deal but they can’t even agree on a date to meet,” said Young.

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