Stocks post small losses amid U.S.-China trade anxiety

Stocks closed slightly lower on Wall Street on Thursday after a mostly listless day of trading handed the market its third straight drop.

The S&P 500 index dropped 4.92 points, or 0.2%, to 3,103.54. The Dow Jones industrial average fell 54.80 points, or 0.2%, to 27,766.29. The Nasdaq slid 20.52 points, or 0.2%, to 8,506.21. “That Dec. 15 deadline on tariffs still weighs on the market,” said Quincy Krosby, chief market strategist at Prudential Financial. “The market needs a sense that there won’t be an escalation in the trade war.”

“We don’t want to see tariffs on consumer goods that get passed on directly to retail purchasers because they’re the last leg on which the economy is standing right now,” Bannister said.

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