NEW YORK - Wall Street stocks tumbled on Tuesday after a hawkish statements on trade by President Donald Trump and as congressional Democrats moved towards an impeachment inquiry into Trump.
After starting the day higher, major indices fell into the red at mid-morning and stayed in negative territory the rest of the day. Worries about trade have been on the market's mind for more than a year, leading to occasional selloffs, but Trump's UN address adopted a tough line ahead of talks in October.
But the US president also found himself on the defensive as Democratic leaders signalled they expect to launch an impeachment investigation.
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