U.S. stocks kicked off September on a down note Tuesday as investors returned from a three-day weekend, with pressure attributed to the implementation of new tariffs by U.S. and China on each other as well as data that indicated the first contraction in manufacturing activity since 2016.
The Dow Jones Industrial Average DJIA, -1.08% fell around 285 points, or 1.1%, to end near 26,118, according to preliminary figures, while the S&P 500 SPX, -0.69% fell around 20 points, or 0.7%, to close near 2,906. The Nasdaq Composite COMP, -1.11% ended near 7,874, off around 89 points, or 1.1%.
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