Weak Chinese export data, a dimmer financial outlook from United Parcel Service and a credit downgrade for 10 smaller U.S. banks sent stock indexes down on Tuesday.
The S&P 500 lost 0.4% and the Dow Jones Industrial Average declined about 0.5%, or 159 points. The Nasdaq Composite lost 0.8%. The declines mostly negated Monday’s blue-chip-driven gains and resumed the slide stocks have been on since the start of August.
Government bond prices climbed, pushing yields down. The benchmark 10-year U.S. Treasury yield dipped below 4% but ended at 4.024%, down from 4.076% Monday.
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