U.S. Stocks Slide on Trade Concerns (Market Trading)

Wall Street extended losses on Tuesday ahead of high-level trade talks later this week after the Trump administration blacklisted 28 Chinese firms, including eight tech companies, while Beijing pledged to take measures to protect its sovereign security. Meanwhile, Bloomberg reported that Washington wants to limit Chinese stocks within government pension funds. The Dow Jones slumped 320 points or 1.2%; the S&P 500 lost 40 points or 1.3%; and the Nasdaq retreated 110 points or 1.3% around 11:30 AM NY time