U.S. stocks sold off for a third consecutive session on Tuesday after comments from President Donald Trump and Commerce Secretary Wilbur Ross threw cold water on hopes of a possible near-term respite from the market-bruising U.S.-China trade war.
At closing bell, the Dow Jones fell one percent;,the S&P 500 lost seven-tenths of a percent and the Nasdaq Composite dropped point-6 percent.
Oil prices recovered partially on Tuesday after falling sharply late last week.
January WTI gained 79 cents Monday, settling at $55.96 per barrel. The contract traded within a range from $55.42 to $56.67.
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