U.S. stocks closed lower in early trading

                                                                                    INQUIRY

      U.S. stocks closed lower Tuesday and all the early gains were reversed as the possibility of a prolonged trade war between the United States and China once again curbed risk appetite.
U.S. President Trump said Monday that he was "not ready" to reach an agreement with China, despite his expectation that an agreement might be reached in the future. The growing tariff war between China and the United States has raised concerns that trade wars may lead to a global economic slowdown.
"The market was doing well, but the tone of weakness prevailed at the end of the day," said Ryan Detrick, senior market strategist at LPL Financial.
"Choose one of these concerns, whether it is trade or consumer confidence, which will continue to ferment and gradually emerge, suggesting that respondents may be interviewed before China's problems worsen. Obviously, it's not all about trade.
Consumer confidence jumped in May as U.S. households were more optimistic about the job market, but analysts said strong data may not fully reflect the impact of the trade deadlock between Washington and Beijing.


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