Stocks slip as investors face a rally gut check
U.S. stocks slipped slightly on Tuesday, as investors digested mixed economic data and a slowing Chinese economy. Crypto investors weighed the potential impact of a new cryptocurrency exchange backed by Citadel Securities.The Dow Jones Industrial Average fell 0.72%, to 34,053, the S&P 500 lost .47%, to 4,388, and the Nasdaq Composite dropped 0.16%, to 13,667. This was the first two-day losing streak in four weeks as U.S. equities trade off of one-year highs.The selling could have been ferocious, but it was more subdued; investors are grappling with hawkish signals from the Fed, but clearly...
Source: moneymorning.com
