India, Aug. 5 -- After initially extending yesterday's rally in early trading, stocks moved mostly lower over the course of the session on Tuesday. The major averages all moved to the downside, partly offsetting Monday's strong gains.
The major averages all finished the day in negative territory. The Nasdaq slid 137.03 points or 0.7 percent to 20,916.55, the S&P 500 fell 30.75 points or 0.5 percent to 6,299.19 and the Dow edged down 61.90 points or 0.1 percent to 44,111.74.
The downturn on Wall Street may partly have reflected ongoing trade concerns following President Donald Trump's latest comments on tariffs.
In an interview on CNBC's "Squawk Box," Trump said he will be announcing new tariffs on semiconductors and chips as soon as next...