U.S. Stocks Close Lower as Trade Tensions Simmer

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The S&P 500 fell Tuesday, as the dimming likelihood of an imminent trade deal upended earlier gains and sent investors seeking less risky assets like U.S. government bonds.

The broad index was recently down 0.8%, giving up an earlier advance of as much as half a percentage point to put the S&P 500 on pace for another tough week. Losses widened among shares of consumer staples, utilities and energy companies throughout the session, more than offsetting gains from communication stocks.

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