Serco Inc. was the only Index company to close Tuesday in positive territory.
News that March’s $51.4 billion trade deficit beat expectations of many market analysts and losses in European and Chinese markets triggered a sell-off of U.S. stocks with NASDAQ biotechnology stocks down 2 percent, according to CNBC.
The Dow Jones Industrial Average fell 0.79 percent — or 142.33 points — to 17, 928.07, the S&P 500 composite index declined 1.18 percent to 2, 089.47 and the NASDAQ composite index tumbled 1.55 percent to 4, 939.33.