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* S & P 500 and Dow hit record lows in two weeks, Nasdaq nearly three weeks ago
* September data on consumer confidence weaker than expected
* Retail stocks, Amazon drops after the data
* The energy sector collapses as oil prices fall
* Index down: Dow 0.70%, S & P 0.90%, Nasdaq 1.46% (Updates early in the afternoon)
By Ambar Warrick and Medha Singh
September 24 (Reuters) – The S & P 500 and the Nasdaq were on the verge of their worst fall on Tuesday, as calls for the dismissal of US President Donald Trump gained momentum, as weak data consumer confidence added to the concerns raised by the Sino-US trade prolonged war.
Losses in US stocks accelerated, with the Dow Industrials Group poised for its biggest drop in three weeks, after US representative John Lewis became Tuesday one of the country's most prominent Democratic leaders. claim the opening of an impeachment proceeding against Trump.
Democrats' calls for Trump to be deposed for attempting to recruit a foreign power to dirty a national opponent have multiplied after a whistleblower from the US intelligence community filed a complaint with the US government. an internal watchdog concerning a telephone conversation between Trump and Ukrainian President Volodymyr Zelensky.
Trump has denied holding back US aid to Ukraine as a way to launch an investigation that would harm his Democratic political rival, Joe Biden.
"The situation between the president and what happened in Ukraine and, of course, prosecution with regard to his indictment, I think that's what drove the sale to itself. sell largely through algorithms, "said Robert Pavlik, chief investment strategist and senior portfolio. manager at SlateStone Wealth LLC in New York.
Major Wall Street indexes lost ground earlier in the day as Trump adopted a harsh tone to address China's business practices, as disappointing data on consumer confidence raised concerns about the impact economic of a long trade war between the two countries.
Steven Mnuchin, Treasury Secretary, opened higher on positive actions following positive comments on trade negotiations.
The retail index fell 1.3%, while a 2.2% decline in the online trading giant, Amazon.com, was the biggest drag on the S & P 500 and the Nasdaq.
The report is a bit worrisome, said Everett Millman, precious metals specialist at Gainesville Coins in Lutz, Florida, especially since "consumer confidence has been quite high, at least in the United States."
Investors will now turn to other data expected later this week, including the Fed's preferred indicator for inflation, to find more clues about the strength of the US economy.
At 13:46, the Dow Jones Industrial Average was down 187.54 points, or 0.70%, to 26,762.45 points, the S & P 500 down 27.03 points, or 0.90%, to 2,964.75. The Nasdaq Composite was down 118.36 points, or 1.46%, at 7,994.11.
The S & P 500 benchmark reached its lowest level in two weeks.
Nine of the top 11 sectors of S & P were down, with the energy sector down 1.8%, reflecting lower oil prices.
Only the consumer staples and defensive utilities sectors were up.
The Netflix Inc. streaming platform dropped 4%, its lowest level in almost nine months after Pivotal Research reduced its price target.
Nike Inc. fell 0.9%, which is above the results of the world's largest manufacturer of sportswear after the bell.
Falling issues outnumbered defenders for a ratio of 2.20 to 1 on the NYSE and 3.47 to one for the Nasdaq.
The S & P index posted 31 new highs over 52 weeks and two new lows, while the Nasdaq recorded 36 new highs and 83 new lows. (Report by Ambar Warrick, Arjun Panchadar and Medha Singh in Bengaluru, edited by Sriraj Kalluvila and Shounak Dasgupta)
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