U.S. stocks close lower amid downbeat data, trade concerns

Electronic screen shows the trading chart at the New York Stock Exchange in New York, the United States, Aug. 1, 2019. U.S. stocks ended lower on Thursday, as investors digested a batch of negative data that pointed to slowing U.S. economic activity and grew concerned over U.S.-China trade prospects. The Dow Jones Industrial Average was down 280.85 points, or 1.05 percent, to 26,583.42. The S&P 500 was down 26.82 points, or 0.90 percent, to 2,953.56. The Nasdaq Composite Index fell 64.30 points, or 0.79 percent, to 8,111.12. (Xinhua/Wang Ying)