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

News on stock market is seen on a screen 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)