Traders work on the floor at the NYSE in New York By Amy Caren Daniel (Reuters) - U.S. stocks fell on Wednesday, as a clutch of weak economic data from the United States and China sparked worries of slowing global growth against the backdrop of a bitter trade dispute that has roiled financial markets.
The weak data hit U.S. treasury yields, and the interest rate sensitive banking stocks fell 1.3%.
Concerns that the trade dispute could be protracted and may impact the global economy have kept investors on the edge over the past couple of days, with the benchmark SP index now 4.6% below its all-time high reached two weeks ago.
Macy's Inc reversed premarket gains to trade 0.5% lower after the department store operator said the recent hike in U.S. tariffs on Chinese goods will hurt its furniture business.
Agilent Technologies (NYSE:) Inc's shares fell 8.5%, the most on the SP 500, after the medical equipment maker reported quarterly results below estimates.