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U.S. stocks close lower

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U.S. stocks close lower

2026-02-04 12:03 Last Updated At:13:07

U.S. stocks ended lower on Tuesday.

The Dow Jones Industrial Average fell by 166.67 points, or 0.34 percent, to 49,240.99. The S and P 500 sank 58.63 points, or 0.84 percent, to 6,917.81. The Nasdaq Composite Index shed 336.92 points, or 1.43 percent, to 23,255.19.

Six of the 11 primary S and P 500 sectors ended in red, with technology and communication services leading the laggards by going down 2.17 percent and 1.28 percent, respectively. Meanwhile, energy and materials led the gainers by rising 3.29 percent and 2 percent, respectively.

U.S. stocks close lower

U.S. stocks close lower

China made public a work plan on Friday to further upgrade service consumption infrastructures and support housekeeping, elderly care and childcare sectors.

The document, jointly released by the Ministry of Commerce and eight other departments, outlined 64 measures to boost service consumption, including traditional sectors like catering and accommodation, tourism, as well as elderly care and childcare.

Emerging growth sectors, such as housekeeping, performance services and inbound consumption, are also covered.

These measures will create new consumption scenarios amid efforts to drive service consumption and meet people's growing needs for a better life, according to the ministry.

China unveils plan to further boost service consumption

China unveils plan to further boost service consumption

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