Dow cuts session loss in afternoon trade, but Nike and 3M's stocks keep index in the red

The Dow Jones Industrial Average was slashing its losses in late-Tuesday trade, but declines in shares of Nike Inc. and 3M Co., were keeping the blue-chip gauge in the red. The Dow DJIA, -0.31% was down 11 points, or less than 0.1%, at 25,952, with shares of Nike NKE, -0.12% and 3M MMM, -0.08% contributing the lion’s share of the index’s intraday fall. Nike’s stock had been under pressure for most of the session amid the debut of a controversial ad campaign featuring Colin Kaepernick, the National Football League quarterback who led national-anthem protests. Meanwhile, the S&P 500 index SPX, -0.22% was off 0.2% at 2,896, and the Nasdaq Composite Index COMP, -0.25% was down 0.3% at 8,086. All three of the equity benchmarks were trading off their worst levels for Tuesday.

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Stocks close lower on first trading day of September, Nike tops Dow losers

U.S. stocks kick off September on a weak note Tuesday, with all major indexes finishing lower, as investors focus on latest developments on the trade front.

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