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, -0.05% was down 11 points, or less than 0.1%, at 25,952, with shares of Nike NKE, -3.16% and 3M MMM, -1.10% 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, -0.17% was off 0.2% at 2,896, and the Nasdaq Composite Index COMP, -0.23% was down 0.3% at 8,086. All three of the equity benchmarks were trading off their worst levels for Tuesday.

See Full Story 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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