US stocks fell at the close of trading on Tuesday, August 2, coinciding with geopolitical tensions between China and the United States and with the disclosure of corporate results.
At the end of the session, the Dow Jones index fell by 1.23%, or regarding 402 points, to 32,396 points.
The S&P500 fell 0.67% at 4,091 points, and the Nasdaq fell 0.16% to 12,348 points.
Caterpillar stock declined by 5.8% following it revealed disappointing quarterly results.
For his part, Charles Evans, President of the Federal Reserve in Chicago, said that he hopes that the Federal Reserve will raise the interest rate by regarding half a percentage point at the next September meeting.
On the political front, Sino-US relations witnessed more tensions today, following the Speaker of the US House of Representatives, Nancy Pelosi, visited Taiwan.
