Wall Street's main indexes fell on Tuesday as higher Treasury yields weighed on some major growth stocks, while downbeat data on services activity in China stoked worries over demand in the world's second largest economy.
"Investors are grappling with what we consider to be a still relatively weak economic and profit environment for the average corporation," said Jason Pride, chief of investment strategy and research at Glenmede.
"The recession is definitely delayed within the United States ... we are seeing fairly weak economic environments in both China and Europe."expanded at the slowest pace in eight months in August, a private-sector survey showed, as weak demand continued to dog the world's second-largest economy and stimulus failed to meaningfully revive consumption., JD.com , Baidu and Alibaba fell between 0.5% and 2.9%.was a bright spot, up 0.
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