Market report

U.S. stocks finished lower Tuesday as trade uncertainty and global growth concerns weighed on markets.

Declines were broad-based, with energy and industrial stocks as the worst performers.

In economic news, the International Monetary Fund cut its global growth forecast for the year to 3.3 percent, the lowest rate since 2009.

In corporate news, Wells Fargo announced it’s selling off its retirement and trust business to Principal Financial Group.

U.S. Treasury prices rose, as yields fell.

Volume on the New York Stock Exchange was moderate, with 757 million shares traded. Decliners outnumbered advancers by a 4-1 margin.

Gold rose $7.13 to $1,304.62, silver fell 3 cents to $15.23, and crude oil fell 37 cents to $64.03 a barrel.

The 30-year Treasury yield closed lower at 2.91 percent, and the 10-year Treasury yield finished lower at 2.5 percent.

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