Trade Worries Send Stocks Lower

US stocks are closing lower as investors sold car makers and technology companies on fears the growing US-China trade dispute will hurt earnings, the AP reports. General Motors lost 2% and Tesla fell 4.1% Thursday after German automaker Daimler lowered its profit forecast, partly because of planned Chinese tariffs on cars imported from the US. Industrial companies like Boeing and Caterpillar also fell. Online retailers fell after the Supreme Court ruled that states can force more online shoppers to pay sales tax. Overstock.com skidded 7.2%. The Dow Jones industrials fell for the eighth day in a row. It lost 196 points, or 0.8%, to 24,461. The S&P 500 index lost 17 points, or 0.6%, at 2,749 and the Nasdaq composite dropped 68 points, or 0.9%, to 7,712. (More stock market stories.)