US stocks fall as pressure on energy sector continues

US stocks fell on Tuesday as pressure on the energy sector continued and global markets anticipation of the coming G20 summit, wich will be launched later this week.

President Donald Trump said today that he can dismiss Federal Reserve Chairman Jerome Powell from his post because of his monetary policy.

This comes after his repeated attack on the central bank and its officials as a result of what he called the adoption of monetary policy that adversely affected economic growth.

The Conference Board index of consumer confidence in the United States fell to 121.5 points, the lowest level since September 2017, official data showed.

The focus is still on Japan, which will include the G20 meeting, and is scheduled to have a meeting between Trump and his Chinese counterpart Xi Jinping to discuss the trade dispute.

In terms of trading, Dow Jones fell by 0.3% (equivalent to 80 points) to 26,648 points, Nasdaq fell 0.8% (63 points) to 7,948 points, while Standard & Poor's fell by 0.4% (13 points) to 2,932 points.