Stocks under pressure amid worries about US banks and China: Stock market news today

News Snapshot:

Stocks remained under pressure but somewhat recovered from steeper losses in afternoon trading on Tuesday after a warning about US bank health and surprisingly weak Chinese trade data sent shivers through markets. The Dow Jones Industrial Average (^DJI) dropped about 1%, or 360 points. Meanwhile, the S&P 500 (^GSPC) was down almost 1.1%, and the tech-heavy Nasdaq Composite (^IXIC) sank around 1.5%. Worries about US banks were revived after Moody's downgraded 10 small and midsize institutions, which came with a warning it could lower credit ratings for some of the nation's biggest lenders. It flagged risks in their commercial real...