Stocks fall as Moody’s bank downgrade adds to August woes: Stock market news today

News Snapshot:

Stocks came under pressure Tuesday but recovered from steeper early 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 0.4%, or 150 points. Meanwhile, the S&P 500 (^GSPC) was down about 0.4%, and the tech-heavy Nasdaq Composite (^IXIC) slipped 0.8%, both paring losses of more than 1% earlier Tuesday. 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...