U.S. stocks dropped on Tuesday on Soft Chinese trade numbers and Ukraine concerns

U.S. stocks dropped on Tuesday as investors locked in gains on Soft Chinese trade numbers and concerns over Ukraine standoff.

The Dow Jones industrial average fell 67.43 points or 0.41%, to 16,351.25, the S&P 500 dropped 9.54 points or 0.51%, to 1,867.63 and the NASDAQ Composite Index dropped 27.26 points or 0.63%, to 4,307.188.

The S&P retail index dropped 0.66%.

Retailer Urban Outfitters Inc. dropped 4.3% to $35.91 after the company reported it expects poor weather will contribute to lower sales in the first quarter.

Plug Power shares dropped 41.5% to $6.03 after short-seller Citron Research reported the fair value of the stock was 50 cents.

Fuel Cell Energy shares dropped 16.5% to $3.28.

Ballard Power Systems shares dropped 25.9% to $5.10 and Hydrogenics Corp dropped 14.7%.

Among top Dow Jones Industrial Average performers were McDonald’s, up 3.76%, Visa, up 0.79%, and Wal-Mart Stores, up 0.65%.

Among the Dow Jones Industrial Average’s worst performers were Goldman Sachs, down 2.09%, DuPont, down 1.96%, and United Technologies, down 1.80%.

At the close of European trade, the EURO STOXX 50 dropped 0.06%, France’s CAC 40 dropped 0.48%, while Germany’s DAX 30 rose 0.46%. In the U.K., the FTSE 100 dropped 0.06%.


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