Wall Street closed sharply lower on Tuesday as the trade conflict between the United States and China intensified further.

Wall Street closed sharply lower on Tuesday as the trade conflict between the United States and China intensified further. Comments from top U.S. government officials raised concerns about a fresh tariff war which could dent investor confidence in risky assets like equities. All three major stock indexes finished in the red. The Dow Jones Industrial Average (DJI) plummeted 1.8% or 473.39 points to close at 25,965.09. The S&P 500 shaded 1.7% to close at 2,884.05. Meanwhile, the Nasdaq Composite Index closed at 7,963.76, plunging 2%. The fear-gauge CBOE Volatility Index (VIX) increased 25.1% to close at 19.32, its highest closing in nearly three months. A total of 7.8 billion shares were traded on Tuesday, higher than the last 20-session average of 6.71 billion.Decliners outnumbered advancers on the NYSE by a 4.13-to-1 ratio. On Nasdaq, a 3.32-to-1 ratio favored declining issues.