On Tuesday Eastern Time, the three major US stock indices collectively closed down. As of the close, the Dow Jones Industrial Average fell 0.15%, the Nasdaq fell 0.33%, and the S&P 500 index fell 0.2%. The Nasdaq and S&P have ended their eight consecutive gains. Popular Chinese concept stocks fell on Tuesday, with the Nasdaq China Golden Dragon Index (HXC) closing down 3.95%. Vipshop will drop by over 17%.