Wall Street’s Faith in Trade Truce Fades FastThe Dow plunged almost 800 points Tuesday, with retail stocks feeling the pain.

[Collection]Wall Street’s faith in the trade truce didn’t last long — and retail stocks took a hammering Tuesday as U.S. President Trump took to Twitter. Fading optimism in negotiations between the U.S. and China and posturing by Trump combined with worries over the health of the global economy fueled a sell-off in stocks that gave the Dow Jones Industrial Average its worst day since early October. The leading index tumbled almost 800 points, or 3.1 percent, to close at 25,027.07, while the S&P 500 shed 3.2 percent to 2,700.06, with many retail stocks feeling the pain. Among the hardest hit were G-III Apparel Group, down 6.7 percent to $40.76; American Eagle Outfitters Inc., 6.8 percent to $19.89; Vince Holding Corp., 5.8 percent to $12.13; and Urban Outfitters Inc., 4.6 percent to $37.50. This came in stark contrast to Monday, when markets were riding high on news that Trump agreed to hold off from raising tariffs on some Chinese imports to 25 percent from 10 percent as part of a 90-day negotiation. The agreement also meant that his threat to unleash levies on another $267 billion has been put on ice. Such a move would have most likely dragged the fashion sector into the fray. So far,

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