Stocks fall | Trump lowers trade deficit | Musk's dance moves

Stocks were lower Tuesday as heightened geopolitical risks continued to weigh on markets.

VIEW IN BROWSER | SUBSCRIBE TUE, JAN 07, 2020 EVENING BRIEF AS OF TUE, JAN 07, 2020 • 04:10 ET DJIA 28583.68 -0.42% -119.70 S&P 500 3237.18 -0.28% -9.10 NASDAQ 9068.58 -0.03% -2.88   Most Active DOW NAME LAST CHG %CHG AAPL 298.39 -1.41 -0.47% MSFT 157.58 -1.45 -0.91% INTC 58.93 -1.00 -1.67% S&P 500 NAME LAST CHG %CHG GE 12.05 -0.09 -0.74% AMD 48.25 -0.14 -0.29% MU 58.27 +4.71 +8.78% NASDAQ NAME LAST CHG %CHG AMD 48.25 -0.14 -0.29% MU 58.27 +4.71 +8.78% AAPL 298.39 -1.41 -0.47% EDITOR'S NOTE President Donald Trump said he'd reduce the trade deficit and it looks like he finally did it in November.   The imbalance between imports and exports declined more than expected to the lowest level in three years,  CNBC's Jeff Cox writes.   Tariffs against China were a key driver - but it's likely the decline in Chinese imports to the U.S. will moderate once Trump signs a "phase one" trade deal, scheduled for Jan. 15.  Stocks were down Tuesday, as investors continued to assess heightened geopolitical risks from Iran. One of Wall Street's biggest bears, however,  is getting a little less pessimistic on his 2020 forecast, writes CNBC's Yun Li.   Francois Trahan, head of U.S. equity strategy at UBS, is expecting the S&P 500 to struggle in the first half of the year, but recover to 3,250. Of course, it's already trading around 3,240.   "We expect a V-shaped year for the S&P 500," Trahan said in a note Tuesday. "We see the Index struggling … as forward earnings come under pressure, and rebounding vigorously …  as equities start to discount an upcoming recovery in the economy."   Subscribe to CNBC PRO for exclusive insights and analysis, and live business day programming from around the world.   Al Lewis | CNBC Markets Editor @tellittoal TOP NEWS  Dow falls as investors weigh geopolitical risk Senate panel passes new North American trade deal, moving it closer to ratification US trade deficit falls more than expected to hit lowest level since Trump took office December's ISM non-manufacturing index comes in better than expected, easing recession fears Tesla shares surge as Musk dances his way into China; market cap approaches combined value of GM, Ford GM warns of ongoing challenges in China as sales fall 15% in 2019 Joe Biden says Trump is 'dangerously close' to starting a war with Iran McConnell: Trump impeachment trial rules will be passed without Democratic support JP Morgan tells wealthy clients a 'progressive overhaul' of economy is one of 2020's biggest risks Citigroup names David Chubak, 39 year old ex-McKinsey partner, as head of US retail banking     TOP VIDEO Tesla CEO Elon Musk dances to celebrate first Model 3 sedans rolling of line at new plant in Shanghai   CNBC PRO Tesla bear is forced to hike price target after rally, but still expects a 25% drop   SPECIAL REPORTS With Tesla at all-time highs, Cramer and other pros see more runway This FANG stock could be your best bet in 2020, market watchers agree   Unsubscribe Manage Newsletters Terms of Service Join the CNBC Panel Digital Products Feedback Privacy Policy   © 2020 CNBC LLC. All rights reserved. A property of NBCUniversal. 900 Sylvan Avenue, Englewood Cliffs, NJ 07632 Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes and Market Data and Analysis. Data also provided by THOMSON REUTERS