Wall Street: US stocks end lower on tariff uncertainty – The Times of India

Merchants work on the ground of the New York Inventory Alternate. (File photograph)

Wall Avenue ended lower on Tuesday, extending a turbulent interval of losses as uncertainty over US President Donald Trump’s tariff insurance policies continued to shake investor confidence.
Trump mentioned late within the afternoon that he would “in all probability” rethink doubling deliberate tariffs on Canadian metal and aluminum, simply hours after saying a pointy hike. The again-and-forth on tariff measures in opposition to some of america’ closest buying and selling companions has rattled markets, compounding fears of an financial slowdown.
“The volatility is nothing new to us over the course of the final three weeks,” mentioned Artwork Hogan of B Riley Wealth Administration. He famous that market swings have been “largely pushed by the uncertainty round issues like tariffs.” Nevertheless, he additionally identified that Tuesday marked a possible shift, saying, “For the primary time in three weeks, it seems as if we is perhaps getting a bit of bit of excellent news… there is perhaps a window cracked open within the negotiations with Canada on tariffs.”
The Dow Jones Industrial Common fell 1.1%, closing at 41,433.48. The S&P 500 slid 0.8% to five,572.07, whereas the tech-heavy Nasdaq Composite retreated 0.2% to 17,436.10. The downturn adopted Monday’s vital plunge, which noticed the Nasdaq undergo its worst single-day loss since 2022.
Since taking workplace, Trump has imposed sweeping tariffs on imports from Canada, Mexico, and China, although he has at instances walked again some levies on key buying and selling companions.
“Definitely, the longer this uncertainty persists, the extra traders are prepared to take cash off the desk and de-danger their portfolios,” Hogan added.
Regardless of the final market decline, the Nasdaq discovered some help from main tech stocks. Tesla rebounded 3.8% following Trump’s announcement that he would buy one of the corporate’s automobiles, whereas AI chipmaker Nvidia climbed 1.7% after struggling steep losses on Monday.
Markets in freefall earlier than partial restoration
Tuesday’s losses deepened fears that Wall Avenue could possibly be heading right into a correction section. At one level in the course of the session, the S&P 500 briefly fell greater than 10% under its file excessive from final month, a stage that skilled traders outline as a correction.
The S&P 500 finally fell 0.8% however fluctuated all through the day, at one stage dropping as a lot as 1.5%. The Dow misplaced 478 factors, whereas the Nasdaq hovered out and in of optimistic territory earlier than ending with a 0.2% loss.
(With inputs from businesses)