The S&P 500 Index ($SPX) (SPY) Tuesday closed down -1.22%, the Dow Jones Industrials Index ($DOWI) (DIA) closed down -1.55%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -0.36%. March E-mini S&P futures (ESH25) are down -0.77%, and March E-mini Nasdaq futures (NQH25) are up +0.12%.
Stock indexes retreated on Tuesday, with the S&P 500 and Nasdaq 100 falling to 4-month lows and the Dow Jones Industrials falling to a 7-week low. Worries about escalating global trade tensions undercut equity markets again Tuesday. New US tariffs began on Tuesday on US imports from Canada, Mexico, and China, and Canada and China retaliated. Bank stocks and travel companies were also under pressure Tuesday, leading to losses in the broader market. However, a rebound in chip stocks in afternoon trade lifted the overall market from its worst levels.
