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Barchart
Barchart
Rich Asplund

Stocks Finish Lower on US Tariff Hike on Canadian Steel and Aluminum

The S&P 500 Index ($SPX) (SPY) Tuesday closed down -0.76%, the Dow Jones Industrials Index ($DOWI) (DIA) closed down -1.14%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -0.28%.  March E-mini S&P futures (ESH25) are down -0.76%, and March E-mini Nasdaq futures (NQH25) are down -0.26%. 

Stock indexes Tuesday added to Monday’s sharp losses, with the S&P 500, Dow Jones Industrials, and Nasdaq 100 falling to 5-3/4 month lows.  Stocks recovered from their worst levels as short-covering emerged Tuesday afternoon on news that Canada would hold off on some retaliatory tariffs, and Ukraine said it would accept US plans for a truce with Russia in exchange for aid. 

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