The S&P 500 Index ($SPX) (SPY) Tuesday closed down -0.77%, the Dow Jones Industrials Index ($DOWI) (DIA) closed down -0.95%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -0.88%. June E-mini S&P futures (ESM25) are down -0.83%, and June E-mini Nasdaq futures (NQM25) are down -0.89%.
Stock indexes settled moderately lower on Tuesday after recent comments by various US companies bolstered concern about economic damage from the trade war. In the latest such comment, Ford Motor late Monday pulled its full-year financial guidance due to President Trump’s tariff plans and said the tariffs will reduce 2025 adjusted earnings by about $1.5 billion this year on a net basis, citing “industrywide supply chain disruption.” Trade uncertainty caused by US tariffs also weighs on market sentiment and stock prices.
