Stocks Plunge as Tariff Tensions Rattle Markets
Summary
Stocks plummeted on Tuesday, with the Dow Jones Industrial Average plunging 320.01 points or 0.84%, as investor anxiety escalated ahead of President Trump's looming tariff deadline, erasing a short-lived relief rally and pushing major indices to multi-month lows.
Key Points
- Stocks dropped Tuesday as a relief rally proved short-lived and investor anxiety returned ahead of President Donald Trump's next tariff deadline.
- The Dow Jones Industrial Average dropped 320.01 points, or 0.84%, bringing its four-day loss on tariff angst to more than 4,500 points.
- The S&P 500 declined 1.57% to end below 5,000 for the first time since April 2024, while the Nasdaq Composite fell 2.15%.