The three major U.S. stock indexes opened higher on Tuesday as Trump administration officials indicated that negotiations are ongoing between the United States and other countries over tariffs, but the markets plunged as the day progressed.
As of Tuesday afternoon, the Dow Jones Industrial Average was down roughly 800 points, the Nasdaq Composite slid 3 percentage points, and the S&P 500 dropped more than 2 percent.
A two-day period last week saw one of the steepest concentrated selloffs for U.S. stocks, on par with the speed and intensity of drawdowns seen during the COVID-19 swoon in 2020 and the financial crisis slide in 2008, and has put the S&P 500 close to bear market territory.
Original News Source Link – Epoch Times
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