US Stocks Rattled Anew as Trump Ramps Up Trade War With Canada
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US stocks buckled again after Donald Trump’s latest trade-war salvo against Canada, with the S&P 500’s three-week rout now at 10% and megacap technology resuming a selloff that’s wiped out trillions in value.
The S&P 500 lost another 1.5% Tuesday, while the Dow Jones Industrial Average slid 1.7%. Selling was broad, with more than 400 S&P stocks lower. Energy, materials and industrials shares bore the brunt of selling on the headlines that Trump was ramping up tariffs on metals from Canada. A slew of poor earnings outlooks from airlines and consumer stocks added to the downdraft. The Cboe Volatility Index spiked above 29 amid the turbulence. The Nasdaq 100 fell 1.2%.