US stocks drop as markets close
US stocks dived on Tuesday after yet another volatile trading day.
The S&P 500 fell 1.6% after wiping out an early gain of 4.1%, which had it on track for its best day in years. That brought the index nearly 19% below its record set in February.
The Dow Jones Industrial Average was down 683 points, or 1.8%, after giving up an earlier surge of 1,460 points.
The Nasdaq composite was down 3.2%.
Key events
Closing summary
Wall Street suffered another session of sharp losses as investors’ hopes for US delays or concessions on tariffs ahead of a midnight deadline turned to despair.
The White House’s press secretary, Karoline Leavitt, poured water on hopes that Donald Trump might delay his tariffs set to kick in on Wednesday.
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The S&P 500 fell 79.48 points, or 1.6%, to 4,982.77, after surging 4% earlier in the…
