The shares fell on Tuesday because recovery proved to be short-lived, and the concerns of the investor returned to the next deadline of the President Donald Trump for the customs, according to which the cumulative customs will be introduced immediately after midnight.
Dow Jones Industrial Average fell by 320.01 points, or 0.84%, and closed at 37,645,59, which was the four-day loss on tariffs more than 4,500 points. Apple led losses as the cost of the iPhone manufacturer will increase with new customs in China. At its peak day, Dow increased by 3.9%.
S & P 500 dropped 1.57% to 4,982,77. The index was several inches away from the closure on the Bears market, which is in almost 19% compared to the record in February, and ended the session below 5,000 for the first time since April 2024. During the last four days, the S & P 500 fell for more than 12%.
Nasdaq Composite fell 2.15%, finishing at 15,267.91. The reference value of high technology increased by as much as 4.5% earlier during the day. Nasdaq lost more than 13% in a four-day decline.
Stocks have started the day with growth, and traders stated the reselled market as a reason for jump, seebiz. Investors also encouraged the signs that the United States will negotiate arrangements that would reduce customs duties for the main trading partners.
Trump announced on Tuesday on Truth Social that he had a “great conversation” with the acting of the president of South Korea, which helped strengthen the mood. Finance Minister Scott Bessent also said about CNBC on Tuesday that about 70 countries turned to the US for customs negotiations.
But the market ascent has disappeared anyway, with stocks like Apple that was forefronted. Apple shares closed almost 5% lower after they rose more than 4% earlier on Tuesday. The iPhone manufacturer lost almost 23% over the past four trading sessions.
