The S&P 500 hovered around the flatline on Tuesday, while the Nasdaq slipped 0.4% following three consecutive sessions of losses. Meanwhile, the Dow Jones added about 100 points.
Investor sentiment remained pressured by geopolitical and trade tensions after President Trump confirmed that tariffs on Mexican and Canadian imports, previously paused for a month, will take effect next week. Additionally, reports surfaced that the US is tightening restrictions on China's chip industry.
Tech, communication services, and utilities were the worst-performing sectors, while real estate, materials, and consumer staples outperformed. Nvidia fell about 1% as traders awaited its earnings report due tomorrow, while Intel declined 0.9%. Tesla dropped 3% after reporting a sharp decline in European sales. On the other hand, Home Depot shares rose 2.3% following the release of its quarterly results.
Source: Trading Economics
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