U.S. stocks fell Tuesday, as the market awaited clarity from President Donald Trump regarding his tariff policy rollout. Tuesday also marks the beginning of the second-quarter after a bumpy first quarter.
The Dow Jones Industrial Average dropped 238 points, or 0.6%. The S&P 500 shed 0.4%, and the Nasdaq Composite slid 0.3%.
Shares of Alphabet and Apple lost more than 1% each. Tesla, meanwhile, climbed more than 2%.
The White House on Wednesday is expected to unveil reciprocal tariffs on goods from virtually all countries. Investors had been hoping for a narrow approach toward administering the levies.
On Tuesday, The Washington Post reported that the Trump administration is considering implementing tariffs of about 20% to most imports into the U.S. To be sure, the report — which cited three sources familiar with the matter — noted that no final decision had been made.
Source : CNBC
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