Wall Street saw a mixed start on Tuesday as investors digested President Donald Trump’s renewed tariff warnings while also weighing concerns over high stock valuations.
In early trading, the Dow Jones Industrial Average slipped 0.01% to 44,399.86, shredding 6.50 points. The Nasdaq was up 37.56 points of 0.18%, reaching 20,450.08. S&P 500 also inched up 0.10% or 6.30 points to 6,236.28, at 7:25 PM IST.
Both the S&P 500 and Nasdaq had retreated from record highs on Monday in the wake of Trump’s announcements. Analysts say the recent rally may have left markets vulnerable to a pullback.
Trump issued letters to key trade partners, including Japan and South Korea, on Monday, threatening steep tariffs from 1 August unless new agreements are reached with Washington. However, he hinted at possible flexibility, telling reporters the deadline was “firm, but not 100-percent firm.”
The 1 August timeline itself marks a delay from an earlier White House target of 9 July.
Art Hogan, chief market strategist at B Riley Wealth Management, said the market’s response so far appeared more calculated than reactive.
“Investor reaction Monday was more mathematical than it was emotional,” he noted, pointing to a climate increasingly familiar with the president’s unpredictable trade stances.
In early trading, the Dow Jones Industrial Average slipped 0.01% to 44,399.86, shredding 6.50 points. The Nasdaq was up 37.56 points of 0.18%, reaching 20,450.08. S&P 500 also inched up 0.10% or 6.30 points to 6,236.28, at 7:25 PM IST.
Both the S&P 500 and Nasdaq had retreated from record highs on Monday in the wake of Trump’s announcements. Analysts say the recent rally may have left markets vulnerable to a pullback.
Trump issued letters to key trade partners, including Japan and South Korea, on Monday, threatening steep tariffs from 1 August unless new agreements are reached with Washington. However, he hinted at possible flexibility, telling reporters the deadline was “firm, but not 100-percent firm.”
The 1 August timeline itself marks a delay from an earlier White House target of 9 July.
Art Hogan, chief market strategist at B Riley Wealth Management, said the market’s response so far appeared more calculated than reactive.
“Investor reaction Monday was more mathematical than it was emotional,” he noted, pointing to a climate increasingly familiar with the president’s unpredictable trade stances.
You may also like
Indonesia gears up to host 2025 Artistic Gymnastics World Championships
John McEnroe calls out Cam Norrie for 'weird' behaviour against Carlos Alcaraz
Teacher mauled by lion at zoo pictured as clip of staff kissing predator emerges
She went to Oxford, starred in Bridgerton, and just stole the spotlight at Wimbledon: Who is British-Indian actor Charithra Chandran?
Delhi CM Rekha Gupta approves Rs 53 crore for district fund, community projects
