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 0.14% to 44,343, shredding 62 points. The Nasdaq was up 19 points of 0.09%, reaching 20,431. S&P 500 also remained flat, gaining 0.01% or 0.63 points to 6,230, at 7:31 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.
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Read MoreThe TOI Business Desk is a vigilant and dedicated team of journalists committed to delivering the latest and most relevant business news from around the world to readers of The Times of India. The primary focus of the TOI Business Desk is to keep a watchful eye on the global business landscape, covering a wide spectrum of industries, markets, economic trends, in-depth analysis, exclusive reports and breaking stories that impact businesses and economies. With a mission to provide valuable insights and updates, the desk ensures that TOI readers are well-informed about the ever-changing and dynamic world of commerce and can navigate the complexities of the business world.
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