Stocks pared their losses late Tuesday as the Nasdaq attempted a recovery after President Donald Trump announced he is raising tariffs on Canadian steel and aluminum to 50% and threatened higher duties on imported cars.<\/p>\n\n\n\n
Trump’s move, announced on Truth Social, claimed that these tariffs would “essentially, permanently shut down the automobile manufacturing business in Canada.” He added, “Those cars can easily be made in the USA!”<\/p>\n\n\n\n
The S&P 500 edged closer to correction territory, slipping 0.5% to around 5,580. The Dow Jones Industrial Average (^DJI<\/strong>) dropped roughly 400 points, or 1%, weighed down by a decline in Verizon (VZ<\/strong>) shares. Meanwhile, the Nasdaq Composite (^IXIC<\/strong>) reversed earlier losses, climbing 0.3%.<\/p>\n\n\n\n The market turbulence follows Monday\u2019s steep losses, where the Nasdaq plunged 4% in its worst single-day drop since 2022, dragged down by declines in the “Magnificent Seven” megacap stocks. Tesla (TSLA<\/strong>) saw a modest rebound Tuesday after receiving public support from Trump.<\/p>\n\n\n\n Wall Street sentiment has darkened as investors weigh the risks of stagflation, exacerbated by deep corporate economic forecast cuts and uncertainty surrounding growth.<\/p>\n\n\n\n Labor market data released Tuesday largely aligned with expectations, keeping investor focus on upcoming inflation reports. February\u2019s Consumer Price Index (CPI<\/strong>) report is set for release on Wednesday, followed by the Producer Price Index (PPI<\/strong>) on Thursday.<\/p>\n\n\n\n <\/p>\n","protected":false},"excerpt":{"rendered":" Stocks pared their losses late Tuesday as the Nasdaq attempted a recovery after President Donald Trump announced he is raising tariffs on Canadian steel and aluminum to 50% and threatened higher duties on imported cars. Tariff Impact on Markets Trump’s move, announced on Truth Social, claimed that these tariffs would “essentially, permanently shut down the<\/p>\n","protected":false},"author":5,"featured_media":6311,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[3623,3624,3625,290,3025,3626,3197,3622,3600,3014],"class_list":{"0":"post-6310","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-auto-tariffs","9":"tag-canada-trade-war","10":"tag-cpi-report","11":"tag-economic-growth","12":"tag-investor-sentiment","13":"tag-ppi-report","14":"tag-stagflation","15":"tag-steel-and-aluminum-tariffs","16":"tag-stock-market-impact","17":"tag-trump-tariffs"},"_links":{"self":[{"href":"https:\/\/guardianglobe.org\/index.php?rest_route=\/wp\/v2\/posts\/6310"}],"collection":[{"href":"https:\/\/guardianglobe.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/guardianglobe.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/guardianglobe.org\/index.php?rest_route=\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/guardianglobe.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6310"}],"version-history":[{"count":1,"href":"https:\/\/guardianglobe.org\/index.php?rest_route=\/wp\/v2\/posts\/6310\/revisions"}],"predecessor-version":[{"id":6312,"href":"https:\/\/guardianglobe.org\/index.php?rest_route=\/wp\/v2\/posts\/6310\/revisions\/6312"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/guardianglobe.org\/index.php?rest_route=\/wp\/v2\/media\/6311"}],"wp:attachment":[{"href":"https:\/\/guardianglobe.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6310"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/guardianglobe.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6310"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/guardianglobe.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6310"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Volatility Following Monday\u2019s Sell-Off<\/h2>\n\n\n\n
Key Inflation Data Ahead<\/h2>\n\n\n\n