S&P 500 ends sharply lower as tariff concession hopes wane

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The Star 1w ago

S&P 500 ends sharply lower as tariff concession hopes wane - The Star

Quick Summary:

The S&P 500 sold off sharply on Tuesday to close below 5,000 points for the first time in almost a year after it reversed a strong morning rally, while investor hopes faded for any imminent US delays or concessions on tariffs ahead of a midnight deadline.

The Dow Jones Industrial Average fell 320.01 points, or 0.84%, to close at 37,645.59, while the Nasdaq Composite lost 335.35 points, or 2.15%, to end at 15,267.91.

And United States Trade Representative Jamieson Greer said on Tuesday that exemptions to the global tariffs are not expected in the near term.