A Big Tech rebound wasn’t enough to lift the Nasdaq Composite on Tuesday after tariff headlines continued to give Wall Street whiplash.
The Nasdaq Composite fell 0.2%, after trading higher heading into the final 10 minutes of trading. The S&P 500 dropped 0.8%. The Dow Jones Industrial Average, which has less exposure to tech, dropped 478 points, or 1.1%.
Stocks began the day selling off after President Donald Trump threatened steeper tariffs on Canada in response to a 25% surcharge in electricity from Ontario, Canada, to Michigan, New York, and Minnesota. Ontario’s Premier Doug Ford said he was responding to Trump’s tariffs.