37m agoThanks for joining us. We’re going to pause the blog for now, but we’ll fire it back up if circumstances warrant. Here are a couple of takeaways from the day’s market activity in the US:
- US stocks went on a roller coaster ride Tuesday, with both the S&P 500 and the Nasdaq 100 indexes reversing direction multiple times as a slew of headlines whipped traders.
- The S&P 500 Index closed down, but well off lows of the day that briefly tipped the gauge into correction territory — more than 10% from its recent high — as President Donald Trump said he’d ratchet up tariffs on Canada. Later in the day, Trump’s comments that he may back off the tariffs, and news that Ukraine had accepted a US proposal for a 30-day truce with Russia, gave investors reason to buy the dip.
- The Nasdaq 100 Index also closed slightly lower on the day, but was far from highs the and lows of the day. Some of the top technology stocks that sold off in Monday’s rout helped the index claw back into positive territory Tuesday — gains in MicroStrategy, Broadcom, Nvidia and Tesla lifted the rest of the index.
Carmen ReinickeStocks Reporter