💨 Abstract

Stock indexes in the US fell sharply on Tuesday, with the Nasdaq Composite entering correction territory, as the US imposed steep tariffs on Canada, Mexico, and China. This move raised concerns about the impact on the economy. The S&P 500 also dropped, and government bond yields fell. The selloff was broad, with all major sectors lower. The decline was driven in part by worries about higher consumer prices due to the tariffs.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖