Wall Street stocks slipped on Tuesday after a round of gloomy data on consumer confidence deepened investors’ concerns that Donald Trump’s tariffs will knock the world’s biggest economy.
The blue-chip S&P 500 index fell 0.5 per cent and the tech-heavy Nasdaq Composite dipped 1.4 per cent — with selling easing following sharper declines earlier in the day.
US stocks had risen sharply after Trump’s election in November on hopes he would enact pro-business economic policies, pushing the S&P 500 to a record high as recently as last Wednesday.
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