US stock market: Dow dips over 50 points while Nasdaq was up 0.09%; Wall street trades flat amid Donald Trump's latest tariff threat
In early trading, the Dow Jones Industrial Average slipped 0.14% to 44,343, shredding 62 points.
The Nasdaq was up 19 points of 0.09%, reaching 20,431. S&P 500 also remained flat, gaining 0.01% or 0.63 points to 6,230, at 7:31 PM IST.
Both the S&P 500 and Nasdaq had retreated from record highs on Monday in the wake of Trump's announcements. Analysts say the recent rally may have left markets vulnerable to a pullback.
Trump issued letters to key trade partners, including Japan and South Korea, on Monday, threatening steep tariffs from 1 August unless new agreements are reached with Washington.
However, he hinted at possible flexibility, telling reporters the deadline was 'firm, but not 100-percent firm.'
The 1 August timeline itself marks a delay from an earlier White House target of 9 July.
Art Hogan, chief market strategist at B Riley Wealth Management, said the market's response so far appeared more calculated than reactive.
'Investor reaction Monday was more mathematical than it was emotional,' he noted, pointing to a climate increasingly familiar with the president's unpredictable trade stances.
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Hindustan Times
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- Hindustan Times
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an hour ago
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