Wall Street today: US stocks extend losses after Trump threatens more tariffs on Canada | Stock Market News
Source: Live Mint
US stocks extended losses on Tuesday after President Donald Trump threatened more tariffs on Canada.
Trump said he would raise tariffs on steel and aluminum coming from Canada.
As of 11 AM Eastern time, the S&P 500 was down 0.9%, the Dow Jones Industrial Average was down 1.3%, and the Nasdaq Composite was 0.5% lower.
In the bond market, the yield on the 10-year Treasury slipped to 4.21% from 4.22% late on Monday.
Gainers and losers
Among megacap stocks, Elon Musk’s Tesla rose 1.7% and Nvidia gained 0.2%,
Oracle stock slumped 56% after the technology giant’s quarterly profit and revenue fell short of expectations.
Delta Air Lines stock plunged 8.5% after the company said it’s already seeing the change in confidence, which is affecting demand for close-in bookings for its flights.
Southwest Airlines shares rallied 5.6% despite the carrier cut its forecast for an important underlying revenue trend.
