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US stocks tumbled in afternoon trading on Tuesday and ended sharply lower, with the S&P 500 narrowly avoiding a bear market after the White House said it plans to move forward on a threat to bring the overall tariff rate on China to 104%. That tariff rate will go into effect at 12:01 a.m. ET.
The benchmark S&P 500 (^GSPC) and tech-heavy Nasdaq Composite (^IXIC) each reversed gains of over 4% to fall around 1.6% and 2.2%, respectively. The Dow Jones Industrial Average (^DJI) slid roughly 0.8%, f...
>>> Read more: Stock market today: Dow sinks 300 points, S&P 500 nears bear market as Trump's tariffs keep roiling Wall Street
The benchmark S&P 500 (^GSPC) and tech-heavy Nasdaq Composite (^IXIC) each reversed gains of over 4% to fall around 1.6% and 2.2%, respectively. The Dow Jones Industrial Average (^DJI) slid roughly 0.8%, f...
>>> Read more: Stock market today: Dow sinks 300 points, S&P 500 nears bear market as Trump's tariffs keep roiling Wall Street
