“After three days of global market turmoil not seen since the early days of the Covid-19 pandemic, stocks regained a measure of calm on Tuesday despite little letup in the escalating trade tensions caused by President Trump’s tariffs,” the New York Times reports.
“The S&P 500 posted a big gain at the open of trading, but the rally steadily faded and the index wavered between small gains and losses in the afternoon. The moves came after a brutal three-day slide that pulled the benchmark close to a bear market, or a drop of 20 percent or more from its recent high. The index remains nearly 18 percent below its mid-February record, having tumbled more than 10 percent in the days since Mr. Trump announced sweeping tariffs on major U.S. partners last week.”
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