Stock Market Erases Gains Amid Fears of Trade War and Tariffs on Canada, Mexico, and China

Benzinga

The stock market has erased gains since Election Day, with fears of a trade war replacing hopes for fiscal stimulus under President Trump. His tariffs on Canada, Mexico, and China have sparked concerns that inflation could resurface and hurt corporate profits. Wall Street showed volatility, with the Dow, S&P 500, and Nasdaq all closing lower on Tuesday. The S&P 500 has given up all its gains since Election Day, while the Nasdaq is nearing correction territory. Experts suggest a possible market bottom but warn that uncertainty and trade tensions remain.

Transcript

00:00It's Benzinga, bringing Wall Street to Main Street.

00:02The stock market has raised gains since election day, fears of a trade war replacing hopes for

00:06fiscal stimulus under President Trump. His tariffs on Canada, Mexico and China have sparked concerns

00:12that inflation could resurface and hurt corporate profits. Wall Street showed volatility with the

00:17Dow, S&P 500 and Nasdaq all closing lower on Tuesday. The S&P 500 has now given up all its

00:23gains since election day, while the Nasdaq is nearing correction territory. Experts suggest

00:28a possible market bottom, the war that uncertainty and trade tensions remain.

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