:max_bytes(150000):strip_icc():format(jpeg)/GettyImages-2202698859-61b5582c37854ea79b061eb48775f574.jpg "Screens of data and other information seen on the floor of the New York Stock Exchange on Tuesday.")
Timothy A. Clary / AFP via Getty Symbols
US stocks’ post-election run has come full circle.
The S&P 500 fell more than 1% on Tuesday to close at its worst level since Election Day on Nov. 5. At just under 5,780, the benchmark index is down 6% from its all-time private high, which was set less than two weeks ago.
Concerns about the effects of trade policy, with President Donald Trump’s levies on Canada and Mexico taking effect today, are currently in focus, but factors including stubborn inflation, the path in the lead for interest rates and the health of the AI trade have also weighed on markets, pulling major indexes back from post-election grands.
The tech-focused Nasdaq is also below its Nov. 5 close; so is the small-cap Russell 2000. The Dow industrials are still holding onto post-election get nearer ti—but it, along with the other three indexes mentioned here, are all in the red this year. Concerns about the state of the US brevity and markets have driven some investors to consider European equities.
“Considerable downside risks to the growth opinion are mounting,” Deutsche Bank analysts wrote in a note published earlier today. “Trade policy uncertainty has hit verifiable levels, financial conditions are tightening, sentiment indicators signal weaker growth momentum, and more trade activities are likely to come.”
Trump is set to speak later today. His speech comes ahead of closely watched job-market details due Friday; personal spending fell in January, according to recently released data, while the Federal Reserve’s offered inflation gauge suggested progress against inflation.