Stocks lurch lower after Trump escalates tariffs
A fresh tariff threat from President Trump worsened the stock market’s losses Tuesday, pushing the S&P 500 closer toward a technical correction, or a drop of 10% from a recent high.
For the record, just because stocks fall into a correction doesn’t necessarily imply a bear market will follow. The 10% line in the sand is a relatively arbitrary Wall Street way of describing a market sell-off that’s a bit more than your garden variety slump, but not quite as bad as a bear market.
