Wall Street’s losing streak deepens as Trump’s tariffs kick in Boston 25 News [Video]

NEW YORK — (AP) — Stocks tumbled on Wall Street Tuesday as a trade war between the U.S. and its key trading partners escalated, wiping out all the gains for the S&P 500 since Election Day.

The tariffs between the U.S., China, Canada, and Mexico helped extend a recent slump for U.S. stocks that was prompted by signs of weakness in the economy.

The S&P 500 fell 1.7%, with every sector in the benchmark index losing ground. The Dow Jones Industrial Average shed 722 points, or 1.7%, as of 11:03 a.m. Eastern time.

The Nasdaq composite fell 1.5%. The tech-heavy index is on track to posting a 10% decline from its most recent closing high, which is what the market considers a correction. Technology stocks helped drive much of the market’s gains in 2024, but have been losing ground and acting as a heavy weight so far in 2025.

Markets in Europe …