S&P 500 Nears Correction Amid Tariff Concerns

The U.S. stock market is experiencing significant volatility due to investor concerns over President Donald Trump's recent tariff increases, particularly affecting the S&P 500, Dow Jones, and Nasdaq indices. The S&P 500 is nearing correction territory, down 10% from its February high, as fears of an economic downturn and recession grow. Major companies like Apple, IBM, and McDonald's have seen share declines, while industries reliant on Canadian metal, such as the American auto sector, are also affected. Despite the broad market decline, stocks like Tesla and Nvidia have shown resilience, bouncing back slightly after recent losses. Technical analysis indicates that the S&P 500 has broken below its 200-day moving average, suggesting a potential shift from a bull market to a more sideways or bearish trend. Market analysts are closely monitoring whether the S&P 500 will maintain its position below critical support levels, which would confirm an intermediate-term setback.