Stocks close out volatile day as investors say market is 'sick and tired' of Trump's tariff chaos
Source: CNN
US markets seesawed Tuesday amid another tariff roller coaster ride.
All three major indexes dropped after President Donald Trump doubled down early Tuesday on his threat to levy a new round of hefty tariffs on Canada. Yet by the afternoon, markets had pared some losses as officials from both the US and Canada said they would meet this week to deescalate tensions and renegotiate trade policy.
The Dow closed lower by 478 points, or 1.14%, after tumbling more than 700 points earlier. The broader S&P 500 fell 0.76% and the Nasdaq Composite fell 0.18%.
The S&P 500 flirted with correction territory and closed down 9.3% from its record high in February, nearing a correction. The Nasdaq, which has been in correction territory, closed down 13.6% from its record high in December.
Read more: https://finance.yahoo.com/news/dow-tumbles-stock-market-rout-153245710.html
= new reply since forum marked as read
happy. 
It briefly fell into correction territory but closed down 9.3% from its all-time high (corrections start at 10% down. I only keep track of closes. But it fell below 10% down during the day before closing above that line, and I saw an article that says that the interday dip below 10% down makes it officially a correction. I don't know when corrections end, I believe not until a new all time high )
I only follow the S&P 500, as it is by far the best measure of the three (Dow, S&P 500, and Nasdaq) of the total U.S. stock market
it closed Tuesday March 11 at 5572, down 0.8% for the day,
and down 3.6% from the 5783 election day level,
and down 7.1% from the inauguration-eve level,
and down 5.3% year-to-date,
and down 9.3% from its all-time closing high of 6144 on Feb 19.
Asked whether the stock market decline was due to his tariffs, Trump said Thursday: “A lot of them are globalist countries and companies that won’t be doing as well because we’re taking back things that have been taken from us many years ago.” https://www.mprnews.org/story/2025/03/06/trump-delays-tariffs-on-most-goods-from-mexico-for-a-month
S&P 500
# Election day close (11/5/24) 5783
# Last close before inauguration day: (1/17/25): 5997
# 2024 year-end close (12/31/24): 5882
# All-time closing high (2/19/25): 6144
# Several market indexes: https://finance.yahoo.com/
# S&P 500: https://finance.yahoo.com/quote/%5EGSPC/
https://finance.yahoo.com/quote/%5EGSPC/history/
It is down 9.3% from its all-time closing high of 6144 on Feb 19. Anything between 5% and 10% down is in "pullback" territory. Corrections start at 10% down, and bear markets start at 20% down.
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As for the Dow, I don't maintain stats, but here's a nice graph that automatically updates itself (but several hours after the day's close.
It's up-to-date for the Tuesday 3/11 close)
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I've been maintaining and daily updating this status in the Economy Group
https://www.democraticunderground.com/111699775
from the perspective of someone who has been through 6 bankruptcies and 34 felony convictions. 