US stocks have mostly closed lower after a day of wild swings in the market, as investors scramble to make sense of United States President Donald Trump’s tariff plans.
The benchmark S&P500 and Dow Jones Industrial Average on Monday fell 0.23 percent and 0.91 percent, respectively, racking up a third conservative day of losses.
The tech-heavy Nasdaq Composite finished slightly up, rising 0.099 percent.
The dip followed a day of volatile trading, with unfounded reports that Trump was considering a 90-day pause to his tariffs briefly sending the S&P 500 up more than 7 percent.
The index quickly reserved its gains after the White House dismissed the report, which was picked up by a number of news outlets after being circulated on social media, as “fake news”.
US stock futures – which are traded outside of usual market hours – pointed to a possible reprieve from the losing streak on Tuesday, with contracts tied to the S&P500 and the Nasdaq up 0.98 percent and 1.02 percent, respectively.
After following Wall Street’s earlier losses, some Asian markets on Tuesday opened higher.
Japan’s benchmark Nikkei 225 rose nearly 6 percent in early trading.
Hong Kong’s Hang Seng gained more than 2.3 percent, after taking the biggest plunge since the 1997 Asian financial crisis in the previous session.
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