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March 12, 2025

Stocks close mostly lower

By STAN CHOE
AP Business Writer

NEW YORK — The U.S. stock market fell further Tuesday following President Donald Trump's latest escalation in his trade war, briefly pulling Wall Street 10% below its record set last month. And like it's been most of the past few weeks, the market's slide on Tuesday was erratic and dizzying.

The S&P 500 fell 0.8%, but only after careening between a modest gain and a tumble of 1.5%. At its bottom for the day, the index was more than 10% below its all-time high and on track for what Wall Street calls a “correction.”


 
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