FX.co ★ US Stocks Edge Lower

On Tuesday, U.S. stock markets largely declined as investors evaluated recent earnings reports amid concerns over tariffs and the implications of uncertain economic policies on corporate profitability. Both the S&P 500 and Nasdaq 100 experienced slight drops, while the Dow Jones Industrial Average remained near unchanged levels. The uncertainty surrounding trade and economic policies prompted United Parcel Service (UPS) to withhold its full-year forecast, resulting in a 2% decline in its share price. Meanwhile, General Motors (GM) saw its shares fall by 4% after it canceled its share buyback program and withdrew its financial outlook in light of potential tariffs. Amazon's stock also decreased by 2% following its announcement of additional surcharges on its products due to tariffs. This move led to accusations from White House officials, who interpreted it as a politically motivated action by the tech giant. Other technology companies showed mixed performances in anticipation of tomorrow's earnings reports from Microsoft and Meta. The impact of trade restrictions was further underscored by new economic data revealing that the U.S. recorded its largest-ever trade deficit in March, as companies rushed to import goods from abroad ahead of potential tariff increases.