Major stock indexes in the United States traded lower at the closing bell on Tuesday after President Donald Trump announced a new set of tariffs on chips and pharmaceuticals coming "next week or so." Additionally, markets were shaken by the latest services sector report, which showed that activity in the sector slowed in July. In business, Caterpillar, Fox, and Pfizer released their financial results earlier in the day, while Amgen, Rivian, and Snap are set to publish their earnings after the markets close.
The Dow Jones lost 0.14% at 4:00 pm ET as Salesforce decreased by 1.91%. At the same time, the Nasdaq 100 fell by 0.73% with Vertex Pharmaceuticals tumbling 20.60%. The S&P 500 declined by 0.49% and Gartner sank by 27.55%.
The euro traded flat against the dollar at 3:59 pm ET to go for $1.15728.
