NEW YORK: All three major Wall Street indices ended Tuesday with their biggest one-day drops in three months, in a broad selloff triggered by concerns that fresh tariff threats from President Donald Trump against Europe could signal renewed market volatility. The S&P 500 lost 143.15 points, or 2.06%, to end at 6,796.86 points, while the Nasdaq Composite gave up 561.07 points, or 2.39%, to 22,954.32. The tariffs would increase to 25% on June 1 and continue until a deal was reached for the US to purchase Greenland, Trump wrote in a post on Truth Social. The CBOE Volatility Index, also known as Wall Street's fear gauge, spiked to 20.09 points, its highest close since November 24. Earnings season is also kicking into higher gear, with several industry bellwethers set to report their quarterly earnings this week.
