Agra, Uttar Pradesh, India, South Asia. Shoppers and stalls astatine Kinari bazaar. The Jama Masjid mosque successful the inheritance dates from 1648
Paul Panayiotou | Corbis Documentary | Getty Images
Asia-Pacific markets were acceptable to ascent Tuesday aft Donald Trump paused tariffs connected Mexico for a month, portion Canada besides said the U.S. president had enactment connected clasp projected tariffs connected its exports.
Japan's benchmark Nikkei 225 was acceptable to unfastened higher, with the futures declaration successful Chicago astatine 39,280 portion its counterpart successful Osaka past traded astatine 39,250, against the index's past adjacent of 38,520.09.
Futures for Hong Kong's Hang Seng index stood astatine 20,495 besides pointing to a stronger unfastened compared to the HSI's adjacent of 20,217.26.
Over successful Australia, the S&P/ASX 200 started the time up 0.72%, aft ending little successful the erstwhile session.
Chinese markets stay closed for the Lunar New Year holiday.
Overnight successful the U.S., stocks traded down pursuing Trump's determination to intermission connected the tariffs.
The Dow Jones Industrial Average recovered from steep losses during. The 30-stock scale was down 122.75 points, oregon 0.28%, to adjacent astatine 44,421.91. At its lows of the day, the Dow was down 665.6 points, oregon 1.5%.
The S&P 500 slid 0.76% to 5,994.57, portion the Nasdaq Composite slumped 1.2% to 19,391.96.
— CNBC's Sean Conlon and Pia Singh contributed to this report.
Stocks extremity Monday lower
The large banal averages closed little to extremity Monday's trading session.
The S&P 500 shed 0.76% to adjacent astatine 5,994.57, portion the tech-heavy Nasdaq Composite tumbled 1.20% and finished astatine 19,391.96. The Dow Jones Industrial Average mislaid 122.75 points, oregon 0.28%, to settee astatine 44,421.91.
— Lisa Kailai Han
5 retired of 11 S&P 500 sectors commercialized higher connected Monday
During Monday's trading session, 5 retired of the 11 S&P 500 sectors were trading successful the positive.
The scale was led higher by user staples and wellness care, each up astir 0.5%. Energy and utilities stocks each added 0.4%.
On the different hand, accusation exertion and user discretionary led the S&P 500 lower. The sectors respectively shed 1.4% and 1.2%.
— Lisa Kailai Han
Where the large averages stand
Tariffs could wounded economical growth, summation inflation, economists warn
Trump's tariff plans could measurement connected economical maturation and origin ostentation to jump, Wall Street economists warn.
Morgan Stanley economists estimation that "US Inflation could beryllium 0.3 to 0.6pp higher vs baseline implicit the adjacent 3-4 months (putting header PCE ostentation astatine 2.9% to 3.2%) and US maturation could beryllium -0.7 to -1.1pp little vs baseline implicit the adjacent 3-4 quarters (putting existent GDP maturation astatine 1.2% to 1.6%)" if tariffs are afloat implemented and not temporary, strategist Michael Zezas said successful a enactment to clients.
Check retired much Wall Street reactions connected CNBC Pro.
— Jesse Pound
English (US)