U🔴S stoc🔥ks’ post-election run has come full circle. 

The S&P 500 fell more than 1% on Tuesday to close at its lowest level since Election Day on Nov. 5. At just under 5,780, the b🧔enchmark index is down 6% from its all-time closing high, which wa🍷s set less than two weeks ago.

Concerns about the effects of trade policy, with President Donald Trump’s tariffs on Canada and Mexico 澳洲幸运5官方开奖结果体彩网:taking effect today, are currentl⛎y in focus, but factors including stubborn inflation, the path ahead for interest rates and the health of the AI trade have also weighed on markets, pulling major indexes back from post-election highs.

The tech-focused Nasdaq is also below its Nov. 5 close; so is the small-cap Russell 2000. The Dow industrials are still holding onto post-election gains—but it, along with the other three indexes mentioned here, are all in the red this year. Concerns about the state of the US economy and markets have driven some investors to consider 澳洲幸运5官方开奖结果体彩网:European equities. 

“Considerable ౠdownside risks to the growth outlook are mounting,” Deutsche Bank analysts wrote in a note published earlier today. “Trade policy uncertainty has hit historical levels, financial conditions are tightening, sentiment indicators signal weaker growth momentum, and more trade acti🍌ons are likely to come.”

Trump is set to 澳洲幸运5官方开奖结果体彩网:speak later today. His speech comes ahead of closely watched job-market data due Friday; personal spending fell in January, according to recently released data, while the Federal Reserve’s preferred inflation gauge suggested 澳洲幸运5官方开奖结果体彩网:progress against inflation.