The S&P 500 closed lower, breaking a three-day winning streak as investors assessed ongoing geopolitical trade pressures.
The benchmark index retreated following its recent advance, reflecting market unease around persistent trade constraints. Meanwhile, a newly confirmed trade agreement between major economic powers maintains existing 55% tariffs on Chinese imports.
This dual development signals continued economic friction and regulatory constraints affecting global markets. Market analysts note the tariff extension may perpetuate supply chain uncertainties and influence future corporate earnings outlooks for multinational firms with Chinese manufacturing exposure.