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The US stock market witnessed fluctuations on Tuesday, but all three major indexes recovered from the day's lows and closed. President Donald Trump has approved the new reciprocal tariff. The White House says that the reciprocal tariff will be implemented as soon as it is announced. There is nervousness in the market regarding the tariff. However, US futures are currently rising compared to Asian markets.

Dow Jones closed with a recovery of about 370 points, Nasdaq 300 points and S&P500 index 75 points from the day's low yesterday. The recovery was seen here on the basis of the rise in big tech companies.

The effect of weak data
This turmoil in the market happened when the manufacturing PMI and February job openings data came weaker than expected. There has been a decline in the manufacturing sector and this has also increased the concern.

US Manufacturing PMI
 

 score
October 202446.9
November 202448.4
December 202449.2
January 202550.9
February 202550.3
March 202549.0


US JOLTs Job Openings
 

 Million (MoM)
September 202471
October 202476.20
November 202480.30
December 202475.10
January 202577.60
February 202575.70

Fear of tariff
The Trump administration will announce reciprocal tariff today. It will be announced at 4 pm today as per US time and will be implemented with immediate effect. But it is not clear how much turmoil will be seen in global trade after this announcement. Many American media reports have quoted economists as saying that this will reduce the growth estimates. There will also be concern about rising inflation.


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