Wall Street Selling Resumes as China Trade Tensions Escalate
Selling pressure returned to Wall Street Tuesday as China escalated trade tensions with new sanctions against U.S. subsidiaries. The reversal comes despite strong earnings from major banks, highlighting ongoing market volatility and defensive positioning by investors.
Wall Street selling resumed with renewed intensity Tuesday as China escalated trade tensions through targeted sanctions against U.S. subsidiaries, effectively reversing Monday’s sharp market bounce and sending traders into defensive positions. The renewed pressure highlights how quickly market sentiment can shift when geopolitical tensions override strong corporate fundamentals, with the S&P 500 giving back gains from its best session since May.
