S&P 500 falls for a fourth day after weak consumer confidence data, Nvidia leads Nasdaq lower: Live updates

Stocks fell broadly on Tuesday, with the S&P 500 on pace for its fourth consecutive losing session, as traders weighed concerns around economic growth and global trade.

The broad market index ticked down 0.3%. The Nasdaq Composite dropped 0.9%. This week’s losses have pulled the tech-focused Nasdaq into negative territory for the year. Meanwhile, the Dow Jones Industrial Average traded 0.4% higher.

The major averages took a leg lower after the most recent consumer confidence survey from the Conference Board came in much weaker than economists’ estimates. This follows a series of weak data releases last week, including lackluster manufacturing and retail sales numbers. Cautious forward guidance from Walmart added to worsening sentiment on consumer health and the economy.

“All that comes together to call into question the underpinning of what has been the strength of the U.S. economy the last couple years, which is the consumer and the job market,” said Ross Mayfield, investment strategist analyst at Baird Private Wealth Management.

Investors turned to the U.S. bond market for safety. The benchmark 10-year Treasury yield dropped below 4.3% and touched its lowest level since December.

Bitcoin, which has been correlated with stocks, fell below $90,000 to a three-month low. The blue chip coin is trading almost 20% below its all-time high reached on President Donald Trump’s inauguration day.

Shares of major bank stocks rolled over on Tuesday on rising recession concerns. Goldman Sachs and JPMorgan Chase fell around 1.5% each. Citigroup declined 1%.

Momentum stocks that have powered the market’s gains also slipped. Nvidia slipped 0.7% while Palantir lost 2.5%, bringing the stock down around 13% for the week. Electric vehicle maker Tesla, another favorite among retail investors, fell nearly 8%, while Meta Platforms declined 1.2%.

Escalating trade concerns are also contributing to market uncertainty. President Donald Trump announced on Monday that tariffs on imports from Canada and Mexico “will go forward” after the current 30-day moratorium ends. The White House is also preparing for tighter curbs over China’s semiconductor exports, according to a report from Bloomberg News.

Investors are also looking ahead to Nvidia’s quarterly results release, slated for Wednesday after the bell for more insights on the health of the artificial intelligence trade. Shares are down more than 5% in 2025, underperforming the broader market.