US stocks edged lower on Tuesday as investors braced for more tariff policy shifts from President Donald Trump, and focus turned to inflation with testimony from Federal Chair Jerome Powell underway.
By mid-morning trade, stocks were off of their session lows with the Dow Jones Industrial Average (^DJI) slipped around 0.2% lower, while the benchmark S&P 500 (^GSPC) dropped roughly 0.1%. The tech-heavy Nasdaq Composite (^IXIC) also pulled back around 0.1%, after a winning day on Wall Street.
The tone is cautious in the wait for Trump to reveal his plan for universal like-for-like tariffs, promised for announcement midweek.