Financial markets showed signs of stabilizing on Tuesday, a day after China’s announcement of retaliatory tariffs on imports from the United States touched off Wall Street’s biggest loss in more than four months.
The S&P 500 rose modestly at the start of trading in New York, after European benchmarks recorded similar gains. Asian markets fell slightly.
The American stock benchmark rebounded off its steepest loss since early January, a drop that reflected the realization that the trade war between the United States and China is not likely to end anytime soon.
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