[BRIEFING.COM] The S&P 500 dropped below its prior close over the last half hour, trading 0.1% lower.
Market breadth had been positive through most of the session, but quickly shifted to a negative skew after the tariff news emerged. Decliners lead advancers by a 2-to-1 margin at the NYSE and by a 3-to-2 margin at the Nasdaq.
Treasury yields remain elevated, keeping pressure on equities. The 10-yr yield is at 4.54% and the 2-yr yield is at 4.21%.