Stock Market Update

[BRIEFING.COM] The stock market was already under pressure following the latest economic release and major indices took another turn lower in recent trading. The S&P 500 sports a 0.6% decline and the Dow Jones Industrial Average is more than 280 points lower. 

The second wave of selling interest coincided with a report that President Trump told Republican lawmakers that he plans to issue additional reciprocal tariffs as soon as today. 

Amazon.com (AMZN 230.18, -8.70, -3.7%) is an influential laggard after issuing soft Q1 revenue guidance and announcing a plan to spend approximately $100 billion on capex in 2025. This price action has weighed down the consumer discretionary sector, which sports a 1.7% decline.

Only one S&P 500 sector remains in positive territory -- energy (+0.4%) -- while the remaining ten sectors show declines ranging from 0.1% (health care) to 1.9% (consumer discretionary).