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Here are the worst-performing stocks on ‘Tariff Man’ Tuesday

So much for the art of the deal.

After U.S. stocks rallied Monday, following President Trump’s announcement that tariffs on $200 billion in annual imports from China would not be lifted to 25% from 10% for at least 90 days, stocks fell sharply Tuesday.

Trump assigned himself the nickname “Tariff Man,” while saying via Twitter that a deal with China would “probably” happen. Alas, the stock market doesn’t like uncertainty.

The Dow Jones Industrial Average DJIA, -3.10% fell 799 points, or 3.1%, while the S&P 500 Index SPX, -3.24% was down 3.2%, and the Nasdaq Composite Index COMP, -3.80% took the worst hit of 3.8%.

A flight to safety ensued, meaning heavy demand for U.S. paper, with the yield on the 10-year Treasury TMUBMUSD10Y, +0.00% falling six basis points to 2.91%. Only a month ago, 10-year notes were yielding 3.20%.

Among the S&P 500, the semiconductors and semiconductor manufacturers industry group was hit particularly hard,with a 5.1% decline.

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