- Traders evaluated concerns about how corporations would handle the economic slowdown and whether new Chinese policies will help revive growth as equities in Asia and US share futures fell on Tuesday.
- As Japan and Hong Kong retreated, a MSCI gauge slipped. Snapchat owner Snap, warned of deteriorating macroeconomic trends and said it is unlikely to fulfil revenue and profit estimates for the second quarter, causing Nasdaq 100 futures to fall. In post-market trading, tech leaders Meta and Alphabet both dipped.
- Biden's comments that the Trump administration's tariffs on China are being evaluated helped US stocks close higher. After falling, the dollar and treasuries were stable.
- China has announced a slew of new policies in an attempt to mitigate the economic damage caused by the country's Covid lockdowns.
