Equity Alert
US mkt ends lower Tue after US court deems most tariffs illegal
This story was originally published at 07:41 IST on 3 September 2025
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Equity Alert: US mkt ends lower Tue after US court deems most tariffs illegal
MUMBAI--0732 IST--Equity indices in the US closed lower Tuesday amid uncertainty over US tariffs. This was the first trading session since a US appeals court Friday ruled that most of US President Donald Trump's tariffs were illegal, but kept tariffs in place to give the Trump administration a chance to file an appeal with the Supreme Court. The Cboe Volatility index--Wall Street's fear gauge--surged nearly 7% during the session.
"...the question becomes, 'Has the Trump administration alienated our trading partners as well as given up the revenue from tariffs?' That's what's plaguing markets," Reuters quoted Oliver Pursche, senior vice president and adviser for Wealthspire Advisors, as saying.
September is historically a weak month for the US market. Since 1950, the S&P 500's average return in the month of September is -0.68%, Reuters reported, citing Carson Group's Ryan Detrick. If fact, September is the only month with an average negative return in the last 75 years. The performance during the month has also turned weaker in the recent past. In the last decade, the S&P 500's average return in September has been near -2%. With tariff-related uncertainty and economic growth concerns also weighing, traders are bracing for another weak September this time round.
Among specific stocks, Kraft Heinz fell 7?ter the company said it would split into two companies, one focused on groceries and the other on sauces and spreads. PepsiCo gained 1?ter Elliott Management bought stake worth $4 billion in the company. Shares of technology heavyweight Alphabet surged 8% in extended trading after a US court ruled against the most severe consequences such as a sale of the Chrome browser in the US Justice Department's antitrust case against the company.
Following are the closing levels of US indices Tuesday:
| INDEX | LAST LEVEL | CHANGE IN % |
| Dow Jones Industrial Average | 45295.81 | (-)0.55 |
| NASDAQ Composite | 21279.63 | (-)0.82 |
| S&P 500 | 6415.54 | (-)0.69 |
(Akash Mandal)
US$1 = INR 88.16
End
Edited by Avishek Dutta
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