At its lowest, the S&P 500 fell as much as 1.5%, but traded positive for most of the day. Then Trump said he was considering "retribution" against China.

Trump's tariff announcement wiped out almost $800 billion from major tech firms, with the S&P 500 and Nasdaq Composite falling the most since April.

Trump's tariff announcement wiped out almost $800 billion from major tech firms, with the S&P 500 and Nasdaq Composite falling the most since April.

At its lowest, the S&P 500 fell as much as 1.5%, but traded positive for most of the day. Then Trump said he was considering "retribution" against China.

At its lowest, the S&P 500 fell as much as 1.5%, but traded positive for most of the day. Then Trump said he was considering "retribution" against China.

Whether traders continue pushing equities to highs amid fractious relations with China will depend, in part, on the earnings of major technology companies.

Whether traders continue pushing equities to highs amid fractious relations with China will depend, in part, on the earnings of major technology companies.