US stocks were volatile in the final trading hour, following some cooling new on the US-Canada trade conflict.
The S&P 500 was trading near the flatline, recovering from an over 1.5% earlier losses, the Dow was down 200 points, while the Nasdaq 100 rebounded by 0.5%.
Trump said he was reconsidering plans to double tariffs on Canadian steel and aluminum to 50%, shortly after Ontario Premier Doug Ford and U.S. Commerce Secretary Howard Lutnick announced a meeting Thursday in Washington and a suspension of the province’s electricity export surcharge.
Airlines sank, with Delta plunging 5% after cutting its earnings outlook due to weaker US demand.
Other travel stocks followed suit, with Disney falling nearly 5% and Airbnb down 4%.
Investors now look ahead to Wednesday’s CPI report for further market direction.
