The S&P 500 closed below its record high after US President Donald Trump announced updates on “reciprocal tariffs” without making specific threats. Instead, the stocks surged as investors anticipated a lack of new measures, leading to gains for the Dow and Nasdaq.
Source: https://www.marketwatch.com/livecoverage/stock-market-today-dow-s-p-and-nasdaq-futures-dip-despite-fall-in-treasury-yields