Stocks sink with S&P 500 in Correction, Bonds in Demand Amid Tariff Angst

GLOBAL MARKET - LONDON. Global equities sank on Tuesday with the S&P 500 confirming it was in a correction while U.S. Treasury prices rose as investors fled for safer assets as they worried that global trade tensions would boost inflation and slow growth after U.S. President Donald Trump's latest tariff threats.

On Thursday, for the first time, the benchmark S&P 500 finished more than 10% below its most recent record high close, achieved on February 19.