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Market Extra: The S&P 500 got hammered on tariff fears — here are the only 36 stocks in the index that closed with gains

The S&P 500 on Tuesday logged its steepest daily slide in about four months as investors reacted poorly to the prospect of escalating U.S.-China trade tensions.

Check out:MarketWatch’s snapshot of the market

On Monday, U.S. Trade Representative Robert Lighthizer said the U.S. was seeing “an erosion in commitments by China” in recent days and declared tariffs on Chinese imports would rise on Friday to 25% from 10%, reigniting fears that a clash on import duties between the world’s largest economies could hurt global economies. Lighthizer’s comments supported those made by President Donald Trump on Sunday and were viewed as an unexpected development for market participants hoping for a near-term resolution.

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