Follow all the latest U.S. market action for Tuesday here as investors get ready for testimony from Fed Chair Jerome Powell, a day ahead of the next inflation report.

Check back for updates throughout the trading day U.S. equity futures moved lower in early Tuesday trading, while gold prices jumped to a fresh all-time high, as markets reacted to the latest round of tariffs from President Donald Trump and looked for comments on its effects for the U.

President Donald Trump announced on Monday that he would implement tariffs of 25 percent on all steel and aluminum imports to the United States.

Live updates and the latest news as Trump prepares to impose reciprocal tariffs and his intelligence chief nominee Tulsi Gabbard gets a Senate vote.

U.S. stocks are slipping Tuesday following President Donald Trump’s latest escalation against the United States’ trading partners with tariffs. The S&P 500 was edging down by 0.2% in the U.S. stock market’s first trading since Trump announced 25% tariffs on all foreign steel and aluminum coming into the country.