Stocks Decline Amid Rising Economic Concerns

U.S. stock markets faced pressure on Tuesday as the S&P 500 and Nasdaq hit month lows due to a drop in consumer confidence. A cautious political environment and rising economic uncertainties contributed to the decline, while some sectors, such as consumer staples, saw gains.

On Tuesday, U.S. stocks experienced volatility as the S&P 500 and Nasdaq both fell to one-month lows, reflecting a souring of consumer confidence amid growing economic concerns.

According to the Conference Board's index, consumer optimism declined sharply in February, driven by concerns about policy impacts under President Donald Trump, resulting in a risk-averse sentiment in the market. Interest-rate futures suggest the Federal Reserve will maintain steady rates, while Bitcoin and communication services stocks also suffered declines.

Meanwhile, some sectors such as consumer staples rose, and companies like Eli Lilly and Li Auto posted notable gains. The mixed market signals underscore the uncertain economic climate, as investors assess future opportunities and risks.

(With inputs from agencies.)