Markets sputter after Trump pushes tariff deadline

Financial markets are wobbling this week after President Trump extended his 90-day deadline for big trade deals over the weekend, following the imposition of unilateral tariffs on dozens of U.S. trading partners back in April.

As markets are reacting to changing White House policies, policies have been responding to fluctuations in the markets, and investors are seeing no end to the feedback loop in the near term.

Major stock indexes continued their jagged descent downward in morning trading Tuesday after tumbling Monday.