Retail stock traders bought the dip and now—after an 18% rally—they’re taking their gains

• Investors appeared to consolidate their gains from the last few days of trading by engaging in some mild selling today. The S&P 500 rose 0.1% yesterday but S&P futures sunk 0.58% this morning premarket. India’s Nifty 50 rose 1.72% today but markets retreated across much of the rest of the globe.

The S&P 500 index has risen 18% from its low on April 8, after President Trump tanked stock markets globally by announcing aggressive tariffs on imports to the U.S. This morning...