The S&P 500 closed lower in Tuesday’s market sell-off, wiping out all gains since the election. Investors initially embraced Trump’s victory, with the index jumping over 2% the day after the election, reaching a peak on February 19th. Concerns over Trump's tariffs have reversed those gains, leaving the S&P 500 down over 1% year. Industrial, energy, and small-cap stocks have declined since Election Day after initial gains. Bank stocks remain up over 6% since Election Day but fell over 3% Tuesday.