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(Bloomberg) -- A fresh flurry of trade-policy headlines touched off another volatile trading day on Wall Street, with the S&P 500 Index’s three-week selloff briefly reaching 10% before a late rally pared the drop.Most Read from BloombergNYC Congestion Pricing Toll Gains Support Among City ResidentsTrump DEI Purge Hits Affordable Housing GroupsWhere New York City's Zoning Reform Will Add HousingElectric Construction Equipment Promises a Quiet RevolutionInside the ‘Not Architecture’ of High Line D

Stock markets built on the latest steep losses driven by recession fears.

(Bloomberg) -- Supply Lines is a daily newsletter that tracks global trade. Sign up here.Most Read from BloombergNYC Congestion Pricing Toll Gains Support Among City ResidentsTrump DEI Purge Hits Affordable Housing GroupsWhere New York City's Zoning Reform Will Add HousingElectric Construction Equipment Promises a Quiet RevolutionInside the ‘Not Architecture’ of High Line Designers Diller Scofidio + RenfroPresident Donald Trump downplayed a sharp market selloff spurred by worries that his tariff

Monday's falls were triggered by investors fearing the US could slip into recession amid President Donald Trump's sweeping tariff and policy changes.

Donald Trump's latest threat of 50% tariffs on Canadian steel and aluminum upended markets Tuesday, but his plan for duties there could be heartily welcomed by American manufacturers of those products.

The bond market is confused over what to make of President Donald Trump’s quickly shifting trade policies, but the next moves from the Federal Reserve and the stock market could inform what traders will do next.

Viking Holdings shares dropped Tuesday as executives warned of macroeconomic "uncertainties" on the cruise operator's fourth-quarter earnings call.