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(Bloomberg) -- Travel stocks from airlines to cruise lines and online-booking sites are coming under pressure Tuesday after Delta Air Lines Inc. cut its profit forecast, deepening concern over weakening consumer demand and an economic slowdown.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 ‘N

The S&P 500 slipped 0.8% on Tuesday, March 11, as investors digested the latest shifts in trade policy.

(Bloomberg) -- Traders in the futures and options markets are loading up on bets the Federal Reserve will have to lower rates this year by more than expected because of the Trump administration’s aggressive policy agenda.Most Read from BloombergNYC Congestion Pricing Toll Gains Support Among City ResidentsTrump DEI Purge Hits Affordable Housing GroupsElectric Construction Equipment Promises a Quiet RevolutionWhere New York City's Zoning Reform Will Add HousingOpen Philanthropy Launches $120 Mill

"What we are seeing now is everyone de-risking to ride out these uncertain times," one expert said.

The S&P 500 nearly fell into correction territory in intraday trading on Tuesday, a day after the index dropped below its 200-day moving average—a "key technical indicator" and gauge of market momentum.

Wellness products company Nature’s Sunshine (NASDAQ:NATR) reported Q4 CY2024 results beating Wall Street’s revenue expectations, with sales up 8.5% year on year to $118.2 million. The company expects the full year’s revenue to be around $457.5 million, close to analysts’ estimates. Its non-GAAP loss of $0 per share was significantly below analysts’ consensus estimates.

Personalized clothing company Stitch Fix (NASDAQ:SFIX) announced better-than-expected revenue in Q4 CY2024, but sales fell by 5.5% year on year to $312.1 million. On top of that, next quarter’s revenue guidance ($313.5 million at the midpoint) was surprisingly good and 12.5% above what analysts were expecting. Its GAAP loss of $0.05 per share was 55.4% above analysts’ consensus estimates.