Wall Street stock indexes fell on Tuesday due to tariff concerns and weak U.S. economic data. European and Asian equities saw gains. U.S. services activity stalled in July, with no change in orders and weakening employment. Treasury yields rose but pared gains after weak data. Dow Jones, S&P 500, Nasdaq all fell.

Investors reacted to tariff comments from companies like Caterpillar, warning of a $1.5 billion hit in 2025. The U.S. dollar steadied as expectations of a Fed intervention increased. Gold prices rose, oil prices fell due to OPEC+ supply increase and global demand worries. European earnings strong despite U.S. tariffs.

Trump announced plans to impose escalating tariffs on pharmaceutical imports. Odds for a September rate cut now at 94%. Markets expect two rate cuts this year. 2-year note yield rose. Concerns about Fed politicization grow. Trump threatens to raise tariffs on Indian goods. Oil prices drop for fourth day.

Eurozone business activity grew slightly faster in July, but remained sluggish. UK businesses reported largest drop in new orders in three years. Japan and China show strong service sector growth. Gold prices rise. Second-quarter earnings season wrapping up. Data shows mixed economic performance globally.

Read more at Yahoo Finance: Wall Street falls, oil prices end at 5-week lows