US stocks were mixed on Tuesday following weaker economic reports and on worries about President Donald Trump’s reciprocal tariffs.

Trump is expected to announce tariffs on his “Liberation Day” on Wednesday.

As of 10:45 AM Eastern time, the S&P 500 was down by 0.2 per cent, the Dow Jones Industrial Average was down 0.5 per cent, and the Nasdaq Composite was 0.1 per cent higher.

A ISM report said US manufacturing activity fell in March, breaking a two-month streak of growth.

Separately, another report said US employers advertised slightly fewer job openings at the end of February.

In the bond market, the yield on the 10-year Treasury fell to 4.14 per cent from 4.23 per cent late on Monday.

Gainers and losers

Johnson & Johnson stock dropped 4.6 per cent after a bankruptcy court judge denied the company’s settlement plan related to baby powder containing talc.

Airline stocks continued their fall, with Delta Air Lines down 4.3 per cent and United Airlines slipping 4.6 per cent.

Shares of PVH jumped 15.8 per cent after the owner of the Calvin Klein and Tommy Hilfiger brands reported stronger quarterly profit.