U.S. stocks have recovered a chunk of their losses since falling 10% below their all-time high earlier this month, in their first “correction” since 2023. The S & P 500 is down 6% from its record, and that drop has left the market looking less expensive than before, which had been a major criticism following its euphoric rise in earlier years.

On Tuesday, Indonesia's benchmark Jakarta Composite Index fell by as much as 7.1% — the worst since 2011. Circuit breakers and trading halts were triggered, igniting fears that the rout could deepen. The JCI is down about 10% so far this year.

Trading on Wall Street is mixed ahead of key U.S. economic data being released later in the week, as well as developments in President Donald Trump’s trade agenda