U.S. Stocks Slide After Bank of America Urges Investors to Take Profits

U.S. stocks fell Tuesday after Bank of America advised clients to take profits, warning of too many bear-market red flags. The S&P 500 was down 1.63% to 7,261, according to BeInCrypto, with the Nasdaq Composite down 2.86% to 25,188 and the Dow off 0.50% to 50,533. BofA strategist Savita Subramanian said 70% of the bank’s bear-market signposts have triggered and called the S&P 500 expensive on 17 of 20 valuation metrics. Tech slid as a chip selloff deepened after Broadcom (AVGO) held AI revenue estimates steady; President Trump also said Iran shot down a U.S. Apache helicopter.