Uber shares dip as regulatory pressure in New York heats up

Uber Technologies shares slipped roughly 2% on Tuesday as U.S. stocks tumbled amid fresh tariff threats from President Donald Trump, pushing investors toward risk aversion. The stock dropped $1.67 to $83.18 in early afternoon trading, after hitting a low of $82.38. Meanwhile, the SPDR S&P 500 ETF and Invesco QQQ each fell about 1.5%. Wasif Latif, chief investment officer at Sarmaya Partners, described it as a “pretty significant risk off day.”