Wall Street faced a challenging day as major US stock indexes, including the Dow, S&P 500, and Nasdaq, all closed lower. Investors grappled with disappointing service sector data and ongoing fears of tariff impacts, particularly amid tensions surrounding trade policies. Despite some strong earnings reports from specific companies like Palantir, the broader market struggled with signs of economic stagnation and uncertainty over a potential Federal Reserve rate cut. This has led to a mixed sentiment in the markets, as traders digested a flurry of earnings amid fresh economic indicators. Overall, stocks showed a weak performance after previously experiencing a rally, highlighting the fragile state of investor confidence amid economic signals.