Mumbai, March 12 -- The Dow settled lower by 478.23 points (1.14%), at 41,433.48, after scaling a low of 41,175.37 and a high of 41,868.27 in the session. The S&P 500 ended down 42.49 points (0.76%), at 5,572.07 while the Nasdaq settled lower by 32.23 points (0.18%), at 17,436.10. The Nasdaq climbed to 17,687.40 in the final hour, rallying from a low of 17,238.24.

U.S. President Donald Trump reconsidered plans to double tariffs on Canadian steel and aluminum to 50%, with Canada agreeing to suspend a 25% tariff hike on U.S. electricity exports in exchange for talks on renewing the North American trade agreement. A senior White House official confirmed the higher tariffs will not take effect tomorrow. Despite a recovery in the final hour, ...