U.S. stocks closed lower Tuesday as quarterly results show more companies are scrubbing their forecasts for upcoming profits because of uncertainty created by President Donald Trump’s tariffs.

The S&P 500 fell 0.8%, its second drop after breaking a nine-day winning streak, its longest such run in more than 20 years. The Dow Jones industrial average dropped 0.9%, and the Nasdaq composite finished 0.9% lower.

Palantir Technologies was one of the heaviest weights on the market as it sank 12%. The company, which offers an AI platform for customers, dropped even though it reported a profit for the latest quarter that met analysts’ expectations and raised its forecast for revenue over the full year.

Clorox CEO Linda Rendle said her company saw changes in shopping behavior during the first three months of the year that led to lower revenue. Clorox stock fell 2.4%.

Mattel, meanwhile, said it’s “pausing” its financial forecasts for 2025, in part because the “evolving U.S. tariff landscape” is making it difficult to predict how much U.S. shoppers will spend over the holiday season and the rest of this year. The toymaker closed 2.8% higher after also reporting better results for the latest quarter than analysts feared.

Ford Motor said it’s expecting to take a $1.5 billion hit this year because of tariffs. The automaker also said it’s cancelling financial forecasts for the full year because of “tariff-related uncertainty.” The stock rose 2.7%.

Some companies say they’re already seeing impacts to their business from the uncertainty created by tariffs.

Food processing giant Archer Daniels Midland said that operating profit for agricultural services slumped 31% during its most recent quarter because of trade policy uncertainty. The stock rose 1.7%.

DoorDash fell 7.4% after reporting weaker revenue than analysts expected for the latest quarter, though it may have also offered a more encouraging snapshot of how U.S. households are doing.

All told, the S&P 500 fell 43.47 points to 5,606.91. The Dow dropped 389.83 points to 40,829, and the Nasdaq lost 154.58 points to close at 17,689.66.

Treasury yields closed broadly lower in the bond market. The yield on the 10-year Treasury slipped to 4.31% from 4.36% late Monday.

The Federal Reserve is beginning a two-day meeting, and it will announce its next move on interest rates Wednesday. Virtually no one expects it to do anything to its main rate, even though Trump has been advocating for cuts.

— Associated Press