Stock market today: Nasdaq erases gains, S&P 500, Dow extend declines as Trump boosts Canadian steel, aluminum tariffs

Kohl's reported a disappointing earnings forecast, which has led to a substantial drop in its share price. Given this negative reception from the market, further declines in stock performance are likely as investors react to the reported earnings outlook.

Tesla's stock is showing resilience and potential for recovery after a significant sell-off, buoyed partly by support from President Trump. While there are factors of optimism, the broader market downturn and economic uncertainty might temper these gains. However, recent movements suggest a positive outlook for Tesla in the short-term.

Airline stocks, particularly Delta, are facing significant challenges as economic pressures mount. With a reduced forecast and rising uncertainty in travel demand due to tariffs and other economic factors, the airline sector is expected to struggle in the near term.

Citigroup's downgrade of U.S. stocks and upgrade of European stocks suggests a shift in investment interest away from U.S. equities. This broader bearish sentiment towards the U.S. market implies potential downturns in various sectors as investors seek more stable opportunities abroad.