Shares of Lululemon Athletica plunged after the sportswear maker lowered its annual forecasts, citing unpredictability surrounding tariffs.
Mining companies Harmony Gold and Gold Fields rallied on higher gold prices related to trade war concerns.
The S&P 500 is on track for its first quarterly decline in six quarters, while the tech-centric Nasdaq is set for its deepest quarterly drop since 2022.
UBS Global Wealth Management lowered its year-end target for the S&P 500 to 6,400 from 6,600.
Wolfspeed's slumped a day after the chipmaker appointed a new CEO amid its struggles to improve its financial position.