The S&P 500 retreated on Monday, extending February’s rout and turning red for the year after President Donald Trump’s confirmation of forthcoming tariffs ratcheted up economic concerns.
The S&P 500 fell 2.1%, bringing its year-to-date performance to a loss of nearly 1%. The Dow Jones Industrial Average dropped 789 points, or 1.8%. The Nasdaq Composite slid 3%, weighed down by Nvidia’s decline of more than 9%.
All three indexes traded higher earlier in the session, with the Dow at one point up nearly 200 points. Stocks took a notable leg down in afternoon trading following Trump’s reiteration that 25% levies on imports from Mexico and Canada would go into effect on Tuesday, dashing investors’ hopes of a last-minute deal to avert the full tariffs on the two U.S. allies.
I must be the ultimate fiscal pessimist because my portfolio always seems to be doing the best when everything else is red.
Yes but America hasn’t isolated itself like this in a long time
Yeah USD is in for quite a shock, soon. Some of me investment is in VWAGY outside the USA and it performed absolutely atrociously until just recently, now it makes daily gains.
Also BTC has come down over 20k from its new all time high a couple of months ago.
I wanna see a politician campaign on creating a weak economy.
Crash the housing market! Make the billionaires lose money! Collapse the oil industry!
They’ll just buy more of it up. Im sure the billionaire class will make out like bandits
Kind of biased to assume those things would happen in a weak economy or that the opposite are signs of strong economy, tbh.