1 month ago
20
Updated Mon, Mar 3, 2025, 1:25 PM 2 min read
In This Article:
US stocks plummeted connected Monday afternoon, with selling accelerating successful the past hr of trading aft President Trump indicated determination was "no country left" for tariff negotiations with Canada and Mexico, indicating that caller levies against some countries volition spell into effect tomorrow.
The S&P 500 (^GSPC) fell 1.7%, posting its worst time of 2025, portion the tech-heavy Nasdaq Composite (^IXIC) dropped 2.6%. The Dow Jones Industrial Average (^DJI) fell astir 650 points, oregon astir 1.5%, arsenic the major US indexes came disconnected a volatile week and a losing February.
Tech led the sell-off, with shares of Nvidia (NVDA) tanking much than 8%. All of the "Magnificent 7" stocks declined.
March trading kicked disconnected with investors encountering much questions than answers amid looming tariffs arsenic US argumentation makers look the trial of disproving investors' fears astir growth. First 4th economical maturation is expected to descent pursuing a drawstring of weaker-than-expected economical data.
SNP - Delayed Quote USD
At close: March 3 astatine 4:47:47 PM EST
^GSPC ^DJI ^IXIC
Tariffs against Canada and Mexico are acceptable to travel into effect connected Tuesday aft Trump said levies against some countries are "all set, they spell into effect tomorrow."
The week volition bring a important jobs study and a batch of retail net that could provender oregon easiness concerns astir an economical downturn and user resilience. The February nonfarm-payrolls study connected Friday is expected to amusement humble occupation growth, with the unemployment complaint dependable astatine 4%.
And successful retail net ahead, results from Target (TGT) connected Tuesday and Costco (COST) are successful absorption for what they uncover astir American shoppers. Data past week showed user spending unexpectedly fell successful January by the astir successful 4 years.
Meanwhile, cryptocurrencies got a boost aft Trump said connected Sunday that 5 integer assets — bitcoin (BTC-USD), ether (ETH-USD), XRP (XRP-USD), solana (SOL-USD), and cardano (ADA-USD) — would beryllium included successful a caller US strategical cryptocurrency reserve. Prices of those tokens connected Monday pared immoderate of the crisp gains booked pursuing the station connected societal media by the president, with bitcoin trading astir $86,000.
LIVE 23 updates
Mon, March 3, 2025 astatine 9:05 PM UTC
Dow, S&P 500, Nasdaq vessel arsenic Trump confirms tariffs against Canada, Mexico
Market losses accelerated but closed disconnected the league lows connected Monday aft President Trump said determination was "no country left" for negotiations with Canada and Mexico and tariffs against imports from those countries were acceptable to spell into effect connected Tuesday.
The White House besides indicated levies against China volition beryllium 20% arsenic of Tuesday, an summation from the 10% tariffs implemented past month.
The S&P 500 (^GSPC) fell 1.7% to registry its worst time of the year, portion the tech-heavy Nasdaq Composite (^IXIC) dropped 2.2%. The Dow Jones Industrial Average (^DJI) dropped much than 600 points, oregon astir 1.5%.
SNP - Delayed Quote USD
At close: March 3 astatine 4:47:47 PM EST
^GSPC ^DJI ^IXIC
Tech led the sell-off, with shares of Nvidia (NVDA) sinking much than 8%. Amazon (AMZN) sank 3%, portion Tesla (TSLA) dropped 2%.
The menace of tariffs has weighed connected the market, with hopes of different hold of levies against the US trading partners faded pursuing the president's comments.
"They're each set. They spell into effect tomorrow," Trump said Monday afternoon.
Meanwhile, vigor stocks declined connected Monday arsenic lipid plummeted aft the Organization of Petroleum Exporting Countries said the cartel would commencement adding immoderate barrels backmost onto the marketplace aft astir 2 years of accumulation cuts.
Mon, March 3, 2025 astatine 8:45 PM UTC
Bitcoin pares gains, hovers adjacent $86,000
Cryptocurrencies pared gains connected Monday pursuing a crisp rally successful absorption to President Trump's announcement connected Sunday that 5 integer assets — bitcoin (BTC-USD), ether (ETH-USD), XRP (XRP-USD), solana (SOL-USD), and cardano (ADA-USD) — would beryllium included successful a caller US strategical cryptocurrency reserve.
Prices for the tokens changeable up earlier giving up immoderate of their crisp gains booked pursuing the President's station connected societal media.
By Monday astatine astir 3:15 p.m. ET, bitcoin was trading southbound of $86, 000, down from $95,000 instantly pursuing the announcement.
Mon, March 3, 2025 astatine 8:35 PM UTC
Losses accelerate aft Trump says "no country left" for negotiations with Mexico, Canada
The markets sank to league lows with Tech and Energy stocks starring the losses aft President Trump said determination was "no country left" for negotiations with Canada and Mexico and tariffs against imports from those countries would spell guardant connected Tuesday.
Nvidia (NVDA), besides weighed by reports of the tech giant’s AI chips reaching China contempt export controls, dropped 9%.
The S&P 500 (^GSPC) fell much than 2% portion the tech-heavy Nasdaq Composite (^IXIC) dropped much than 3%. The Dow Jones Industrial Average (^DJI) fell 1.9%.
Mon, March 3, 2025 astatine 8:04 PM UTC
Oil drops to lowest level of twelvemonth arsenic OPEC says it volition adhd barrels to market
Oil tumbled 2% to its lowest level of 2025, aft the Organization of Petroleum Exporting Countries (OPEC) said it volition restart immoderate of its curbed production, portion a study astir sanctions alleviation for Russia besides weighed connected vigor prices.
The determination to statesman adding 138,000 barrels a time successful April amazed marketplace participants. Many Wall Street analysts expected the cartel would hold the unwinding of accumulation cuts which began successful 2023.
In caller years the US and different countries gained marketplace stock portion OPEC reduced accumulation successful an effort to support a level connected prices.
On Monday afternoonWest Texas Intermediate crude (CL=F) declined much than 2% to $68 per barrel. Brent futures (BZ=F) besides dropped to commercialized adjacent $71.
Shale producers volition apt standard backmost caller good accumulation if lipid continues its downward way fixed higher drilling costs said Ed Hirs, elder chap astatine the University of Houston.
"Producers are going to beryllium squeezed," Hirs told Yahoo Finance. "The immense bulk volition not drill wells astatine WTI little than $70 per barrel."
Meanwhile, a Reuters study connected Monday day indicated the White House was planning to perchance springiness Russia sanctions relief arsenic it seeks to normalize ties with President Vladimir Putin.
Mon, March 3, 2025 astatine 7:45 PM UTC
Why Trump 2.0 whitethorn not interest astir a falling banal marketplace conscionable yet
Investors anxious for President Trump to instrumentality to his first-term playbook of tweeting astir the banal market whitethorn person a agelong hold up of them.
While tariff speech has dampened equity prices successful caller weeks, a increasing fig of Wall Street strategists constituent to Trump's apt archetypal bid of business: lowering enslaved yields — adjacent if it comes astatine the disbursal of a falling S&P 500 (GSPC).
"It’s tenable to deliberation that the scale has to autumn rather a spot much earlier Trump views it arsenic a concerning signal," UBS Financial Services' Jason Draho wrote successful a lawsuit enactment connected Monday, noting the S&P 500 is sitting astatine a level beneath what it was connected Inauguration Day but inactive higher than it was connected Election Day.
"There’s besides a beardown lawsuit that the applicable Trump enactment close present is for Treasuries," helium wrote, arguing that "high ostentation and rates astatine the commencement of Trump 2.0 favour policies that effect successful disinflationary growth, successful opposition to reflation that was invited during Trump 1.0."
He added that the champion denotation of a Treasury enactment is that Trump himself has tweeted precise small astir banal marketplace performance, alternatively posting much often astir the indebtedness ceiling and authorities spending.
"This leads to different conjecture, which is that the Trump Administration whitethorn not presumption dilatory maturation owed to higher tariffs and authorities spending cuts arsenic a argumentation error, but alternatively arsenic a indispensable measurement to higher maturation aboriginal on," Draho wrote.
Mon, March 3, 2025 astatine 7:15 PM UTC
Gold prices rally astir 2% arsenic Trump tariffs loom
Gold rebounded from its worst week of the twelvemonth arsenic the US dollar (DX-Y.NYB) eased and buyers flocked to the safe-haven plus successful anticipation of President Donald Trump implementing caller tariffs.
On Monday, golden futures (GC=F) gained much than 1.5% to hover beneath $2,900. The precious metallic rebounded from a nonaccomplishment of astir 3% past week, erstwhile a beardown US dollar weighed connected the commodity.
Read more here.
Mon, March 3, 2025 astatine 6:25 PM UTC
Dow, S&P 500, Nasdaq descend to league lows arsenic Nvidia falls 7%
The large averages fell to league lows arsenic selling intensified successful day trading connected Monday and shares of Nvidia (NVDA) dropped 7%.
Nvidia banal sank aft reports surfaced of the tech giant’s AI chips reaching China contempt export controls.
The S&P 500 (^GSPC) fell 0.7% portion the tech-heavy Nasdaq Composite (^IXIC) dropped much than 1.2%. The Dow Jones Industrial Average (^DJI) fell 0.6%.
Mon, March 3, 2025 astatine 5:45 PM UTC
Ray Dalio: Debt situation could origin 'economic bosom attack' for US system successful the adjacent 3 years
Yahoo Finance's Alexandra Canal reports:
Read more here.
Mon, March 3, 2025 astatine 5:05 PM UTC
Nvidia banal drops arsenic caller China spot smuggling study raises capitalist fears connected further export scrutiny
Yahoo Finance's Laura Bratton reports:
NasdaqGS - Delayed Quote USD
At close: March 3 astatine 4:00:01 PM EST
Read more here.
Mon, March 3, 2025 astatine 4:46 PM UTC
First 4th economical maturation forecasts are tumbling
A drawstring of weaker-than-expected economical data has led to sliding projections for archetypal 4th economical growth.
On Monday, 2 abstracted releases showed enactment successful the manufacturing assemblage slowed successful February portion operation spending fell much than anticipated successful January. The Atlanta Fed's GDPNow tool, which uses already released information successful the 4th to task the gait of US economical growth, present projects GDP fell by 2.8% successful the archetypal quarter, down from Friday's projection of a 1.5% decline.
Economists astatine Oxford Economics besides slashed their GDP estimation pursuing this morning's releases.
"The January figures of backstage operation person lowered our estimation of Q1 GDP to 0.6% annualized, down from 1% astatine the extremity of past week and good beneath the 2.5% penciled into the February baseline forecast," Oxford Economics pb US economist Bernard Yaros wrote successful a enactment connected Monday.
Mon, March 3, 2025 astatine 4:20 PM UTC
Tesla banal pops arsenic Morgan Stanley predicts shares volition rally to $430 connected AI and robotics play
Tesla banal (TSLA) roseate 2% connected Monday arsenic Morgan Stanley expert Adam Jonas said helium sees shares of the EV elephantine rising to $430 arsenic it diversifies into artificial quality and robotics.
Shares of the EV shaper plummeted almost 28% successful February arsenic the company's EV income slumped, leaving investors to wonderment whether CEO Elon Musk's engagement successful authorities was turning disconnected buyers.
Jonas predicted Tesla's full-year 2025 deliveries could diminution twelvemonth implicit year, "creating an charismatic introduction point" for investors. The expert reinstated Tesla arsenic a apical prime for the car sector, with a terms people of $430 (a astir 50% summation from Friday's adjacent of $292.98) and a bull lawsuit of $800.
"Tesla’s softer car deliveries are emblematic of a institution successful the modulation from an automotive ‘pure play’ to a highly diversified play connected AI and robotics," helium added.
Read more here.
Mon, March 3, 2025 astatine 3:49 PM UTC
Crypto stocks rally aft Trump touts US crypto reserve
Crypto stocks rallied successful aboriginal trading connected Monday aft President Donald Trump made caller promises astir a US crypto reserve planned by his administration.
In a station connected Truth Social connected Sunday, Trump identified 5 cryptocurrencies that the reserve volition gully connected — bitcoin, ether (ETH-USD), XRP (XRP-USD), solana (SOL-USD), and cardano (ADA-USD). In January, Trump issued an enforcement bid to make a nationalist crypto “stockpile” but did not sanction the integer assets included.
Shares of Strategy (MSTR) — the largest firm holder of bitcoin formerly known arsenic MicroStrategy — roseate arsenic overmuch arsenic 12% connected Monday morning, but was past trading astir 3% higher. Meanwhile, crypto miners Riot Platforms (RIOT) and MARA Holdings (MARA), the second formerly known arsenic Marathon Digital, some added astir 3%. Trading level supplier Coinbase (COIN) climbed 1.5%.
Mon, March 3, 2025 astatine 3:45 PM UTC
Markets brace for caller tariffs that could surpass what Trump did during his full archetypal term
Yahoo Finance's Ben Werschkul reports:
Read more here.
Mon, March 3, 2025 astatine 3:19 PM UTC
US manufacturing deed by 'operational shock' of Trump tariffs pushing costs up
Data retired Monday showed enactment successful the manufacturing grew little than expected successful February portion costs increased.
The Institute for Supply Management's manufacturing PMI registered a speechmaking of 50.3 successful February, down from January's 50.9 speechmaking and beneath the 50.7 economists had expected. Readings supra 50 for this scale bespeak an enlargement successful activity, portion readings beneath 50 bespeak a contraction.
The prices paid scale surged to 62.4, up from 54.9 the period prior, reflecting companies' continuing summation successful costs.
"Demand eased, accumulation stabilized, and destaffing continued arsenic panelists’ companies acquisition the archetypal operational daze of the caller administration’s tariff policy," Institute for Supply Management Chair Timothy Fiore wrote successful the release. "Prices maturation accelerated owed to tariffs, causing caller bid placement backlogs, supplier transportation stoppages and manufacturing inventory impacts. Although tariffs bash not spell into unit until mid-March, spot commodity prices person already risen astir 20 percent."
Another speechmaking connected manufacturing enactment retired Monday besides raised interest astir President Trump's policies. The last speechmaking of S&P Global's manufacturing PMI deed 52.7 successful February, supra 51.2 successful January and its highest level since June 2022.
Despite the upbeat scale speechmaking for February, S&P Global Market Intelligence main concern economist Chris Williamson noted that respondents' optimism for the twelvemonth up is waning.
“Business optimism astir the twelvemonth up has consequently fallen compared to the buoyant temper evident successful January, with February seeing an summation successful the fig of companies citing concerns implicit tariffs and different policies introduced by the caller Trump administration," Williamson said successful the release.
Mon, March 3, 2025 astatine 2:36 PM UTC
Stocks unfastened higher arsenic Trump tariffs loom
Stocks opened higher connected Monday arsenic investors braced for President Trump's targeted tariffs to travel into unit soon. The marketplace volition get cardinal economical penetration from Friday's merchandise of the monthly jobs study and from quarterly results from cardinal retailers.
The S&P 500 (^GSPC) climbed 0.5%. portion the tech-heavy Nasdaq Composite (^IXIC) roseate astir 0.8%. The Dow Jones Industrial Average (^DJI) was up 0.3%.
Investors expect tariffs connected Mexico and Canada volition beryllium implemented connected Tuesday, on with a doubling of levies connected imports from China.
Wall Street volition beryllium intimately watching the February jobs study owed Friday. On the net front, results from Target (TGT), Costco (COST), and Kroger (KR) volition connection much details astir the authorities of the consumer.
Mon, March 3, 2025 astatine 2:09 PM UTC
Goldman Sachs warns immoderate S&P 500 rebound is apt impermanent amid economical concerns
Markets are coming disconnected a volatile week and period successful February. And arsenic March trading kicks off, Goldman Sachs strategists pass immoderate rebound successful the S&P 500 (^GSPC) is apt to beryllium impermanent arsenic the US system shows signs of a slowdown.
"In the adjacent term, we judge an betterment successful the US economical maturation outlook volition beryllium required to afloat reverse the caller equity marketplace weakness," Goldman's David Kostin wrote successful a note. "We expect maturation information volition again beryllium cardinal for the way of US equities and adjacent Friday's jobs study volition correspond a large test."
Goldman revised its 2025 net per stock maturation forecast from 11% to 9% and maintained its 2026 maturation forecast of 7%.
Mon, March 3, 2025 astatine 1:15 PM UTC
Kroger ousts CEO aft usurpation of 'ethics' policy
Kroger (KR) shares were down 1% premarket connected quality that the grocer's longtime CEO, Rodney McMullen, resigned from his station pursuing an probe into his idiosyncratic conduct.
Reuters reports:
Mon, March 3, 2025 astatine 12:26 PM UTC
Intel banal pops aft study Nvidia has started manufacturing tests
Mon, March 3, 2025 astatine 11:33 AM UTC
Good morning. Here's what's happening today.
Mon, March 3, 2025 astatine 11:01 AM UTC
Europe defence stocks leap amid Ukraine push
Defense stocks rallied successful Europe connected Monday aft leaders successful the portion discussed however to unafraid Ukraine, prompting investors to ramp up bets connected a emergence successful subject spending.
The UK and France are leading a push by a "coalition of the willing" European leaders to boost peacekeeping forces aft past week's clash betwixt US President Donald Trump and Ukraine's person Volodymyr Zelenskiy.
The moves travel reports that France's president and Germany's adjacent authorities judge that hundreds of billions of dollars successful further defence spending is needed.
Shares of European arms makers jumped, with BAE Systems (BA.L, BAESF) rising 13% and Rheinmetall (RHM.DE, RNMBY) up 16%. Thales (HO.PA, THLEF) added 11%, Saab (SAABY, SAAB-B.ST) enactment connected 9%, and Dassault Aviation (AM.PA) gained 12%, helping assistance the Stoxx 600 by 0.5% toward a grounds high.
English (CA) · 
English (US) · 
Spanish (MX) ·