Reported about 12 hours ago
U.S. stocks plunged on Monday as concerns grew over President Trump's imminent tariffs on Canada and Mexico, leading to a 1.8% drop in the S&P 500 and a 649-point decline in the Dow Jones Industrial Average. The market, which had rallied post-election, is now grappling with diminishing growth expectations and pessimism surrounding inflation, exacerbated by weak manufacturing reports. Trump's firm stance on tariffs dashed hopes for more accommodating trade policies, further impacting stocks, particularly in technology and cryptocurrency sectors.
Source: YAHOO