Reported about 7 hours ago
On March 4, 2025, U.S. stock markets experienced significant drops as fresh tariffs imposed by President Trump on Canada, Mexico, and China took effect. The Dow Jones fell approximately 1.5% while the S&P 500 wiped out its post-election gains with a 1.2% decline. This escalation in the trade war heightened fears of economic slowdown, affecting various sectors, especially small-cap stocks and those reliant on consumer spending, as retail giants like Target expressed concerns over profit impacts amid ongoing uncertainty.
Source: YAHOO