FX.co ★ US Stocks Sink on Tariffs Worries

On Monday, U.S. stocks experienced a significant decline as the S&P 500 fell by 1.4%, the Nasdaq decreased by 2.4%, and the Dow Jones dropped approximately 300 points. This downturn was largely attributed to ongoing concerns over the trade war, which continue to impact economic outlooks and investor confidence. New reciprocal tariffs are scheduled to be implemented on April 2nd, including a 25% duty on "all cars not manufactured in the U.S." President Trump has announced that these tariffs will be applied broadly to all countries, and there are indications that he has recently encouraged his advisors to adopt a more assertive approach to trade policies. Notable losses were seen among major technology companies, with Nvidia down 4.4%, Amazon falling 3.5%, Meta decreasing 3.5%, Alphabet dropping 1.6%, and Tesla plummeting 7%. The auto giants General Motors and Ford also experienced declines, down 0.5% and 0.3%, respectively. Throughout March, the S&P 500 has already declined by over 6%, recording its most substantial monthly drop since September 2022. Additionally, the Nasdaq has decreased by 8%, and the Dow has fallen by 5.2% for the month. In the first quarter, the S&P 500 has decreased by 5.1%, the Nasdaq has suffered a significant 10.3% drop, marking its steepest decline since 2022, and the Dow has lost 2.3%.