‘The Claman Countdown’ panelist Kenny Polkari and Shimon Hyiman analyzed how the market would respond to a tariff on Canada and Mexico.
American stocks fell rapidly on Monday before President Trump’s 25% tariff against Canada and Mexico, which are set to live at midnight.
Dow Jones Industrial fell around 700 points or 1.48%, While the NASDAQ was lost 2.6% and S&P 500 1.7%.
| Langer | Security | Last | Change | Change % |
|---|---|---|---|---|
| Me: DJI | Dow jones average | 43191.24 | -649.67 |
-1.48% |
| I: Comp | Nasdac overall index | 18350.191194 | -497.09 |
-2.64% |
| SP500 | S&P 500 | 5849.72 | -104.78 |
-1.76% |
Most active stocks included Nvidia, which lost 8% and Intel, a rival 4% for TSMC and Ford fell nearly 2%.
| Langer | Security | Last | Change | Change % |
|---|---|---|---|---|
| NVDA | Nvidia Corp. | 114.06 | -10.86 |
-8.69% |
| commission | Intel Corp. | 22.74 | -0.99 |
-4.17% |
| F | Ford Motor Cum. | 9.39 | -0.16 |
-1.68% |
Dow jones industrial average
Trump said, “No room is left for Mexico or to Canada. No, Tariff, you know, they are all sets. They apply tomorrow,” TSMC investment of $ 100 billion in America “State of-the-art semiconductor manufacturing facilities” mostly in Arizona.
Tariff on Canada, Mexico Kick-in Tuesday
US President Donald Trump (R) joined hands with CC V on March 3, 2025 in the Roosevelt Room of Washington, White House in DC, with CC V, CC V, CEO of the Taiwan Semiconductor Manufacturing Company (TSMC). (Andrew Harnik / Getty Image / Getty Images)
He said, “It is going to be very expensive for people to take advantage of this country. They cannot come in and steal our money and steal our jobs and take our factories and take our businesses and hope that they will be punished, and they are being punished by tariff,” he said.
Technology and energy stocks accelerated sales, while consumer staples and healthcare, defensive plays, posted partial benefits.
| Langer | Security | Last | Change | Change % |
|---|---|---|---|---|
| XLK | Technology selection sector SPDR ETF | 218.76 | -6.78 |
-3.01% |
| Xle | Energy Selection Area SPDR ETF | 87.82 | -3.18 |
-3.49% |
| XLP | Select consumer staple sector SPDR ETF | 83.54 | +0.53 |
+0.64% |
| XLV | Health Care Sector SPDR ETF | 149.58 | +0.65 |
+0.44% |
10-year-old treasure yield The three -month low of 4.2%slipped.
Along with tariffs, disappointing manufacturing data also rubbed the markets. The ISM new order index fell for the first time in six months, while the employment index is in contraction for eight of the last nine months.
The American economy can stare a recession. The GDPNOW forecast of the Federal Reserve Bank of Atlanta, which measures the expectations of real -time increase, is showing a decline of 2.8% for the first quarter of 2025. Last week, Consumer belief saw the biggest decline In about four years.
| Langer | Security | Last | Change | Change % |
|---|---|---|---|---|
| USO | United States Oil Fund – USD ACC | 73.32 | -1.90 |
-2.53% |
| GLD | SPDR Gold Share Trust – USD ACC | 266.74 | +3.47 |
+1.32% |
The oil slipped to more than 2% to $ 68.28 per barrel, while gold rose 1.85% to $ 2,901 per ounce.
Trump Advance Crypto Reserve Plan
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In cryptocurrency, Bitcoin reversed the first profit after Trump on Sunday, announced plans for a crypto strategic reserve on Sunday. Prices fell below $ 90,000 below the record of $ 106,734.
