The stock market today continued its volatile run as investors reacted to President Donald Trump’s latest tariff announcements targeting Canadian steel and aluminum. After initially plummeting, the Nasdaq today attempted a recovery following Trump’s remarks, where he suggested he might reconsider the proposed 50% tariffs.
Meanwhile, the Dow Jones Industrial Average (DJIA) sank by 300 points, dragged down by losses in Verizon (VZ), while the S&P 500 hovered around correction territory, slipping 0.1% to approximately 5,600.
The mood on Wall Street remains tense, as traders brace for critical inflation data and potential Federal Reserve moves that could shape the market’s direction in the coming weeks.
Stock Market Today: How Nasdaq, Dow, and S&P 500 Reacted
Trump’s Tariff Threats Shake Markets
- Trump announced 50% tariffs on Canadian steel and aluminum, rattling global markets.
- The president also threatened higher duties on Canadian auto imports, warning that the move could “permanently shut down” the country’s car manufacturing sector.
- Markets briefly rebounded after Trump hinted at potentially walking back the tariff hikes during a press briefing.
Nasdaq Today Attempts a Comeback After Monday’s Sell-Off
- The Nasdaq Composite rebounded 0.5% after Monday’s brutal 4% drop, which marked its worst single-day loss since 2022.
- Tesla (TSLA), which suffered steep losses earlier in the week, saw a slight bounce after Trump voiced his support for the electric vehicle giant.
- Tech stocks remain under pressure amid fears of stagflation and interest rate uncertainty.
Dow Jones Stock Markets Plummet as Trump Recession Fears Shake Wall Street
Dow Today: More Pain for the Blue Chips
- The Dow Jones today fell 300 points, marking another day of declines.
- The index was weighed down by losses in Verizon (VZ) and other blue-chip stocks facing macroeconomic uncertainty.
- Analysts warn that more downside is possible if economic concerns persist.
S&P 500 Hovers in Correction Territory
- The S&P 500 flirted with correction levels, dipping 0.1% to around 5,600.
- Market sentiment remains fragile, with investors awaiting upcoming CPI and PPI reports for further economic clarity.
Tesla Stock Plummets Over 15%, Hits Lowest Level Since Election
Upcoming CPI Report: Will Inflation Data Calm Markets?
The Consumer Price Index (CPI) report, scheduled for release Wednesday at 8:30 AM ET, will serve as the next major test for market stability.
What Analysts Expect for February’s CPI Data
- Headline inflation is projected at 2.9% (down from January’s 3.0%).
- Month-over-month price increases are expected to be 0.3%, compared to 0.5% in January.
- Core inflation (excluding food and energy) is forecast at 3.2% year-over-year.
Federal Reserve Chair Jerome Powell has warned that inflation pressures will likely persist, even if the CPI report meets expectations. The Fed’s stance on interest rates will be critical in determining how markets react.
Stock Market Today: Trump Tariffs Trigger Worst Selloff of 2025 as S&P 500 Erases Yearly Gains
White House Responds to Market Volatility
The Biden administration’s handling of economic policies remains a major discussion point, as markets continue their decline.
White House Press Secretary Karoline Leavitt’s Comments:
- Leavitt downplayed stock market declines, calling them “a snapshot of the moment in time.”
- She reaffirmed Trump’s position that the U.S. is “transitioning from the economic disaster left by Joe Biden.”
- The White House insists that Trump’s economic policies will restore market stability in the long term.
Will Stocks Recover or Keep Sliding?
As investors brace for further volatility, the market’s direction will largely depend on:
- Trump’s Tariff Decisions: Whether he follows through or backs down on the 50% Canada tariffs.
- CPI and PPI Reports: Key inflation data due this week will guide Federal Reserve policy.
- Investor Sentiment: The risk of stagflation remains a concern, adding pressure on Wall Street.
For now, traders will be closely watching Nasdaq today, along with Dow and S&P 500 futures, to gauge the market’s next move.
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