Stock Market Today: Trump’s Tariff Bomb Sends Dow Plunging 650 Points
The stock market today spiraled into chaos after former President Donald Trump confirmed 25% tariffs on Canada and Mexico, plus a 10% levy on China, triggering the S&P 500’s worst single-day drop since December. The Dow Jones plummeted 650 points, while the Nasdaq collapsed 2.64% as investors fled risk assets. Here’s how Trump’s trade war 2.0 obliterated $1.2T in market value and turned 2025’s gains to dust.
Index Carnage: S&P 500 Turns Red for 2025
- S&P 500: Crashed 1.76% to 5,849.72, erasing its yearly gains (-0.5% YTD).
- Dow Jones: Plunged 1.48% (650 points) to 43,191.24—its steepest drop since October 2024.
- Nasdaq: Collapsed 2.64% to 18,350.19 as tech stocks bled.
“No more deals. Tariffs start tomorrow,” Trump declared, dashing hopes of last-minute negotiations. Markets reversed sharply after his afternoon announcement, wiping out a 200-point Dow rally .
Tariff Tsunami: Who’s Hit Hardest?
Auto Sector Wreckage
- GM: Fell to session lows, down 4% on fears of Mexican retaliation.
- Ford: Dropped 3.5% as tariffs threaten its cross-border supply chain.
- Russell 2000: Small caps sank 3%, signaling broad economic anxiety.
Tech Bloodbath
- Nvidia: Crashed 9%—its worst day since 2023—on China tariff risks.
- Broadcom: Plunged 7%, while AI darling Super Micro Computer tumbled 6%.
- iShares ETFs: Canada (EWC) -2.1%, Mexico (EWW) -0.9% .
Top Real Estate Investment Strategies for 2025: Unlock Your Financial Future
Defensive Havens: The Only Winners
As investors fled to safety:
- Philip Morris: Rose 2%, defying the selloff.
- PepsiCo & Procter & Gamble: Gained 1% as staples outperformed.
- Johnson & Johnson: Up 1% amid the risk-off pivot .
Top High-Yield Savings Accounts for 2025
Economic Jitters Amplify the Panic
Weak data compounded tariff fears:
- Manufacturing Slump: February’s ISM missed estimates, signaling contraction.
- Construction Slowdown: Spending growth stalled, hinting at rate hike fatigue.
- Jobs Report Risk: Friday’s February data could deepen losses if hiring cools.
“Tariffs are an economic shock,” warned FWDBONDS’ Chris Rupkey. “The market can’t stomach this and weak data” .
How to Retire by 40: 2025’s FIRE Movement Strategies
What’s Next?
- April 2: Trump’s “reciprocal tariffs” take effect unless Canada/Mexico concede.
- Fed Watch: Powell’s testimony (March 6) and jobs report (March 7) could dictate short-term relief.
- Retaliation Risk: Mexico and Canada vowed “proportional measures,” threatening U.S. agriculture and energy exports.
TNN is your hub for impactful stock market today news! We’re here to deliver concise, reliable, and engaging updates—Business news, tech updates, entertainment, and more. Explore the world with us, where every story matters. Trust the news, trust us!
One thought on “Stock Market Today: Trump Tariffs Trigger Worst Selloff of 2025 as S&P 500 Erases Yearly Gains”