U.S. stocks have tumbled amid tariff uncertainty and growth fears. The Nasdaq Composite Index ($NASX) has fallen into a correction zone, and the S&P 500 Index ($SPX) briefly fell below the 200-day moving average on March 6. Small-cap companies, loss-making names, and penny stocks have borne the brunt of the turmoil, which is typical in market crashes.
Companies whose businesses are negatively impacted by President Donald Trump’s tariffs have also been quite volatile. And it is quite a long list of companies, as the U.S. is the world’s biggest importer, and while Trump has delayed tariffs on Canada and Mexico, the president hasn’t provided much leeway to China, with whom the country runs its biggest trade deficit.
