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Kiplinger
Kiplinger
Business
Karee Venema

Stock Market Today: Trump's Tariff Reversal Can't Save Stocks

Donald Trump Jason Ader Jerome Powell Jim Kelleher MongoDB Challenger Gray Christmas MRVL TradingView
A big red arrow pointing down.

Stocks tumbled out of the gate on a mixed round of jobs data. President Donald Trump's temporary pause on tariffs couldn't save the indexes this time around, with one major benchmark closing firmly in correction territory.

Ahead of the open, Challenger, Gray & Christmas said there were 172,017 job cuts in February – the most since July 2020 and more than triple what was seen in January.

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