The S&P 500 Index ($SPX) (SPY) on Monday closed down -1.04%, the Dow Jones Industrial Average ($DOWI) (DIA) closed down -1.66%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -1.21%. March E-mini S&P futures (ESH26) fell -1.02%, and March E-mini Nasdaq futures (NQH26) fell -1.19%.
Stock indexes sold off sharply on Monday, with the Dow Jones Industrial Average falling to a 3-week low, as uncertainty over American trade policy sparked risk-off sentiment in asset markets. President Trump signed an executive order raising global tariffs under Section 122 of the Trade Act of 1974 to 15% from 10%, which he initially imposed after the Supreme Court struck down his global “reciprocal” tariffs last Friday.
