The S&P 500 Index ($SPX) (SPY) today is down -0.95%, the Dow Jones Industrials Index ($DOWI) (DIA) is down -0.51%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -1.12%. March E-mini S&P futures (ESH25) are down by -0.72%, and March E-mini Nasdaq futures (NQH25) are down by -0.79%.
Stock indexes today are moderately lower, with the S&P 500 falling to a 2-week low, the Dow Jones Industrials dropping to a 1-1/2 week low, and the Nasdaq 100 sliding to a 1-week low. Stocks are falling globally today after President Trump on Saturday announced 25% tariffs on Canada and Mexico and 10% on China and warned that European tariffs are coming. The tariffs are set to take effect on Tuesday and could spark a trade war that threatens economic growth worldwide. Goldman Sachs warned there's a risk of a 5% slump in US stocks because of the hit on corporate earnings, and RBC Capital Markets estimates stock declines of 5% to 10%.
