The S&P 500 Index ($SPX) (SPY) today is down -1.42%, the Dow Jones Industrials Index ($DOWI) (DIA) is down -1.20%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -1.51%. March E-mini S&P futures (ESH25) are down by -1.52%, and March E-mini Nasdaq futures (NQH25) are down by -1.67%.
Stock indexes today are sharply lower, with the S&P 50 falling to a 2-week low and the Dow Jones Industrials dropping to a 1-1/2 week low. Stocks are sliding 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. Canada and Mexico are both announcing retaliatory measures against US products. 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%.
