{"id":48842,"date":"2025-02-03T12:28:40","date_gmt":"2025-02-03T12:28:40","guid":{"rendered":"https:\/\/thestockmarketwatch.com\/stock-market-news\/stock-market-today-trumps-tariffs-shake-global-markets\/48842\/"},"modified":"2025-02-03T12:28:40","modified_gmt":"2025-02-03T12:28:40","slug":"stock-market-today-trumps-tariffs-shake-global-markets","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stock-market-today-trumps-tariffs-shake-global-markets\/48842\/","title":{"rendered":"Stock Market Today: Trump&#8217;s Tariffs Shake Global Markets"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stock-market-today-trumps-tariffs-shake-global-markets\/48842\/#Major_Indexes_Tumble_as_Trade_War_Fears_Escalate\" >Major Indexes Tumble as Trade War Fears Escalate<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stock-market-today-trumps-tariffs-shake-global-markets\/48842\/#Current_Market_Performance\" >Current Market Performance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stock-market-today-trumps-tariffs-shake-global-markets\/48842\/#Trumps_Tariff_Announcement\" >Trump&#8217;s Tariff Announcement<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stock-market-today-trumps-tariffs-shake-global-markets\/48842\/#Global_Market_Reaction\" >Global Market Reaction<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stock-market-today-trumps-tariffs-shake-global-markets\/48842\/#Sector_and_Stock_Highlights\" >Sector and Stock Highlights<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stock-market-today-trumps-tariffs-shake-global-markets\/48842\/#Upcoming_Market_Events\" >Upcoming Market Events<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stock-market-today-trumps-tariffs-shake-global-markets\/48842\/#Corporate_Earnings_in_Focus\" >Corporate Earnings in Focus<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stock-market-today-trumps-tariffs-shake-global-markets\/48842\/#Expert_Outlook\" >Expert Outlook<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stock-market-today-trumps-tariffs-shake-global-markets\/48842\/#Why_is_the_Market_Up_Today\" >Why is the Market Up Today?<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Major_Indexes_Tumble_as_Trade_War_Fears_Escalate\"><\/span>Major Indexes Tumble as Trade War Fears Escalate<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>On Monday, February 3, 2025, the stock market is experiencing significant turbulence as investors react to President Donald Trump&#8217;s surprise announcement of new tariffs on key U.S. trading partners. The move has sent shockwaves through global financial markets, raising fears of an escalating trade war and its potential impact on economic growth.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Current_Market_Performance\"><\/span>Current Market Performance<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>As of 11:10 AM EST, the major U.S. stock market indexes are showing substantial declines:<\/p>\n<p>&#8211; <b><a href=\"https:\/\/stockmarketwatch.com\/indices\/sp500\/today\" data-internallinksmanager029f6b8e52c=\"3\" title=\"snp500 today\">S&#038;P 500<\/a><\/b>: Down 1.5% to 5,977.25<br \/>&#8211; <b><a href=\"https:\/\/stockmarketwatch.com\/indices\/dowjones\/today\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Dow Jones Today\">Dow Jones<\/a> Industrial Average<\/b>: Down 1.2% to 44,152.00<br \/>&#8211; <b>Nasdaq Composite<\/b>: Futures indicate a drop of 1.85%<\/p>\n<p>These losses come on the heels of a strong January performance, where the S&#038;P 500 gained 2.7%, the Nasdaq Composite rose 1.6%, and the Dow Jones surged 4.7%.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Trumps_Tariff_Announcement\"><\/span>Trump&#8217;s Tariff Announcement<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The market downturn is primarily attributed to President Trump&#8217;s decision to impose:<\/p>\n<p>&#8211; 25% tariffs on most imports from Canada and Mexico<br \/>&#8211; 10% tariffs on goods from China<\/p>\n<p>These measures are set to take effect on Tuesday, February 4, 2025. The Trump administration has not specified what improvements in illegal immigration control and fentanyl smuggling prevention would be required to lift these tariffs.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Global_Market_Reaction\"><\/span>Global Market Reaction<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The impact of Trump&#8217;s tariffs is reverberating across global markets:<\/p>\n<p>&#8211; <b>Europe<\/b>: France&#8217;s CAC 40 down 1.6%, Germany&#8217;s DAX dropped 1.5%, and Britain&#8217;s FTSE 100 fell 1.3%<br \/>&#8211; <b>Asia<\/b>: Japan&#8217;s Nikkei 225 lost 2.7%, Australia&#8217;s S&#038;P\/ASX 200 declined 1.8%, and South Korea&#8217;s Kospi dropped 2.5%<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Sector_and_Stock_Highlights\"><\/span>Sector and Stock Highlights<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Amid the market turmoil, certain sectors and stocks are drawing attention:<\/p>\n<p>&#8211; <b>Technology<\/b>: Despite the overall market decline, some tech stocks are showing resilience. SoftBank Group Corp. (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=SFTBY\">SFTBY<\/a>) rose 0.5% following its announcement of a joint venture with OpenAI.<br \/>&#8211; <b>Automotive<\/b>: U.S. automakers with significant North American supply chains are among the hardest hit. General Motors (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=GM\">GM<\/a>) and Ford (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=F\">F<\/a>) are expected to see significant pressure.<br \/>&#8211; <b>Energy<\/b>: Oil prices are rising, with U.S. crude jumping to $74.29 a barrel, potentially benefiting energy sector stocks.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Upcoming_Market_Events\"><\/span>Upcoming Market Events<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Investors are closely watching several key economic reports and events this week:<\/p>\n<p>1. Manufacturing Purchasing Managers&#8217; Index (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=PMI\">PMI<\/a>) and Construction Spending data (February 3)<br \/>2. Job openings and Factory Orders data (February 4)<br \/>3. S&#038;P final U.S. services PMI and ADP employment data (later this week)<br \/>4. U.S. unemployment rate and preliminary consumer sentiment report (upcoming)<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Corporate_Earnings_in_Focus\"><\/span>Corporate Earnings in Focus<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>This week is crucial for corporate earnings, with over 120 S&#038;P 500 companies set to report. Key companies to watch include:<\/p>\n<p>&#8211; Amazon (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=AMZN\">AMZN<\/a>)<br \/>&#8211; Alphabet (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=GOOGL\">GOOGL<\/a>)<br \/>&#8211; PayPal (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=PYPL\">PYPL<\/a>)<br \/>&#8211; Walt Disney (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=DIS\">DIS<\/a>)<br \/>&#8211; Uber (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=UBER\">UBER<\/a>)<\/p>\n<p>Today&#8217;s notable earnings reports include Palantir (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=PLTR\">PLTR<\/a>), Tyson Foods (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=TSN\">TSN<\/a>), and NXP Semiconductors (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=NXPI\">NXPI<\/a>).<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Expert_Outlook\"><\/span>Expert Outlook<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Market analysts are cautioning about potential volatility in the coming days. Yeap Jun Rong, market strategist at IG, warns, &#8220;The implications for trade restrictions could result in reduced global trade flows, supply chain shifts which could mean higher costs for businesses, and higher inflation.&#8221;<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Why_is_the_Market_Up_Today\"><\/span>Why is the Market Up Today?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Contrary to the &#8220;why is the market up today?&#8221; query, the market is actually down significantly. The current downturn is directly linked to fears of a global trade war sparked by Trump&#8217;s tariff announcements. However, investors should note that market dynamics can shift rapidly, and it&#8217;s essential to stay informed about ongoing developments and their potential impact on various sectors and stocks.<\/p>\n<p>As the situation continues to evolve, market participants are advised to closely monitor trade negotiations, economic indicators, and corporate earnings reports for insights into potential market movements in the coming days and weeks.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Major Indexes Tumble as Trade War Fears Escalate On Monday, February 3, 2025, the stock market is experiencing significant turbulence 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