{"id":48843,"date":"2025-02-03T15:01:38","date_gmt":"2025-02-03T15:01:38","guid":{"rendered":"https:\/\/thestockmarketwatch.com\/stock-market-news\/stock-market-today-tariffs-trigger-turmoil-on-wall-street\/48843\/"},"modified":"2025-02-03T15:01:38","modified_gmt":"2025-02-03T15:01:38","slug":"stock-market-today-tariffs-trigger-turmoil-on-wall-street","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stock-market-today-tariffs-trigger-turmoil-on-wall-street\/48843\/","title":{"rendered":"Stock Market Today: Tariffs Trigger Turmoil on Wall Street"},"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-tariffs-trigger-turmoil-on-wall-street\/48843\/#Market_Indexes_Plummet_as_Trade_War_Fears_Intensify\" >Market Indexes Plummet as Trade War Fears Intensify<\/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-tariffs-trigger-turmoil-on-wall-street\/48843\/#Why_Is_the_Market_Down_Today\" >Why Is the Market Down Today?<\/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-tariffs-trigger-turmoil-on-wall-street\/48843\/#Major_Stock_News_and_Corporate_Developments\" >Major Stock News and Corporate Developments<\/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-tariffs-trigger-turmoil-on-wall-street\/48843\/#Upcoming_Market_Events_and_Earnings_Releases\" >Upcoming Market Events and Earnings Releases<\/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-tariffs-trigger-turmoil-on-wall-street\/48843\/#Economic_Data_and_Policy_Decisions\" >Economic Data and Policy Decisions<\/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-tariffs-trigger-turmoil-on-wall-street\/48843\/#Market_Outlook_and_Analyst_Perspectives\" >Market Outlook and Analyst Perspectives<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Market_Indexes_Plummet_as_Trade_War_Fears_Intensify\"><\/span>Market Indexes Plummet as Trade War Fears Intensify<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>On Monday, February 3, 2025, the stock market experienced a significant downturn as investors grappled with the implications of President Donald Trump&#8217;s newly imposed tariffs on Canada, Mexico, and China. The <b>market news today<\/b> is dominated by concerns over a potential full-blown trade war and its impact on the global economy.<\/p>\n<p>As of 9:35 a.m. Eastern time, the major market indexes showed substantial losses:<\/p>\n<p>&#8211; The <a href=\"https:\/\/stockmarketwatch.com\/indices\/dowjones\/today\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Dow Jones Today\">Dow Jones<\/a> Industrial Average fell 435 points, or 1%, <br \/>&#8211; The <a href=\"https:\/\/stockmarketwatch.com\/indices\/sp500\/today\" data-internallinksmanager029f6b8e52c=\"3\" title=\"snp500 today\">S&#038;P 500<\/a> dropped 1.4%<br \/>&#8211; The Nasdaq Composite plunged 1.8%<\/p>\n<p>These declines reflect the <b><a href=\"https:\/\/stockmarketwatch.com\/live\/stock-market-today\" data-internallinksmanager029f6b8e52c=\"6\" title=\"Stock Market Today\">stock market today<\/a><\/b> responding to the heightened economic uncertainty. Futures markets had indicated an even steeper drop, with Dow futures down 1.32%, S&#038;P 500 futures declining 1.55%, and Nasdaq 100 futures falling 1.86% in <a href=\"https:\/\/stockmarketwatch.com\/movers\/premarket\" data-internallinksmanager029f6b8e52c=\"7\" title=\"Premarket Movers\">pre-market trading<\/a>.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Why_Is_the_Market_Down_Today\"><\/span>Why Is the Market Down Today?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The primary reason <b>why is the market down today<\/b> can be attributed to President Trump&#8217;s announcement of new tariffs:<\/p>\n<p>1. 25% tariff on imports from Mexico and Canada<br \/>2. 10% tariff on imports from China<\/p>\n<p>These measures have stoked fears of retaliatory actions and a potential escalation of global trade tensions. The Mexican peso and Canadian dollar have both weakened against the U.S. dollar in response to the news.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Major_Stock_News_and_Corporate_Developments\"><\/span>Major Stock News and Corporate Developments<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Several prominent stocks are making headlines in today&#8217;s turbulent market:<\/p>\n<p>&#8211; Nvidia (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=NVDA\">NVDA<\/a>): The AI giant&#8217;s stock crashed, losing 5.3% following reports of a Chinese competitor developing a comparable large language model.<br \/>&#8211; Apple (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=AAPL\">AAPL<\/a>) and Microsoft (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=MSFT\">MSFT<\/a>): Both tech giants saw their stocks decline by nearly 2% each.<br \/>&#8211; Ford (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=F\">F<\/a>) and General Motors (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=GM\">GM<\/a>): The automakers&#8217; shares dropped 4.1% and 6.7% respectively, as they are particularly vulnerable to tariffs on Mexican imports.<br \/>&#8211; Coinbase (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=COIN\">COIN<\/a>): The cryptocurrency exchange operator&#8217;s stock fell 5.7% as Bitcoin prices tumbled in the risk-off environment.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Upcoming_Market_Events_and_Earnings_Releases\"><\/span>Upcoming Market Events and Earnings Releases<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Despite the market turmoil, several important events and earnings releases are scheduled for this week:<\/p>\n<p>1. Alphabet (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=GOOGL\">GOOGL<\/a>), AMD (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=AMD\">AMD<\/a>), PayPal (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=PYPL\">PYPL<\/a>), and Eli Lilly (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=LLY\">LLY<\/a>) are set to report their quarterly earnings.<br \/>2. The January manufacturing activity report is expected later today.<br \/>3. The crucial January non-farm payrolls report is due on Friday, which could provide insights into the labor market&#8217;s health.<\/p>\n<p>In India, companies like Aditya Birla Capital, Castrol, Divi&#8217;s Lab, and Barbeque Nation are scheduled to release their Q3FY25 earnings reports today.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Economic_Data_and_Policy_Decisions\"><\/span>Economic Data and Policy Decisions<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Investors are closely watching for any signs of how the new tariffs might impact inflation and, consequently, the Federal Reserve&#8217;s monetary policy. The Fed had begun cutting interest rates in September to boost the U.S. economy, but persistently high inflation could force a reconsideration of this approach.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Market_Outlook_and_Analyst_Perspectives\"><\/span>Market Outlook and Analyst Perspectives<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Wall Street analysts are reassessing their forecasts in light of the new tariffs:<\/p>\n<p>&#8211; Goldman Sachs noted that if the tariffs are sustained, it could reduce their S&#038;P 500 earnings per share (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=EPS\">EPS<\/a>) growth forecast by roughly 2%-3%.<br \/>&#8211; Morgan Stanley expects U.S. equities to come under pressure.<\/p>\n<p>However, some see potential opportunities amid the volatility. Bajaj Broking suggests that the 2025 Union Budget in India lays a solid framework for economic expansion, recommending stocks like United Spirits, Dabur India, and Exide Industries for potential growth.<\/p>\n<p>As the <b>stock market today<\/b> continues to react to these developments, investors are advised to stay informed and consider the long-term implications of these trade policies on their portfolios. The coming days will be crucial in determining whether this is a short-term correction or the beginning of a more prolonged market downturn.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Market Indexes Plummet as Trade War Fears Intensify On Monday, February 3, 2025, the stock market experienced a significant downturn 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