{"id":48969,"date":"2025-03-03T19:28:41","date_gmt":"2025-03-03T19:28:41","guid":{"rendered":"https:\/\/thestockmarketwatch.com\/stock-market-news\/market-recap-stocks-retreat-as-trump-tariffs-loom-and-nvidia-plunges\/48969\/"},"modified":"2025-03-03T19:28:41","modified_gmt":"2025-03-03T19:28:41","slug":"market-recap-stocks-retreat-as-trump-tariffs-loom-and-nvidia-plunges","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/market-recap-stocks-retreat-as-trump-tariffs-loom-and-nvidia-plunges\/48969\/","title":{"rendered":"Market Recap: Stocks Retreat as Trump Tariffs Loom and Nvidia Plunges"},"content":{"rendered":"<p>The U.S. stock market experienced a significant downturn on Monday, March 3, 2025, as investors grappled with looming tariff deadlines and a sharp decline in tech giant Nvidia. The major indexes all closed in negative territory, extending February&#8217;s losses and setting a cautious tone for the new month.<\/p>\n<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\/market-recap-stocks-retreat-as-trump-tariffs-loom-and-nvidia-plunges\/48969\/#Major_Index_Performance\" >Major Index Performance<\/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\/market-recap-stocks-retreat-as-trump-tariffs-loom-and-nvidia-plunges\/48969\/#Tariff_Concerns_Weigh_on_Markets\" >Tariff Concerns Weigh on Markets<\/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\/market-recap-stocks-retreat-as-trump-tariffs-loom-and-nvidia-plunges\/48969\/#Tech_Sector_Leads_Decline\" >Tech Sector Leads Decline<\/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\/market-recap-stocks-retreat-as-trump-tariffs-loom-and-nvidia-plunges\/48969\/#Cryptocurrency_Surge\" >Cryptocurrency Surge<\/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\/market-recap-stocks-retreat-as-trump-tariffs-loom-and-nvidia-plunges\/48969\/#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-6\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/market-recap-stocks-retreat-as-trump-tariffs-loom-and-nvidia-plunges\/48969\/#Economic_Outlook\" >Economic Outlook<\/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\/market-recap-stocks-retreat-as-trump-tariffs-loom-and-nvidia-plunges\/48969\/#Market_Sentiment\" >Market Sentiment<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Major_Index_Performance\"><\/span>Major Index Performance<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>As of the market close:<\/p>\n<p>&#8211; The <a href=\"https:\/\/stockmarketwatch.com\/markets\/sp500\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"snp500 today\">S&#038;P 500<\/a> (^GSPC) fell 57.68 points or 0.97% to 5,896.82<br \/>&#8211; The <a href=\"https:\/\/stockmarketwatch.com\/markets\/dowjones\/today.aspx\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Dow Jones Today\">Dow Jones<\/a> Industrial Average (^DJI) dropped 387.92 points or 0.88% to 43,452.99<br \/>&#8211; The Nasdaq Composite (^IXIC) plummeted 268.39 points or 1.42% to 18,578.89<cscitation citation_id=\"task_2__2\"><\/cscitation><\/p>\n<p>These declines come on the heels of a volatile February, where all three major indexes ended the month in negative territory. The Dow and S&#038;P 500 each slipped more than 1% in February, while the tech-heavy Nasdaq Composite recorded its worst month since April 2024 with a pullback of 4%.<cscitation citation_id=\"task_1__3\"><\/cscitation><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Tariff_Concerns_Weigh_on_Markets\"><\/span>Tariff Concerns Weigh on Markets<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The primary driver of market uncertainty is the impending implementation of President Donald <a href=\"https:\/\/thestockmarketwatch.com\/live\/trump-stock-market\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Trump\">Trump<\/a>&#8217;s tariff policies. A 25% levy on Canadian and Mexican goods is scheduled to begin on Tuesday, March 4, 2025. However, Commerce Secretary Howard Lutnick indicated on Sunday that the exact tariff rate is still &#8220;fluid&#8221; and could potentially be lower than the proposed 25%.<cscitation citation_id=\"task_1__3\"><\/cscitation><\/p>\n<p>Additionally, an extra 10% duty on Chinese imports appears to be &#8220;set,&#8221; according to Treasury Secretary Scott Bessent. These tariff concerns have reignited fears of inflation and potential economic slowdown, contributing to market volatility.<cscitation citation_id=\"task_1__3\"><\/cscitation><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Tech_Sector_Leads_Decline\"><\/span>Tech Sector Leads Decline<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The technology sector, particularly semiconductor stocks, faced significant pressure on Monday. <b>Nvidia (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=NVDA\">NVDA<\/a>)<\/b>, the AI chip giant, saw its stock plummet by 7.16% to $115.98.<cscitation citation_id=\"task_2__2\"><\/cscitation> This sharp decline came amid reports that Nvidia&#8217;s AI chips are reaching China despite export controls, raising concerns about potential regulatory backlash.<cscitation citation_id=\"task_2__2\"><\/cscitation><\/p>\n<p>Other notable tech movements included:<\/p>\n<p>&#8211; Intel (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=INTC\">INTC<\/a>): Up 0.63% to $23.88<br \/>&#8211; Palantir Technologies (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=PLTR\">PLTR<\/a>): Gained 2.39% to $86.95<br \/>&#8211; Tesla (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=TSLA\">TSLA<\/a>): Fell 2.11% to $286.80<cscitation citation_id=\"task_2__2\"><\/cscitation><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Cryptocurrency_Surge\"><\/span>Cryptocurrency Surge<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>In contrast to the stock market&#8217;s decline, cryptocurrencies experienced a significant rally. Bitcoin traded above $90,000 following President <a href=\"https:\/\/thestockmarketwatch.com\/live\/trump-stock-market\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Trump\">Trump<\/a>&#8217;s announcement on Sunday that he would proceed with a strategic reserve including bitcoin, ether, and three smaller tokens. This news boosted crypto-sensitive stocks such as Coinbase and MicroStrategy in <a href=\"https:\/\/stockmarketwatch.com\/markets\/pre-market\/\" data-internallinksmanager029f6b8e52c=\"7\" title=\"Premarket Movers\">pre-market trading<\/a>.<cscitation citation_id=\"task_2__3\"><\/cscitation><\/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 events this week that could impact market direction:<\/p>\n<p>1. President Trump&#8217;s address to Congress on Tuesday, which may provide clarity on his economic policies.<br \/>2. Major retail earnings reports, including Target and Best Buy on Tuesday, and Macy&#8217;s and Kroger on Thursday.<br \/>3. Semiconductor company Broadcom&#8217;s earnings report on Thursday.<br \/>4. The official February jobs report, scheduled for release on Friday.<cscitation citation_id=\"task_2__3\"><\/cscitation><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Economic_Outlook\"><\/span>Economic Outlook<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Goldman Sachs strategists have warned that any rebound in the S&#038;P 500 is likely to be temporary as the U.S. economy shows signs of slowing down. The firm revised its 2025 earnings per share growth forecast from 11% to 9% while maintaining its 2026 growth forecast at 7%.<cscitation citation_id=\"task_2__2\"><\/cscitation><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Market_Sentiment\"><\/span>Market Sentiment<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The CBOE Volatility Index (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=VIX\">VIX<\/a>), often referred to as the &#8220;fear gauge,&#8221; closed at 19.63 on Friday, down 7.1% from the previous session. However, during intraday trading, it touched 22.40, its highest level since January 27, indicating persistent investor anxiety.<cscitation citation_id=\"task_1__1\"><\/cscitation><\/p>\n<p>As markets navigate through these uncertain times, investors remain cautious, closely monitoring economic data, corporate earnings, and geopolitical developments. The upcoming jobs report on Friday will be a crucial test for U.S. equities and may provide further insight into the health of the economy amidst ongoing trade tensions and policy uncertainties.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The U.S. stock market experienced a significant downturn on Monday, March 3, 2025, as investors grappled with looming tariff deadlines 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