Wall Street Hit by Tariffs on Canada & Mexico?

thecekodok


Concerns over tariffs imposed by President Donald Trump continued to weigh on the stock market on Monday, with the Dow falling 1.48%, the S&P 500 down 1.76%, and the Nasdaq Composite down 2.64%.


However, the stock market on Tuesday recovered after yesterday's decline.


The decline was due to Trump confirming tariffs on Canada and Mexico that will start on Tuesday at a rate of 25%.


Trump also confirmed that he had closed negotiations on tariffs, causing investors to worry about the negative impact of the tariffs on the market.


The technology sector was seen as the most affected compared to others, with Nvidia falling 8.7%, Microsoft down 2.1%, Amazon down 3.4% and Broadcom down 6.1%.


Investors will be waiting for earnings reports from several companies, including CrowdStrike, to see the current performance of the companies.

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