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Stock Market Today: Stocks Trim Losses After Trump Tariffs


Published on 2025-02-03 16:41:08 - Kiplinger
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  • Over the weekend, President Donald Trump said the U.S. will levy 25% tariffs on Mexico and Canada and 10% tariffs on China. Stock market losses ranged from 1.4% to 2.5% in early trading Monday.

The article from Kiplinger discusses the stock market's reaction to President Trump's announcement of new tariffs on Mexican imports, intended to pressure Mexico over immigration issues. Initially, the market saw significant declines with the Dow Jones Industrial Average dropping nearly 300 points. However, as the day progressed, stocks managed to pare back some losses, with the Dow closing down by 130 points, or 0.5%. The S&P 500 and Nasdaq also experienced downturns but to a lesser extent. Sectors like automotive, which would be directly affected by the tariffs, saw sharp declines, while sectors like utilities and real estate, considered safer investments, performed better. The market's volatility was attributed to uncertainty about the duration and impact of the tariffs, with investors shifting towards more defensive stocks amid fears of escalating trade tensions.

Read the Full Kiplinger Article at:
[ https://www.kiplinger.com/investing/stocks/stock-market-today-stocks-trim-losses-after-trump-tariffs ]
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