Global trade tensions, tariffs impact stocks negatively, tech, banks, energy down, trade war concerns persist.

From Nasdaq: 2025-03-04 11:52:00

Stock indexes saw a decline today, with the S&P 500, Dow Jones, and Nasdaq 100 all down. Concerns over global trade tensions persist as US tariffs on Canadian, Mexican, and Chinese goods take effect. Markets await President Trump’s address and key economic data this week.

Canada retaliated with tariffs on US products, while China imposed tariffs on US agricultural goods. President Trump’s address and key economic data this week will be closely watched. European bond yields are falling, and the Eurozone unemployment rate remains stable at 6.2%.

US tech stocks like Meta Platforms and Amazon are down, with Tesla reporting a sharp drop in China deliveries. Bank stocks are under pressure, and energy companies like APA Corp and Halliburton are also down. Best Buy forecasts lower EPS, while Illumina faces restrictions in China.

Okta reports strong revenue, Walgreens Boots may be acquired, and ON Holding beats expectations on gross margin. Labcorp Holdings sees an upgrade from Citigroup. Earnings reports today include AutoZone, Best Buy, Crowdstrike Holdings, Ross Stores, and Target. Market updates and insights from Barchart.



Read more at Nasdaq: Escalating Global Trade Tensions Weigh on Stocks