Nasdaq, S&P 500, Dow sink ahead of US tariffs on Canada, Mexico

Trump says tariffs on Canada, Mexico will go forward on Tuesday

Mon, Mar 3, 2025, 2:07 PM

US stocks (^DJI, ^IXIC, ^GSPC) sink even lower on Monday — the first trading day of March — as the Nasdaq Composite sank by over 2.6% in the session as Wall Street braces for President Trump's 25% tariffs on Canada and Mexico to take effect overnight. The Dow Jones Industrial Average also plummeted by nearly 650 points.

Market Domination Overtime's Julie Hyman and Yahoo Finance markets and data editor Jared Blikre take a look back on the day's market action.

To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here.

This post was written by Luke Carberry Mogan.