Trump tariffs of 50% are set to hit Canadian steel and aluminum imports, President Trump said, and that's just the start. The post Trump Orders 50% Steel Tariffs, Threatens Canada With All-Out Trade War; S&P 500 Slides appeared first on Investor's Business Daily.
The report exceeded analyst expectations and showed that job market remained in decent shape.
As of Monday's close, 366 S&P 500 components or 73% were trading 10% or more below their respective 52-week highs.
President Donald Trump has made good on his promises from the campaign trail and issued sweeping tariffs that have now escalated into a full-blown trade war. The Trump administration issued 25% tariffs on Mexico and Canada, and tariffs on China have increased from 10% to 20%.
Stocks opened with a more than 1% drop on Monday for the third time since President Donald Trump's Jan. 20 inauguration.
Get a jump start on the US trading day with "Bloomberg Open Interest". Matt Miller, Katie Greifeld and Sonali Basak take you to Wall Street to Main Street, to the C-Suite and beyond.
Analysts from JPMorgan and RBC Capital Markets are starting to temper their bullish calls for 2025 as President Donald Trump's tariffs ignite fears of slowing economic growth. -------- More on Bloomberg Television and Markets Like this video?
Barron's markets editor Ben Levisohn unpacks the market sell-off on 'Barron's Roundtable.'
The S&P 500 dropped 3.1% this week, its largest weekly decline since September. The index is now 6.09% below its record close from February 19th, 2025 and is down 1.68% year to date.
The stock market is driven by algorithmic trading and indexed investing, particularly ETFs like IVV, which can mislead investors about market stability. S&P 500 indexing is risky; it replaces due diligence and leaves investors vulnerable to significant market downturns, as seen in past crises. IVV's low expense ratio and historical returns are attractive, but its high concentration in a few stocks and declining yield make it less appealing.
Coinbase, AppLovin and Block are among companies that meet the criteria for S&P 500 inclusion.
Investors should be looking at credit for stronger returns over the next decade, says billionaire investor Howard Marks.