Dow Jones Takes a Nosedive: Lost 8% Since the Feb High
Yesterday’s swing saw the Dow closing down 0.94%, bringing it a full nearly 8% from the highs in early February. The decline is not just a scroll‑by‑scroll fluke—it’s a bruised ticker driven by familiar suspects.
Tariff Circus: Trump’s New Escapade
President Donald Trump has once again turned tariffs into the game he thought he’d mastered. With import duties on steel and aluminum from Canada set at 50% starting March 12, the market felt the rattles. This shockwave follows Toronto’s 25% tariff on U.S. electricity exports, spiking prices for roughly 1.5 million Americans. And that’s not all—Trump’s call for Canada to drop tariffs “against American farmers” came with a warning: if the nation won’t lift other “unfair” restrictions, he’ll hike auto import tariffs again on April 2.
Those moves spiral trade tensions between the U.S., Canada, and, of course, China in a tight loop that’s leaving investors grumbling and paving the way for more market friction.
Geopolitics Keeps the Pulse Racing
While the toll on the Dow continues to grow, the global stage is still a doozy. The Trump envoy’s upcoming Moscow trip to chat with Vladimir Putin follows a high‑level U.S.–Ukrainian sit‑down in Saudi Arabia. The stay‑away promises from President Biden’s last White House call pressed optimism, but now the crowd is a little more cautious, waiting for concrete results before ruffling their feet.
Meanwhile, the spine‑tingling nuclear arms dilemma keeps rising on investors’ radars as they keep an eye on any new developments.
U.S. Job Openings – A Trivia Surprise
The January JOLTS report flicked a brighter light on the labor market, but the boom mostly came from part‑time gigs and people juggling multiple jobs. The Fed’s policy playbook isn’t shaken yet, keeping the economic risk at mild heat.
Inflation Data – The Big Decision Maker
All eyes now shift to today’s inflation numbers. If the numbers surprise—either too hot or too cool—that could be the real kicker steering Fed decisions and, in turn, what the Dow will do next.
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