T&G Market Recap: Dow Tanks, Nasdaq Flips Positive as Trump Tariffs Take Effect and Trade War Escalates 📉🔥

As Trump's tariffs hit, fears of a full-blown trade war surface, sending markets on a rollercoaster ride. Here's what you need to know about the latest market moves 📉📈.

The first trading day of March was one for the books as tariffs and trade wars shook the market to its core. Let's break down what happened, what to expect next, and how Trump's tariff strategy is creating ripples across the economy. 🏛️💥

The Tariff Storm Hits 🌩️

Markets were on edge as new tariffs officially went into effect at midnight ET, and the reaction was swift. The Dow Jones dropped around 1.55%, while the S&P 500 slid 1.19%. But there was a surprise move from the Nasdaq, which was the lone winner, flipping to +0.6% after the morning sell-off. 🌟 The tariff package hit Canada, Mexico, and China, with 25% duties on imports from Canada and Mexico, and a 20% tax on goods from China (doubling the previous levy).

The tariff war fears have been a major factor in global market anxiety, and today's sell-off proves how sensitive investors are to any new escalations. 📉 The markets had a rough time shaking off the initial shock, but the Nasdaq at least found its footing.