T&G Market Recap: Stock Market Dips 📉 Tariffs and Tech Stocks Lead to Volatility 📈⚠️

Tech, Oil, and Tariffs: March Kicks Off With a Bumpy Start 📉

The stock market opened March with a sharp decline as investors wrestled with the latest tariff announcements from President Donald Trump and growing concerns about the future of economic growth. With Trump’s confirmed tariffs set to take effect on Mexico, Canada, and China, markets faced new pressure as tech stocks and oil prices took a hit. Here’s a breakdown of today’s market action and what’s coming next:

Trump's Tariffs Weigh on the Market 💥

Monday’s trading was marked by a significant sell-off, as President Trump confirmed that tariffs on Mexico, Canada, and China will be implemented starting tomorrow. This news came after a volatile week and a weak February, leading to a major downturn in the markets. The S&P 500 fell 1.7%, posting its worst day of 2025, while the tech-heavy Nasdaq Composite dropped 2.6%. The Dow Jones Industrial Average lost nearly 650 points, or 1.5%.

The announcement fueled growing fears of economic slowdown, especially after weaker-than-expected economic data in recent weeks. With first-quarter growth projections already revised downward, tariffs could push the U.S. economy further into contraction, dampening investor optimism.