The S&P 500 retreated on Monday, extending February’s rout and turning red for the year after President Donald Trump’s confirmation of forthcoming tariffs ratcheted up economic concerns.
The S&P 500 fell 2.1%, bringing its year-to-date performance to a loss of nearly 1%. The Dow Jones Industrial Average dropped 789 points, or 1.8%. The Nasdaq Composite slid 3%, weighed down by Nvidia’s decline of more than 9%.
All three indexes traded higher earlier in the session, with the Dow at one point up nearly 200 points. Stocks took a notable leg down in afternoon trading following Trump’s reiteration that 25% levies on imports from Mexico and Canada would go into effect on Tuesday, dashing investors’ hopes of a last-minute deal to avert the full tariffs on the two U.S. allies.
Get ready. Conservatives who have boasted the economy doing well when the stock market ever went up are going to start telling you how the stock market isn’t a metric for the true economy
Doesn’t matter. They immediately forgot the 2018 Trump slump, and the covid economic disaster he made worse. Republicans have been continuously proving how terrible they are for the economy for over half a century, and voters won’t take a hint
You’re not wrong but I don’t know why we bother pointing this stuff out anymore. If there’s anyone out there still expecting consistency from conservatives they aren’t paying attention at all, which means they’ll never see any post pointing out the inconsistency.
There’s millions of young people who are just starting to pay attention. We continue to point out the hipocrasy for them. Lest their only point of reference come from the conservatives.
I suppose that’s fair. It still bums me out though.