Dow, S&P 500, Nasdaq slide as Trump tariffs stalk markets

Yahoo Finance's Laura Bratton reports:

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A series of economic data is weaker than expected to slide forecast for economic growth in the first quarter.

On Monday, two separate editions showed an activity in the manufacturing sector that slowed in February, while the construction spending fell more than expected in January. Atlanta in the federal reserve GDPNOW tool,, Which is already used data in the quarter to drop the pace of American economic growth, now the GDP has now decreased by 2.8 % in the first quarter, decreasing from the dropping of Friday by 1.5 %.

The economists in Oxford also reduced the economy with gross domestic product estimates after this morning.

“The special construction numbers in January, our estimation of the G1 G1 to 0.6 % annually, reduced 1 % at the end of last week, and much less than 2.5 % in the basic expectations in February”, Economist in Oxford Bernard Yarros wrote on Monday.

Tesla 2 % rose on Monday, when Morgan Stanley analyst Adam Jonas said he sees the shares of EV GIANT, which rises to $ 430, as it diversified artificial intelligence and robots.

The shares of EV Maker fell approximately 28 % in February, when EV sales fell to the company, leaving investors to wonder whether the participation of ELON Musk CEO in politics has stopped buyers.

Jonas expected that the 2025 Tesla delivery may decrease throughout the year, “creating an attractive entry point” for investors. Analyst Tesla re -select a higher car sector, with a price of $ 430 (an increase of 50 % over the end of Friday of $ 292.98) and a bull condition of $ 800.

He added: “The delivery of the most soft cars from Tesla is a symbol of a company in the transition from” pure playing “cars to a very diverse play on artificial intelligence and robots.

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The coding shares increased in early trading on Monday after President Donald Trump has made new promises about an American encoding reserve planned by his administration.

in Published on the social truth on SundayTrump has selected five encrypted currencies that will depend on the backup-bitcoin, Ether (ETH-UsD), XRP (XRP-UsD), Solana (Sol-Usd), and Cardano (Ada-Usd). In January, Trump I issued an executive order to create a “stockpile” national encryption But the covered digital assets were not named.

Strategy shares (MSTR) – the largest carrier of companies in Bitcoin, previously known as Microstrategy – increased to 12 % on Monday morning, but it exceeded the last about 3 %. Meanwhile, RIOT and Mara Holdings (Mara), which were previously known as Maathon Digital, both added about 3 %. Coinbase (Coin) increased by 1.5 %.

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Ben Werkeshkol reports from Yahoo Finance:

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Data outside the Monday showed less manufacturing activity than expected in February, while costs increased.

Supply Management Institute PMI manufacturing The reading of 50.3 in February recorded a decrease from 50.9 in January (January) expected by 50.7 economists. Readings above 50 of this index indicate an expansion of activity, while readings of less than 50 indicate a shrinkage.

The paid price index rose to 62.4, up from 54.9 the previous month, reflecting the costs of costs.

“The demand decreased, production stabilized, and continued to feed, as the committee members are facing the first operational shock to the customs tariff policy of the new administration,” said the head of the Institute of Supply Administration, Timothy Fior, in the edition. “Price growth is accelerated due to the customs tariff, which caused the accumulation of the new demand, and the delivery of suppliers and the effects of manufacturing stocks stopped. Although the customs tariff does not come into effect until mid -March, the prices of instant commodities have already increased by about 20 percent.”

Another reading about the Monday's manufacturing activity has also worried about President Trump's policies. The final reading of the Director of the S& P Global Manufacturing Index was 52.7 in February, above 51.2 in January and its highest levels since June 2022.

Although the optimistic index of the month of February, Chris Williamson, the chief economist in the field of intelligence in the global market, indicated that the optimism of the respondents for the next year fades.

“Optimism about business around the coming year has decreased compared to the clear mood in January, as February witnessed an increase in the number of companies indicating concerns about the definitions and other policies provided by the new Trump administration,” Williamson said in the statement.

The stocks opened on Monday, when investors prepared to enter the targeted tariffs soon. The market will receive a major economic vision from Friday's publication to report the monthly jobs and the quarterly results of the main retailers.

S&P 500 (^Gspc) increased 0.5 %. While the nasdaq technology compound (^IXIC) increased by 0.8 %. The Dow Jones Industrial Index (^DJI) increased by 0.3 %.

Investors expect to implement the customs tariffs on Mexico and Canada on Tuesday, as well as doubling the fees on imports from China.

Wall Street will closely monitor the February Service Opportunities report scheduled for Friday. On the profit front, TARGET (TGT), Costco (Costco) and Krger (KR) results will provide more details about the consumer condition.