Major stock market indices reversed their losses after slumping Monday morning, as traders await U.S. President Donald Trump’s tariff announcement on Wednesday. The S&P 500 dropped to its lowest point since September before climbing 0.4 per cent, while the tech-heavy Nasdaq pared back morning losses to close down 0.14 per cent for the trading day. The Dow Jones Industrial Average closed up 1 per cent, and the S&P/TSX composite closed up 0.67 per cent. (The Logic)
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Major stock market indices reversed their losses after slumping Monday morning, as traders await U.S. President Donald Trump’s tariff announcement on Wednesday. The S&P 500 dropped to its lowest point since September before climbing 0.4 per cent, while the tech-heavy Nasdaq pared back morning losses to close down 0.14 per cent for the trading day. The Dow Jones Industrial Average closed up 1 per cent, and the S&P/TSX composite closed up 0.67 per cent. (The Logic)
Talking point: The Nasdaq and S&P 500 saw their worst quarter since the spring of 2022, unwinding gains since Trump was first elected, when markets optimistically anticipated a more pro-business environment. Now, the potential tariffs starting Wednesday, combined with economic data indicating sluggish consumer spending in the U.S., have played into the S&P’s 5.8 per cent drop over the past month.
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