Stock market today: Dow, S&P 500, Nasdaq wobble as Trump tariffs stalk markets
Published On Mar 3, 2025, 11:29 AM
U.S. stocks experienced mixed results, with the S&P 500 down 0.2% and the Nasdaq Composite falling 0.4%, influenced by concerns over impending tariffs set to be enacted on Canada and Mexico, and weaker-than-expected manufacturing data. Meanwhile, attention is turning towards the upcoming jobs report and retail earnings from major companies like Target and Costco. Tesla's stock rose 2% as analysts predict it could increase significantly due to its strategic pivot towards AI and robotics. Cryptocurrencies surged after Trump announced five digital assets would be included in a new U.S. strategic reserve.
Stock Forecasts
TSLA
Positive
Tesla is showing potential due to analysts' optimism around its new strategic focus, which could drive long-term growth despite short-term challenges in auto deliveries.
SPY
Negative
Concerns over economic slowdown and market volatility place a potentially bearish outlook on the S&P 500 as fundamental growth signals are needed to reverse recent declines.
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