The trader worked on the New York Stock Exchange on February 26, 2025.
NYSE
S&P 500 It fell during a volatile session after President Donald Trump’s declaration that tariffs on Canada and Mexico went as planned and a negative reversal of previous inventory nvidia after revenue.
S&P 500 1.59% closed at 5,861.57. The broad market index remains red for the week and month. Nasdaq Composite It pulled back 2.78%, finishing the day at 18,544.42, with Nvidia’s 8.5% slides below the Tech Heavy Index. Dow Jones Industrial Average Lost 193.62 points (0.45%) to finish at 43,239.50.
With a wide range of market indexes and high-tech NASDAQ is keeping pace with its worst week since September 2024.
In a Truth Social post, Trump announced that the proposed 25% tariffs will come into effect in Mexico and Canada on March 4th after the one-month suspension ends. Trump argued that the two countries are not adequately restraining drug flow across the border. The president also said that China, which already faces 10% tariffs from the US, will face another 10% collection.
“We’re looking forward to seeing you in the future,” said Jay Hatfield, CEO of Infrastructure Capital Advisor.
Nvidia’s stock also declined after the chip giant exceeded its fourth quarter estimates for the upper and lower line. AI Play has also issued strong guidance, reflecting the ongoing demand driven by the artificial intelligence race. However, the company raised questions about whether a quarterly total margin declines and the smallest revenue in two years could win, and whether bull market leaders could continue their momentum.
“Nvidia’s revenues have been outstanding, but they come during a very volatile stock market,” said James Demmert, chief investment officer at Main Street Research.
In addition to Trump’s tariff declaration, the jump in unemployment claims has also stifled sentiment and added concerns about recent economic softening. The unemployment claims came in 242,000 for the week ended February 22nd. That was 22,000 up from last week’s revision level, higher than the Dow Jones estimate of 225,000, according to a Labor Department report, at 225,000.
This lies behind several other recent economic reports, including softer than expected consumer trust readings, disappointing retail sales numbers, and weaker consumer sentiment readings.
Traders are now looking ahead to Friday’s personal consumption expenditure price index. This is the Federal Reserve priority inflation gauge.
With only two trading sessions remaining in February, there is a pace for all three major averages to go low. The broad market index fell almost 3%, while the Dow and Nasdaq fell 2.9% and 5.5% respectively.
