Dow drops 300 points, Nasdaq slides 1% to start March as economic and tariff worries swirl: Live updates

[mahatmakanejeeves]

Updated Mon, Mar 3 20251:27 PM EST

Dow drops 300 points, Nasdaq slides 1% to start March as economic and tariff worries swirl: Live updates
Alex Harring
Yun Li

Stocks retreated on Monday, extending February’s rout as a deadline on President Donald Trump’s tariff policies this week ratcheted up economic concerns.

The Dow Jones Industrial Average dropped 331 points, or 0.8%. The S&P 500 fell 0.9%. The Nasdaq Composite slid 1.4%, weighed down by Nvidia’s slide of more than 7%. All three indexes traded higher earlier in the session, with the Dow at one point up nearly 200 points.

Those moves come after the three major indexes notched losses for February, which concluded last week. The Dow and S&P 500 each slipped more than 1% in February, while the tech-heavy Nasdaq Composite recorded its worst month since April 2024 with a pullback of 4%.

Soft economic data for the manufacturing and construction sectors released Monday offered the latest reasons for worry about the state of the U.S. economy. Those releases kick off a big week for economic data that will be capped by the February jobs report slated for Friday.

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[C_U_L8R]

1. Wall Street ain't betting on Trump

It's pretty clear to everyone that he's an incompetent fool whose main talents are fucking things up and self-fellatio. Invest in that? No thanks.

[OrlandoDem2]

2. The consumer is going to close their wallet. There is no reason to invest in business.

There is too much uncertainty.

I really don’t mind if it crashes and burns under GOP leadership.

[roscoeroscoe]

3. We sure have

Save, save, save. Paying down debt. Period.

Oh, and donate a bit here and there! Slava Ukraine!

[bucolic_frolic]

4. Trump's doing this: Dow -730 NASDAQ -480 /nt