U.S. stocks tumbled Monday as investors braced for new tariffs 🚨—only to see late negotiations soften the blow. The Dow, S&P 500, and Nasdaq all dipped, with tech stocks taking the biggest hit (down 1.8%!). Meanwhile, safer sectors like utilities saw gains as traders played defense. 💼
Market Rollercoaster 🎢
Tariffs targeting Canada, Mexico, and the Chinese mainland were set to kick in Tuesday—until last-minute talks with Mexico’s president led to a 30-day delay 🌮. Canada also scored a tariff 'pause' after agreeing to renegotiate terms. Markets briefly rebounded on the news, but uncertainty lingered.
What’s Next? 🤔
Analysts say the 'targeted' tariffs might not crush growth immediately, but higher prices could trickle down later this year. 'Services are still driving the economy,' notes Wells Fargo’s Paul Christopher, 'but industries like manufacturing are walking a tightrope 🪂.'
Bottom line? Keep your notifications on—this trade drama’s got more seasons coming. 📱✨
