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As of 9:38 AM EST, major stock indices showed a downward trend, as the first trading day for February began. Investors are still assessing Trump’s tariff plans on Canada, Mexico and China which will be effective from Tuesday. The news about tariffs has led to a negative momentum in Wall Street causing the major indices to fall on Monday morning.
The S&P 500 stood at 5,954.56 USD, as it marked a 1.42% decline. The tech-heavy NASDAQ 100 Index remained relatively stable at 21,478.05 USD, dipping by 0.14%. Meanwhile, the Dow Jones Industrial Average Index dropped to 44,058.75 USD, falling 1.09% in early trading.
The NASDAQ Composite Index also experienced a slight decline, reaching 19,627.44 USD, which was down by 0.28%. However, the NYSE Composite Index saw the steepest drop among the major indices, falling 1.57% to 19,684.4011 USD.
Disclaimer: This article is for informational purposes only and does not constitute any financial advice.