Automakers, beer brewers and nuclear power companies led declines in a broad equity pullback on Monday after the U.S. hit Mexico, Canada and China with sweeping tariffs, stoking worries that an all-out trade war could cripple growth and corporate profits. Investors sold stocks and bought dollars on Monday, as they assessed the risks of a trade war after Donald Trump imposed tariffs on top U.S. trading partners. Executives on earnings calls have said Trump's shifting plans for tariffs could disrupt world trade and prompt some companies to move production to the U.S. The sectors most affected by new tariffs by far are auto and auto parts, which accounted for $129 billion worth of imports from ...

Deutsche Bank has a wake up call for analysts who denied Trump would deliver on tax rhetoric—but UBS is questioning how quickly the White House may retreat.

News of the day for Feb. 3, 2025

Freight transportation and logistics provider Saia (NASDAQ:SAIA) announced better-than-expected revenue in Q4 CY2024, with sales up 5% year on year to $789 million. Its GAAP profit of $2.84 per share was 2.6% above analysts’ consensus estimates.

Electronic security systems manufacturer Napco Security Technologies (NASDAQ:NSSC) missed Wall Street’s revenue expectations in Q4 CY2024, with sales falling 9.7% year on year to $42.93 million. Its GAAP profit of $0.28 per share was 16.7% below analysts’ consensus estimates.

U.S. stock futures are tanking after the Trump administration imposed tariffs on goods from Mexico, Canada, and China that are due to take effect Tuesday.

Trump imposed hefty new tariffs of 25% over the weekend on imports from Mexico and Canada and 10% against China, saying this could cause "short-term" pain for Americans. "These announcements have come as a shock to many investors who expected tariffs would only be imposed if trade negotiations failed," the Wall Street brokerage said in a note dated Feb. 2. Goldman Sachs estimates that every 5-percentage-point increase in the tariff rate would lower the S&P 500's earnings per share by roughly 1% to 2%.

Hedge funds last week jettisoned global stocks and added bets they would decline, said Goldman Sachs, just before U.S. President Trump announced tariffs that sent global markets tumbling.

Investors fled from stocks and rushed to dollars in Monday trading in Europe and Asia, as they scrambled to process the consequences of President Donald Trump putting larger-than-expected tariffs on top U.S. trading partners. In three executive orders, Trump imposed 25% tariffs on Mexican and most Canadian imports and 10% on goods from China, starting on Tuesday. It's not as if investors didn't know that Trump, the self-proclaimed "tariff man", liked the idea of imposing tariffs.

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