Dow futures drop 600 points after Trump hits Canada, Mexico and China
Posted: Feb 03, 2025
- Stock futures dropped on Sunday night due to new U.S. tariffs on goods from key trade partners
- Futures for $DJIA fell 1.4%, $SPX dropped 1.9%, $NDX lost 2.4%
- Wall Street may think tariffs won't go into effect on Tuesday
- Dow futures dropped 500 points
- Trump imposed tariffs on Canada, Mexico, and China
- Market reacted negatively
- Potential impact on companies like $AAPL and $NVDA
What do people on Reddit think?
🚨 Reddit sentiment: mixed/negative - The tone of the comments leans towards unease and concern regarding tariffs, and how they might impact markets negatively, while some also hint at potential long-term strategies like holding or buying dips. Summarized comments: - Markets are reacting negatively to the chaos, expecting potential larger drops due to tariffs - Berkshire Hathaway ($BRK) is noted to be holding a large amount of cash - Investors in VOO are considering holding their position or buying during potential dips - Dollar-cost averaging (DCA) is mentioned as a long-term strategy - Some believe tariffs are bluffs while others see them as genuine threats impacting investments - Observers note political effects especially on Canada and potential minor concessions Stock tickers discussed: $VOO, $BRK
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