Danny Lewis

Here's your closing bell brief for Tuesday, March 4th. I'm Danny Lewis for The Wall Street Journal. US-Stocks fell after President Trump's 25% tariffs on goods from Mexico and Canada took effect this morning. The Dow Jones Industrial Average lost 670 points to close at 42,521. The S&P 500 fell more than 72 points and the Nasdaq gave up 65 points.

Here's your closing bell brief for Tuesday, March 4th. I'm Danny Lewis for The Wall Street Journal. US-Stocks fell after President Trump's 25% tariffs on goods from Mexico and Canada took effect this morning. The Dow Jones Industrial Average lost 670 points to close at 42,521. The S&P 500 fell more than 72 points and the Nasdaq gave up 65 points.

In response to Trump's new tariffs, Canada said it would impose 25% tariffs on about $100 billion of imported U.S. goods in two waves. The first would target $20 billion of goods, including alcohol, clothing and household appliances, that are made in Republican-leaning states. A second batch of tariffs, targeting around $90 billion of goods, would emerge in about three weeks.

In response to Trump's new tariffs, Canada said it would impose 25% tariffs on about $100 billion of imported U.S. goods in two waves. The first would target $20 billion of goods, including alcohol, clothing and household appliances, that are made in Republican-leaning states. A second batch of tariffs, targeting around $90 billion of goods, would emerge in about three weeks.

Meanwhile, Mexico's president said she will announce retaliatory measures on Sunday. Trump also imposed an extra 10% tariff on Chinese imports overnight. China responded with its own new tariffs on agricultural goods like chicken, wheat, corn and cotton. The country also filed a lawsuit against the new tariffs with the World Trade Organization.

Meanwhile, Mexico's president said she will announce retaliatory measures on Sunday. Trump also imposed an extra 10% tariff on Chinese imports overnight. China responded with its own new tariffs on agricultural goods like chicken, wheat, corn and cotton. The country also filed a lawsuit against the new tariffs with the World Trade Organization.

Individual companies seen as more exposed to tariffs fell more sharply, like General Motors, which lost 4.6%, Tesla, which fell 4.5%, and Best Buy, which dropped 13.3%. Bank stocks also slid, with investors worried about tariffs putting a damper on economic growth. Shares of Citigroup lost 6.25%, Bank of America fell 6.3%, and Wells Fargo dropped 4.8%.

Individual companies seen as more exposed to tariffs fell more sharply, like General Motors, which lost 4.6%, Tesla, which fell 4.5%, and Best Buy, which dropped 13.3%. Bank stocks also slid, with investors worried about tariffs putting a damper on economic growth. Shares of Citigroup lost 6.25%, Bank of America fell 6.3%, and Wells Fargo dropped 4.8%.

We'll have a lot more coverage of the day's news on the WSJ's What's News Podcast. You can add it to your playlist on your smart speaker or listen and subscribe wherever you get your podcasts.

We'll have a lot more coverage of the day's news on the WSJ's What's News Podcast. You can add it to your playlist on your smart speaker or listen and subscribe wherever you get your podcasts.

Here's your Closing Bell Brief for Monday, March 3rd. I'm Danny Lewis for The Wall Street Journal. U.S. stocks tumbled after President Trump confirmed that he would impose 25% tariffs on imports from Canada and Mexico. The Dow Jones Industrial Average fell 650 points to close at 43,191. The S&P 500 lost 105 points, and the Nasdaq gave up 497 points.

Here's your Closing Bell Brief for Monday, March 3rd. I'm Danny Lewis for The Wall Street Journal. U.S. stocks tumbled after President Trump confirmed that he would impose 25% tariffs on imports from Canada and Mexico. The Dow Jones Industrial Average fell 650 points to close at 43,191. The S&P 500 lost 105 points, and the Nasdaq gave up 497 points.

The tariffs on Canada and Mexico are slated to start tomorrow. Trump dashed investors' hopes for a last-minute reprieve hours ahead of the deadline, telling reporters that there was, quote, no room left for negotiations.

The tariffs on Canada and Mexico are slated to start tomorrow. Trump dashed investors' hopes for a last-minute reprieve hours ahead of the deadline, telling reporters that there was, quote, no room left for negotiations.

Trump has said he also plans to increase import taxes on goods from China by another 10 percent, on top of the 10 percent duties he imposed in February and other tariffs already in place. Meanwhile, new data released this morning showed supply costs for U.S. manufacturers jumped last month as Trump's tariff threats raised the specter of higher inflation.

Trump has said he also plans to increase import taxes on goods from China by another 10 percent, on top of the 10 percent duties he imposed in February and other tariffs already in place. Meanwhile, new data released this morning showed supply costs for U.S. manufacturers jumped last month as Trump's tariff threats raised the specter of higher inflation.

The Institute for Supply Management says the Purchasing Managers Index ticked down more than expected from 50.9 in January to 50.3, but it remained above the 50-point mark, which separates growth from contraction. And investors looking for a haven amid uncertain markets rushed to put money in metals. Gold futures rose 1.9%, silver gained 2.6%, and copper added 1.4%.

The Institute for Supply Management says the Purchasing Managers Index ticked down more than expected from 50.9 in January to 50.3, but it remained above the 50-point mark, which separates growth from contraction. And investors looking for a haven amid uncertain markets rushed to put money in metals. Gold futures rose 1.9%, silver gained 2.6%, and copper added 1.4%.

Also, shares of supermarket chain Kroger fell 3% after its CEO resigned following a board investigation into his personal conduct. The company said Rodney McMullen's conduct was not related to its business, but was inconsistent with its ethics policy. McMullen couldn't be reached for comment. We'll have a lot more coverage of the day's news on the WSJ's What's News podcast.

Also, shares of supermarket chain Kroger fell 3% after its CEO resigned following a board investigation into his personal conduct. The company said Rodney McMullen's conduct was not related to its business, but was inconsistent with its ethics policy. McMullen couldn't be reached for comment. We'll have a lot more coverage of the day's news on the WSJ's What's News podcast.