Traders are working on the New York Stock Exchange on February 03, 2025.
Michael M. Santiago | Getty Images
The S&P 500 did not change much today. This happened after President Trump said new tariffs on Canada and Mexico will start soon. Also, the stock Nvidia went down after its earnings report.
The S&P 500 lost less than 0.1%. It is down for the week and the month. The Nasdaq Composite fell 0.6%. Nvidia’s stock dropped by 2.9%, which affected the Nasdaq.
The Dow Jones Industrial Average went up by 291 points, or 0.6%. This is because of gains in JPMorgan Chase and 3M.
Trump wants to put a 25% tariff on Mexico and Canada starting on March 4. He says these countries need to do more to stop drugs from coming in.
Traders are waiting for more news about the economy and inflation. Jobless claims went up to 242,000 last week, which worries some investors.
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