Markets Sink Monday Morning

Alexangel Ventura
Feb 3
1 min read

Stocks all across the board fell significantly Monday morning during pre-hours.

All major index futures fell by at least 1.5%, with the Russell 2000 leading the way with a 2.4% decline. Nvidia also fell significantly, with a drop to $112 per share.

Additionally, the value of the USD increased against the Canadian dollar and the Mexican peso. The value of gold also marginally went up. Even prices of crude oil went up per barrel.

Markets reacted strongly this morning to the Trump tariffs enacted this weekend. Investors have feared the rise of inflation, as well as the igniting of a devastating trade war which could lead to consumers paying the ultimate price.

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