US open: Stocks lower as Trump's tariffs remain firmly in focus
By Iain Gilbert
Date: Monday 31 Mar 2025
(Sharecast News) - Major indices were in the red early on Monday as market participants patiently awaited clarity on Donald Trump's planned tariff measures.
As of 1530 BST, the Dow Jones Industrial Average was down 0.27% at 41,473.50, while the S&P 500 lost 0.98% to 5,526.05 and the Nasdaq Composite came out the gate 2.09% weaker at 16,960.98.
The Dow opened 110.40 points lower on the final day of both March and Q1, extending losses recorded in the previous session as traders braced for Trump's new 25% auto levy to come into effect on Wednesday, which he has branded "Liberation Day".
Trump did little to quell fears over the weekend, with the US president reportedly pushing his advisors to be even more aggressive with their tariff plans, according to the Wall Street Journal. Trump also said he "couldn't care less" if foreign automakers raised prices as a result of his new tariffs.
He also stated the levies would take aim at all countries, as opposed to just the 10-15 countries that have a trade imbalance with the US, and vowed that tariffs would remain in place for the entirety of his second term
On the macro front, the Chicago Federal Reserve's March purchasing managers' index rose to 47.6 in March, up from 45.5 in February and better than the 45.2 reading expected on the Street.
Elsewhere, the Dallas Fed's manufacturing business index decreased to -16.3 in March, down from 8.3 in February.
No major corporate earnings were slated for release on Monday.
Reporting by Iain Gilbert at Sharecast.com
Dow Jones - Risers
Coca-Cola Co. (KO) $71.51 1.62%
International Business Machines Corporation (CDI) (IBM) $247.72 1.52%
Verizon Communications Inc. (VZ) $45.53 1.32%
Chevron Corp. (CVX) $168.10 1.21%
Walmart Inc. (WMT) $86.16 1.19%
Johnson & Johnson (JNJ) $165.21 0.92%
Unitedhealth Group Inc. (UNH) $520.57 0.88%
Home Depot Inc. (HD) $361.29 0.88%
Amgen Inc. (AMGN) $309.36 0.79%
Procter & Gamble Co. (PG) $169.23 0.71%
Dow Jones - Fallers
Microsoft Corp. (MSFT) $369.03 -2.58%
Salesforce.Com Inc. (CRM) $262.81 -2.48%
Boeing Co. (BA) $169.76 -2.19%
Goldman Sachs Group Inc. (GS) $533.68 -1.74%
Intel Corp. (INTC) $22.32 -1.72%
Walt Disney Co. (DIS) $96.49 -1.60%
Caterpillar Inc. (CAT) $325.14 -1.30%
American Express Co. (AXP) $262.14 -1.22%
JP Morgan Chase & Co. (JPM) $239.90 -1.20%
Visa Inc. (V) $339.12 -1.18%
S&P 500 - Risers
Discover Financial Services (DFS) $165.60 4.33%
American International Group Inc. (AIG) $85.84 2.65%
J. M. Smucker Co. (SJM) $119.04 2.34%
Tyson Foods Inc. (TSN) $63.81 2.32%
ConocoPhillips (COP) $104.60 2.18%
General Mills Inc. (GIS) $60.31 2.03%
Diamondback Energy Inc. (FANG) $160.70 2.02%
Altria Group Inc. (MO) $59.33 2.02%
Bristol-Myers Squibb (BMY) $61.22 2.00%
Interpublic Group of Companies Inc. (IPG) $26.82 2.00%
S&P 500 - Fallers
Nektar Therapeutics (NKTR) $0.67 -8.97%
United Airlines Holdings Inc (UAL) $65.30 -7.02%
Nvidia Corp. (NVDA) $104.10 -5.08%
Delta Airlines Inc. (DAL) $41.79 -4.67%
Broadcom Inc. (AVGO) $161.46 -4.53%
Alaska Air Group Inc. (ALK) $48.09 -4.45%
American Airlines Group (AAL) $10.16 -4.21%
IQVIA Holdings Inc. (IQV) $169.95 -4.19%
Micron Technology Inc. (MU) $84.82 -4.10%
MGM Resorts International (MGM) $29.13 -4.05%
Nasdaq 100 - Risers
O'Reilly Automotive Inc. (ORLY) $1,433.52 1.77%
NetEase Inc. Ads (NTES) $102.29 1.56%
Kraft Heinz Co. (KHC) $30.56 1.06%
Verisk Analytics Inc. (VRSK) $297.65 1.04%
Amgen Inc. (AMGN) $310.10 1.02%
Paychex Inc. (PAYX) $152.36 0.88%
Dollar Tree Inc (DLTR) $73.37 0.85%
Monster Beverage Corp (MNST) $58.35 0.85%
Fastenal Co. (FAST) $76.76 0.77%
T-Mobile Us, Inc. (TMUS) $266.55 0.61%
Nasdaq 100 - Fallers
Tesla Inc (TSLA) $246.95 -6.30%
Mercadolibre Inc. (MELI) $1,935.88 -5.48%
Nvidia Corp. (NVDA) $104.10 -5.08%
American Airlines Group (AAL) $10.16 -5.00%
Broadcom Inc. (AVGO) $161.46 -4.53%
Micron Technology Inc. (MU) $84.82 -4.10%
Amazon.Com Inc. (AMZN) $185.39 -3.80%
Take-Two Interactive Software Inc. (TTWO) $203.01 -3.54%
Workday, Inc. (WDAY) $230.06 -3.53%
Western Digital Corp. (WDC) $39.29 -3.26%
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