DJF/EUR Price & Performance (DJFEUR)

The U.S. stock market experienced significant turbulence following the enactment of new tariffs targeting Canada, Mexico, and China. The Dow Jones Industrial Average fell 650 points, while the S&P 500 erased its post-election gains. Analysts are concerned about the economic impact, with fears of slowed growth and rising inflation.12

Energy stocks outperformed as broader markets faced challenges. The S&P 500 and Nasdaq ended a four-week losing streak, buoyed by investor interest in sectors offering strong cash flow. Meanwhile, technology and consumer discretionary sectors continued to lag, reflecting caution amid ongoing tariff and economic concerns.34

Shares of FedEx and Nike dropped sharply after both companies issued disappointing forecasts, citing tariff-related pressures and declining consumer confidence. The S&P 500, already in correction territory, remains volatile as businesses and investors brace for further economic uncertainty.25