EUR/SLL Price & Performance (EURSLL)

The stock market faced significant declines as President Trump confirmed new tariffs on Canada and Mexico, set to take effect March 4. The S&P 500 fell 1.59%, while the Nasdaq dropped 2.78%, heavily influenced by Nvidia's 8.5% loss. Rising jobless claims and weak consumer sentiment further dampened investor confidence.12

The Russell 2000 index, a key gauge for small businesses, has dropped over 18% since November, nearing bear market territory. Smaller companies, burdened by tariffs and higher costs, are struggling more than larger counterparts. Analysts suggest the index reflects broader economic concerns beyond tech sector volatility.34

The Russell 2000 is on the brink of a 'death cross,' a bearish technical signal where its 50-day moving average falls below the 200-day average. This pattern suggests potential for a prolonged market downturn, adding to fears as small-cap stocks already grapple with economic and tariff pressures.45