Here are five key points for investors as they start the trading day:
1. Market Drop: The Dow Jones fell 650 points on Monday after President Trump announced tariffs on Canada and Mexico.
2. Tariff Implementation: Trump’s tariffs on Canada and Mexico begin today, including 25% on imports and an additional 10% on goods from China.
3. Target’s Warning: Target reported strong fourth-quarter results but warned of weak February sales and challenges in the upcoming fiscal quarter.
4. Chip Investment: Taiwan Semiconductor Manufacturing is investing $100 billion in new chip fabrication plants in Arizona, totaling $165 billion in U.S. investments.
5. International Retail Growth: Foreign retailers like Primark, Mango, and Uniqlo are expanding their presence in the U.S., moving beyond just coastal cities.
Source (CNBC)
