Monday 03/Mar/2025 – 09:30 PM
American stocks reflected their path to retreat during the two trading of Monday, with data evaluation indicating the slowdown of manufacturing activity in the United States, as well as the proximity of the date for the imposition of customs duties on Mexican and Canadian imports.
The Dow Jones Industrial Index decreased by 0.95% or 415 points to 43425 points, and the S & B 500 index decreased by 0.9% or 55 points to 5899 points, and the Nasdaq complex fell by 1.4% or 265 points to 18581 points.
The data of the Supply Management Institute issued today showed that the Industrial Procurement Manager Index in the United States decreased to 50.3 points in February, from 50.9 in January, with a secondary index of employment shrinkage for the first time in eight months.
This data added a state of ambiguity on the prospects for the growth of the American economy, with the date of the entry of customs tariffs by 25% against Canadian and Mexican goods into effect, as well as the strain of the relationship between Washington and Kiev, which reduced the appetite of investors towards risk.
