Markets Slump as Tariffs Loom and Tech Stocks Struggle

Investors react to falling manufacturing data and upcoming tariffs, while crypto gains on news of a U.S. strategic reserve.

The ISM Manufacturing PMI declined to 50.3% in February, signaling slowing industrial activity and weaker demand.
New tariffs targeting Canada, Mexico, and China are set to take effect Tuesday, raising concerns about inflation and trade retaliation.
Tech stocks underperformed, with major players like Nvidia, Broadcom, and Amazon seeing losses, while Tesla rebounded 3% after an analyst's optimistic outlook.
Cryptocurrencies, including Bitcoin and Ethereum, surged following President Trump's announcement of a planned 'Crypto Strategic Reserve.'
The 10-year U.S. Treasury yield dropped to 4.2%, reflecting investor caution and potential shifts in economic sentiment.