Stocks tank globally as tit-for-tat tariffs begin

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Stocks tank globally as tit-for-tat tariffs begin: 🚨 “Tariffs” may be the most beautiful word in the dictionary for U.S. President Donald Trump, but it is one that stokes fear in investors. Risk-on assets such as stocks and cryptocurrency sank Monday after Trump refused to pardon Canada and Mexico from a hefty 25% duty on all goods imported from both countries. CNBC reports.

⚡ Tesla’s China-made EV sales drop 29% in early 2025: Tesla's sales of its China-made electric vehicles fell 28.7% in the first two months of 2025 from a year earlier, data showed on Tuesday, as the U.S. automaker faces pressure from Chinese rivals in a relentless smart EV price war. Yahoo Finance reports.

📉 Treasury Yields slip as markets react to new tariffs: The 10-year Treasury yield ticked lower on Tuesday as U.S. President Donald Trump’s tariffs on Canada, Mexico and China went into effect. The benchmark 10-year Treasury yield slipped around 1 basis point to 4.168%, while the 2-year Treasury yield slid over 3 basis points to 3.945% at around 2:54 a.m. ET. CNBC reports.

🛍️ Target reports strong Q4 earnings but flags tariff risks: Target posted solid fourth-quarter profits and sales, signaling resilient consumer demand. However, the retailer cautioned that new tariffs could pressure margins and impact pricing strategies moving forward. Yahoo Finance reports.

🏗️ Foxconn’s AI server plant on track despite tariff headwinds: Foxconn’s planned mega-AI server plant near Guadalajara, Mexico, will complete construction in a year despite the threat of new tariffs from President Donald Trump. Yahoo Finance reports.

💾 TSMC announces $100B U.S. investment to expand domestic chipmaking: Taiwan Semiconductor Manufacturing, the world’s top producer of AI chips, plans to invest an additional $100 billion in US plants that will boost its chip output on American soil and support President Donald Trump’s goal of increasing domestic manufacturing. Yahoo Finance reports.

🔬 Nvidia, Broadcom test Intel’s advanced chip manufacturing process: Chip designers Nvidia and Broadcom are running manufacturing tests with Intel, demonstrating early confidence in the struggling company's advanced production techniques. Reuters reports.

(All pricing and percent gains are based on Early Pre-Market from 4:00 AM to 7:00 AM Eastern Time)
Benzinga reports.

1) $UOKA: MDJM
Total gain: +55.73%

2) $PTIX: Protagenic Therapeutics
Total gain: +48.75%

3) $BTOG: Bit Origin
Total gain: +30.09%

4) $GCL: GCL Global Holdings
Total gain: +28.21%

5) $CDP: COPT Defense Properties
Total gain: +23.6%

Time (ET) / Report / Period

2:20 pm - New York Fed President Williams speaks
TBA - Richmond Fed President Barkin speaks

“Markets tend to return to the mean over time”.

- Bob Farrell

Sourced in: “Market Rules to Remember”, by Bob Farrell, published in 1998.