Tesla rebounds, when tariffs weigh on manufacturing: What is driving the market on Monday? -SPDR S&P 500 (ARCA: SPY)

Stocks fell sharply on Monday, beginning in March, with all three major index REDs trading at noon. Investors digested the decline in the ISM manufacturing PMI data for February, which dropped to 50.3%, down from 50.9% in January.

Total demand weakened in February, new orders and employment contracts and production growth plummeted. According to trade economics, the impact of the new tariffs has increased prices at the fastest pace since June 2022. It will also take effect on Tuesday, thereby curbing investor sentiment.

Read the next article: Unemployed people claim to wait for home sales to collapse to record lows: Wall Street reaction

Technology is the worst performer on Monday, leader Broadcom Inc. avgo and Amazon.com, Inc. Amzn. this SPDR Select Department Technology Fund XLK The technology-heavy Nasdaq 100 fell 0.5%.

The yield on U.S. 10-year bonds fell to 4.2% on Monday, down $3.5 billion in the past nine meetings. this iShares Fiscal Bond ETFs over 20 years It fell by 0.16%.

Bitcoin BTC/USD Other cryptocurrencies have also been reduced after the rally on Sunday after President Trump announced the creation of a strategic reserve Ethereum ETH/USD and other popular cryptocurrencies.

Monday’s performance in the US Major Index

According to Benzinga Pro data:

• this SPDR S&P 500 ETF Trust spy Sliding 0.15% to $593.29.
• this SPDR Dow Jones Industrial Average diameter 0.16% down to $437.68.
• high tech Invesco QQQ Trust Series QQQ Up 0.03% to $508.33.
• this Ishares Russell 2000 ETF IWM Easy 0.43% to $213.73.
• this Consumer Free Choice Department SPDR Fund XLY Up 0.16% to $216.30.
• this Energy Selection Department SPDR Fund XLE Less than 0.63% to $90.43.

Monday’s stock move:

Shares Tesla Inc TSLA A Morgan Stanley analyst climbed 3% after predicting a defeated stock rebound. Tesla’s stock has dropped by more than 20% over the past month.

Stocks that respond to company earnings reports include:

• Sunni Energy International Nova
• Cabin 8 Corp. cabin
• Fortrea Holdings Inc. ftre
• Burford Capital Co., Ltd. Bo
• N-Able, Inc. nabl
• Cassava Science Company Sawa
• Immunitybio, Inc. ibrx
• Ready Capital Corp. RC
• Biohaven Ltd. BHVN

Companies reported after Monday ends include:

• B. Riley Financial, Inc.Rily
• Okta, Inc. Okta
• Nuscale Power Corp. SMR
• Gitlab Inc. GTLB
• Curaleaf Hldgs Inc. curls
• Dave Company Dave
• Emerging Biosolutions Company EBS
• AST Spacemobile, Inc. asts
• Concentra Group Holdings Parent, Inc. fraud

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