U.S. stocks fell Monday as traders looked ahead to “Liberation Day” for clarity on President Donald Trump’s tariff plans.
Investors were in a risk-off mood again early Monday, selling the tech bull market winners like Nvidia, Tesla and Meta.
A slew of tariffs previously announced by the Trump administration will go into effect on Wednesday — what Trump has called “Liberation Day” — including a 25% levy on “all cars that are not made in the United States.” The president is also expected to announce his plan for reciprocal duties aimed at countries that impose tariffs on U.S. imports.
Big Tech stocks sank in morning trading. Nvidia fell 4%, Tesla dropped 5%, Palantir sank 7%.
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