MW 20 stocks leading the stock-market plunge on Monday as Trump brings down the tariff hammer
By Philip van Doorn
Among the S&P 500, 91% of stocks showed early declines following President Trump's announcements of tariffs against Canada, Mexico and China
Investors don't like tariffs. The S&P 500 was down 1.9% in morning trading Monday, and 91% of its component stocks were down, after President Donald Trump announced 25% tariffs on imports from Mexico and Canada and an additional 10% in tariffs on imported goods from China.
Trump said later Monday morning that tariffs on Mexico were being paused for a month.
Click here for ongoing live coverage of market events and announcements from Washington, D.C.
Related coverage:
-- Here are all the ways Trump's tariffs could hit stocks, according to Goldman Sachs
-- JPMorgan says Trump administration may be 'business unfriendly'
-- These are the companies that can withstand extreme tariff strain, says Morgan Stanley's Mike Wilson
-- Here are the automakers hit hardest by the tariffs on Mexico and Canada
As of 10 a.m. Eastern time, 91% of stocks in the S&P 500 SPX were showing declines for the trading session. Twelve of the stocks were down 5% or more.
Before we list the trading session's early losers and winners, here's a chart showing how the 11 sectors of the S&P 500 were performing early Monday:
Sector or index Feb. 3 price change 2025 price change 2024 price change
Information Technology -2.9% -5.8% 35.7%
Consumer Discretionary -2.9% 1.3% 29.1%
Industrials -1.9% 3.0% 15.6%
Financials -1.7% 4.6% 28.4%
Materials -1.7% 3.8% -1.8%
Real Estate -1.3% 0.4% 1.7%
Utilities -0.9% 1.9% 19.6%
Communication Services -0.9% 8.0% 38.9%
Energy -0.5% 1.5% 2.3%
Consumer Staples -0.2% 1.7% 12.0%
Healthcare -0.2% 6.4% 0.9%
S&P 500 -1.9% 0.8% 23.3%
Source: FactSet
These 20 stocks in the S&P 500 showed the largest declines for the trading session on Monday at 10 a.m. ET:
Company Ticker Feb. 3 price change 2025 price change 2024 price change Aptiv PLC APTV -8.2% -5.2% -33% Super Micro Computer Inc. SMCI -7.8% -13.7% 7% FedEx Corp. FDX -6.7% -12.2% 11% Moderna Inc. MRNA -5.8% -10.7% -58% Mosaic Co. MOS -5.7% 7.0% -31% Tesla Inc. TSLA -5.6% -5.4% 63% Celanese Corp. CE -5.4% -2.9% -55% Dow Inc. DOW -5.4% -7.9% -27% Baxter International Inc. BAX -5.3% 5.7% -25% BorgWarner Inc. BWA -5.3% -5.0% -11% Stanley Black & Decker Inc. SWK -5.2% 4.0% -18% Franklin Resources Inc. BEN -5.1% 4.0% -32% General Motors Co. GM -5.0% -11.8% 48% $Citigroup Inc(C-N)$. C -4.9% 10.0% 37% Dollar Tree Inc. DLTR -4.9% -7.0% -47% Teradyne Inc. TER -4.8% -12.5% 16% FMC Corp. FMC -4.8% 9.2% -23% Microchip Technology Inc. MCHP -4.8% -9.8% -36% Best Buy Co. BBY -4.7% -4.6% 10% Synchrony Financial SYF -4.6% 1.2% 70% Source: FactSet
Click the tickers for more about each company, including news coverage, price ratios, charts, financials and technical information.
Read: Tomi Kilgore's guide to the wealth of information available for free on the MarketWatch quote page.
Here are the 10 stocks in the S&P 500 showing the largest gains Monday morning:
Company Ticker Feb. 3 price change 2025 price change 2024 price change Idexx Laboratories Inc. IDXX 11.2% 13.5% -26% Molina Healthcare Inc. MOH 2.6% 9.4% -19% AbbVie Inc. ABBV 2.4% 6.0% 15% Kroger Co. KR 2.4% 3.2% 34% Weyerhaeuser Co. WY 2.3% 11.3% -19% EQT Corp. EQT 1.9% 12.9% 19% Cboe Global Markets Inc CBOE 1.8% 6.5% 9% AT&T Inc. T 1.5% 5.8% 36% Waste Management Inc. WM 1.4% 10.7% 13% CME Group Inc. Class A CME 1.4% 3.3% 10% Source: FactSet
Shares of Idexx Laboratories were up 11% after the company announced a 6% increase in fourth-quarter revenue from the year-earlier quarter and a 13% increase in earnings per share.
Don't miss: Here are January's best and worst stocks - and what may lie ahead for them
-Philip van Doorn
This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.
(END) Dow Jones Newswires
February 03, 2025 11:08 ET (16:08 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.