1604 ET - U.S. stocks fall sharply as President Trump confirms that he would impose a 25% levy on Canadian and Mexican goods. Fresh economic data earlier in the day showed U.S. manufacturers' supply costs jumped in February, as tariff threats raised the specter of higher inflation. Technology shares fell the most with all members of the Magnificent 7 sharply lower and energy shares took a hit as oil dropped on reports that Opec would ramp up production. DJIA drops 649 points, or 1.5%, to 43191, the S&P 500 loses 1.8% to 5849 and the Nasdaq slides 2.6% to 18350. (patrick.sullivan@wsj.com)
(END) Dow Jones Newswires
March 03, 2025 16:04 ET (21:04 GMT)
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