Market Dice: Tariffs and Tumbling Tech

Fresh news and strategies for traders. SPY Trader episode #1058. Hey everyone, it's your pal Buck Diver, and welcome back to Spy Trader! It's 6 am on Monday, March 31st, 2025, Pacific time, and things are looking a little dicey in the market. Buckle up, because we've got a lot to unpack. First, the bad news: Last week was a rough one. All the major indexes – the Dow, S&P, and Nasdaq – all finished in the red on Friday and for the whole week. The Dow dropped 1.7% to 41,583.90, and it's in negative territory for the year. The S&P 500 tumbled 2% to close at 5,580.94. And the Nasdaq? Ouch. It slid 2.7% to 17,322.99 and is officially in correction territory – that's down 10% or more from its recent high. In fact, it's the first time in two years it's fallen that far year to date. To top it off, US stock futures are currently plunging, so it looks like today might be another bumpy ride. So, what's causing all this? Well, there are a few things. President Trump's tariffs are a big worry. Everyone's on edge about potential new tariff announcements this week, especially the rumored 20% acrosstheboard import tax coming Wednesday. Goldman Sachs is even saying these tariffs could boost inflation and slow down economic growth. We also got a