Good afternoon.
Markets slide to start March, Bitcoin falls below $85,000, and the S&P 500 erases all of its 2025 gains.
Let's dive in.
Markets
Here are today's market moves:
What's Happening
Stocks fell on the first trading day of March.
The S&P 500 tumbled 1.76%, its worst day of 2025:
President Trump said that 25% tariffs on Canada and Mexico will begin tomorrow.
Bitcoin fell 8%, dropping below $85k, despite news of a U.S. strategic crypto reserve.
Catch Up
The S&P 500 is down 0.5% in 2025. The Nasdaq is down 5%.
Wall Street's fear gauge hits its highest level since December.
Nvidia fell 8.7% today, erasing $250 billion in market cap.
What Else?
Quote
"What we learn from history is that people don't learn from history."
— Warren Buffett