Dow falls 649 points, S&P, Nasdaq slide on tariff fears
1. S&P 500 fell 1.7% amid looming 25% tariffs on Canada and Mexico. 2. Technology stocks like Nvidia and Intel experienced significant losses. 3. Manufacturing data shows contraction, raising concerns about economic slowdown. 4. Federal Reserve's GDPNow forecasts a 2.8% drop for Q1 2025. 5. Consumer confidence sees its largest decline in nearly four years.