US stocks end in red, Nasdaq falls into correction

US stock indices closed lower on Thursday, March 6, despite Donald Trump’s decision on exempting certain Canadian and Mexican goods from the new tariffs until next month.

The Dow Jones Industrial Average dropped 1%, or 427 points, to 42,579 points.

Similarly, the S&P 500 Index dropped 1.80%, or 104 points, to 5,738 points. The Nasdaq Composite plunged around 2.60%, or 483 points, to 18,069 points, falling into correction.

As for the European indices, the STOXX Europe 600 was steady at 555.9 points.

The FTSE 100 inched down 0.85% to 8,682 points. The DAX 40 jumped 1.45% to 23,419 points, with the CAC 40 advancing 0.3% to 8,197 points.

In Japan, the Nikkei 225 added 0.75% to 37,704 points. TOPIX added 1.20% to 2,751 points.

On oil, Brent crude futures for May delivery rose by 0.20%, 16 cents, to $69.46 a barrel at the close.

Meanwhile, US WTI crude futures for April delivery increased by 0.1%, 5 cents, to $66.36 a barrel.

As for gold, April futures contracts remained stable at $2,926.6 per ounce, after rising for the past three sessions.

On March 6, US President Donald Trump issued a decision to suspend the new 25% tariffs on goods covered under the North American Free Trade Agreement (NAFTA) until April 2.

Investors are closely monitoring the U.S. government jobs report, set to be released on Friday, with expectations of 160,000 new jobs added in February, as they assess the future path of interest rates.