Evening Market Recap - Monday, 3-Mar

US equities finished sharply lower in Monday trading, with the Dow Jones, S&P500, and Nasdaq closing down 175bps, 204bps, and 295bps respectively. Risk off day amid the latest bout of Trump 2.0 policy uncertainty, with trade the overhang as tariffs on Canada and Mexico go into effect tomorrow. Headline ISM manufacturing remained in expansion in February but a bit weaker than expected. Construction spending in January unexpectedly declined. Atlanta Fed's latest GDPNow update fell deeper into contraction territory at -2.8%. Nvidia extended its post-earnings selloff with some focus on concerns about harsher export restrictions.