US Stocks Extend Selloff as Trump Raises Tariffs on Canada Metals

This is a ‘headline driven market,’ says one market analyst.

Traders work on the floor of the New York Stock Exchange in New York City, on March 7, 2025. Spencer Platt/Getty Images

The U.S. stock market extended its selloff on March 11 after President Donald Trump hit Canada with more tariffs.

After trading in positive territory at the opening bell, the blue-chip Dow Jones Industrial Average plummeted more than 500 points, or 1.2 percent. The Dow Jones is down close to 3 percent this year.