US equity indexes fall, Dow leads losses, off &gt;1%
Dec Factory orders -0.7% vs -0.6% estimate
Euro STOXX 600 index off ~0.2%
Dollar rallies; crude up ~1%; gold up &gt;1%; bitcoin down &gt;2%
US 10-Year Treasury yield falls to ~4.05% Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at
<h3>DESPITE THE SNOW, TARIFF ANXIETY TURNS WALL STREET RED</h3>
While Wall Street and surrounding areas battled a whiteout blizzard on Monday, its main indexes turned red as tariff uncertainty came back to the forefront of investors’ minds and they appeared to regret Friday’s advance with consumer stocks leading the selloff. Also Monday’s policy commentary was less than dovish.
In the U.S. northeast, deep snow and high winds shuttered transit systems and kept businesses shuttered while many residents hid indoors waiting for a break in the weather before starting to dig out in earnest. U.S. indexes had closed higher on Friday, after a U.S. Supreme Court 6-3 ruling voided most of the tariffs President Donald Trump imposed last year, finding the emergency law he relied on did not allow tariff imposition. But enthusiasm was dampened when, using a different untested statute, Trump announced first a 10%, then a 15%, global levy that could last five months while the administration seeks longer-term workarounds.
With this, the consumer discretionary index (.SPLRCD) , down ~2.4%, is among the biggest decliners of the S&amp;P 500’s (.SPX) 11 major industry groups right next to financials (.SPSY) , off 2.6%. Some of the weakest consumer stocks are travel related with Expedia (EXPE.O) and Booking (BKNG.O) . DoorDash (DASH.O) was also among the weakest with brokerages cutting their price targets for the delivery service even after it issued a strong current quarter forecast last week. Defensive sectors are top gainers but the ranking keeps changing in a choppy market. Consumer Staples (.SPLRCS) and healthcare (.SPXHC) are leaders along with utilities (.SPLRCU) . The energy sector (.SPNY) is also advancing as oil prices reached a six-month high as the U.S. and Iran prepared for a third round of nuclear talks while increased economic uncertainty was also in focus after the latest U.S. tariff upheaval. Adding another potential damper to investors looking for more dovish monetary policy, Federal Reserve Governor Christopher Waller said on Monday that if the U.S. is moving to a higher-productivity, higher-growth economy it could imply that interest rates would also be higher, countering arguments that an unfolding change in U.S. productive capacity could let the Fed cut interest rates. In positive news, however, Domino’s Pizza (DPZ.O) shares are up 4.7% after it beat Wall Street fourth-quarter estimates for U.S. same-store sales as value-driven promotions and new menu items fueled demand. The news appears to be boosting the appetite for Papa John’s (PZZA.O) with its shares up 2.8%.
And this is all ahead of the big earnings event of the week with artificial intelligence chip leader Nvidia (NVDA.O) due to report on Wednesday against a backdrop of fierce volatility in tech stocks in recent weeks over jitters about the potential for AI-related disruption.
Here is your morning snapshot from 10:31 a.m. ET:
(Sinéad Carew)
<h3>EARLIER ON LIVE MARKETS: US COURT BLOW TO TRUMP TARIFFS TRIGGERS POLICY SCRAMBLE AND GLOBAL MARKET RELIEF CLICK HERE GRAINS: POISED TO REAP SOME BIG GAINS? CLICK HERE ROTATION INTO VALUE NOT OVER YET - JPM CLICK HERE MINERS’ CAPEX SIGNALS KEEP BOFA WARY ON EQUIPMENT MAKERS CLICK HERE TECH DRAGS STOXX LOWER AS TRADE CHAOS WEIGHS; UTILITIES RISE CLICK HERE BEFORE THE BELL: EUROPEAN FUTURES INCH LOWER CLICK HERE COUNTING THE COST OF TARIFF CHAOS CLICK HERE</h3>
Wall Street indexes fall
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AWAY

US equity indexes fell, led by the Dow, down over 1% amid tariff anxiety and disappointing factory orders. The consumer discretionary sector dropped ~2.4%, with travel stocks like Expedia and Booking among the weakest. Defensive sectors like Consumer Staples and Healthcare gained. Federal Reserve comments suggested higher interest rates may persist. Domino’s Pizza shares rose 4.7% after strong sales, while Nvidia's earnings report is anticipated this week. Overall, market volatility continues as investors react to tariff uncertainties and economic conditions.

LIVE MARKETS-Despite the snow tariff anxiety turns Wall Street red