Monday’s market is expected to be shaped by a strong oversold rally in Friday’s session, with investors looking ahead to a new month that may bring higher gains. The Trump administration’s tariffs on Mexican and Canadian imports are set to take effect tomorrow, drawing attention from Wall Street.
Cryptocurrency markets also saw significant movement after President Trump announced a U.S. strategic crypto reserve. While the announcement drew criticism for not being limited solely to Bitcoin, shares of cryptocurrencies like XRP and ether surged in response.
Tesla’s stock rose by 3% on Monday morning, as analyst Adam Jonas reaffirmed his top pick status for the company in the US auto market. Despite a 27.5% year-to-date decline, Tesla remains a favorite among analysts.
Source: https://www.cnbc.com/2025/03/03/10-things-to-watch-in-the-stock-market-monday-including-bitcoin-and-tesla-.html