Why is the Dow Jones today under pressure?

Markets are reacting to a Supreme Court IEEPA ruling that may trigger large tariff refunds and to a proposal for Trump 15% tariffs on all imports. The EU also put a trade vote on hold. These raise earnings uncertainty for industrials, exporters, and retailers, pressuring risk appetite.

What does the Supreme Court IEEPA ruling change for investors?

It narrows tariff powers, increasing odds that past import duties face legal challenges. PWBM estimates up to $175 billion in potential importer refunds and a sharp drop in future tariff revenue. That could shift cash flows, pricing power, and sector leadership over the next few quarters.

How should Singapore investors adjust after the Dow Jones today drop?

Prioritise cash-rich firms with pricing flexibility and low U.S.-sourced input costs. Trim holdings tied to tariff-sensitive parts or thin import margins. Keep partial USD exposure, watch management guidance on hedging and demand, and trade key levels with defined stops as volatility remains elevated.

What levels matter most for Dow traders near term?

Initial support sits near 48,600 and 48,180, with resistance at 49,450 and around 49,000 from the 50-day average. A close above 49,450 can target 50,300 and the 50,513 high. ATR near 613 points suggests wide daily ranges, so size positions conservatively.

Law and Government

^DJI Today, February 24: Tariff Ruling and 15% Plan Rattle Dow

ByHuzaifa Zahoor February 24, 2026February 24, 2026

Dow Jones today slid 1.66% to 48,804.07, pressured by policy shocks. A Supreme Court IEEPA ruling curbs tariff powers, while a Trump 15% tariffs plan for up to 150 days adds fresh uncertainty. The EU put a trade vote on hold after pushback. PWBM estimates up to $175 billion in importer refunds and a halving of future tariff revenue, raising earnings risk for industrials, exporters, and retailers. We break down the market setup and what Singapore investors should watch now.