Oil extends losses amid trade war between US and China

US stocks (^DJI, ^IXIC, ^GSPC) ended Monday's session in negative territory — led by the Nasdaq Composite falling 1.2% — in response to the Trump administration's deployment of tariffs over the weekend. Following talks with US officials, Mexico's President Claudia Sheinbaum announced earlier today that the tariffs on imports from the country have been delayed until March 1. Yahoo Finance markets and data editor Jared Blikre comes on Asking for a Trend to assess the day's equity market moves, including dip-buying trends, what February historically means for markets, and the price action in bitcoin (BTC-USD) and gold (GC=F). To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend here. This post was written by Luke Carberry Mogan.

Pound plunges as Trump launches trade war