The stock market sank on Monday as investors are concerned on the health of the US economy. They are worried that the uncertainty on President Donald Trump’s tariff policy would lead the economy into a recession.
NASDAQ suffered its worst day since 2022, with a 4.0% drop to 17,468. Meanwhile, S&P 500 fell 2.7% to 5,615.
Chart of the Day
Here is the one-year chart of Old Dominion (ODFL) as of March 3, 2025, when the stock was at $172.
The Less-than-Truckload (LTL) carrier reported drops in shipments per day (-7.6%), weight per shipment (-0.7%), and total tons per day (-8.2%).
Meanwhile, management is optimistic about 2025, believing that smart investments and efficient operations will help the company thrive—even if Trump’s new tariffs on imports from Canada and Mexico disrupt North American trade. These tariffs might push some manufacturers to move production to countries like Vietnam, Taiwan, or India, but they could also upset the smooth flow of goods.
ODFL is on the radar for our Conservative Growth Portfolio.
