U.S. President Donald Trump expanded his tariff pause to goods coming in from Canada and Mexico, so long as they satisfy terms of the United States-Mexico-Canada Agreement, a trade deal between all countries.

Unlike Trump's Wednesday reprieve to automakers, which bumped up stocks, investors weren't relieved this time. All major U.S. benchmarks sank, with the Nasdaq Composite limping into correction territory and losing its post-election Trump bump.