12:21 PM EST, 02/03/2025 (MT Newswires) -- All three major US stock indexes were down after midday trading Monday as investors digested news over the weekend that the White House was implementing tariffs on Canada, Mexico and China.

In company news, Ford Motor ( F ) sold 142,944 vehicles in January, a 6.3% drop from January 2024, the company said Monday. The automaker sold 5,666 electric vehicles last month, a 21.2% gain from the year-ago period, and 13,295 hybrid vehicles, a 19.2% increase. Ford's sales of internal combustion vehicles fell 9.4% year over year to 123,983 in January. Separately, analysts at Wedbush Securities said in a Monday note that the auto sector supply chain "can adjust to a near-term shock and weather the storm" related to the Trump administration's recently announced tariffs on Mexico and Canada. The impact of the tariffs on General Motors (GM) and Ford (F) will be minimal if the tariffs remain for 30 to 60 days, the analysts said. Ford shares were down 0.8%, while those of General Motors were down 0.6%.

Tyson Foods ( TSN ) reported fiscal Q1 adjusted earnings Monday of $1.14 per share, up from $0.69 a year earlier and above the consensus estimate from analysts surveyed by FactSet of $0.90. Fiscal Q1 sales were $13.62 billion, up from $13.32 billion a year earlier and above the FactSet consensus of $13.46 billion. The company said it now expects fiscal 2025 adjusted operating income of $1.9 billion to $2.3 billion, up from its previous guidance range of $1.8 billion to $2.2 billion. Tyson also said it expects fiscal 2025 sales to be in a range of flat to up 1% compared to fiscal 2024. It previously called for fiscal 2025 sales to be in a range of down 1% to flat. Tyson shares were up 1.7%.

Becton Dickinson ( BDX ) is considering a potential separation of its life science division, according to media reports. The push to separate the business via a sale or spin-off is coming from activist investor Starboard Value, which has taken a stake in the company, the Financial Times reported Monday. A sale could value the division at about $30 billion, Bloomberg reported, while the Financial Times reported the unit could be worth between $33 billion and $35 billion, citing Citigroup analysts. Becton Dickinson ( BDX ) shares were up 1.0%.

Tesla (TSLA) vehicle registrations fell in January in France to 1,141 vehicles from 3,118 a year ago, according to La Plateforme Automobile. Tesla shares were down 4.7%.

Toyota Motor (TM) North America reported sales of 163,585 vehicles in January, a 1.3% drop from the year-ago period, Bloomberg reported Monday.

Honda Motor ( HMC ) said American Honda's January sales totaled 96,774 units in January, a 3.8% gain from the year-prior period. Sales of light trucks and electrified models rose to a record in January, the company said Monday in a statement. Honda ( HMC ) shares were down 3.9%.

Stellantis ( STLA ) said Monday it has simplified its organizational structure "to enable speed of decision and execution." Among the changes, software activities will now be integrated into a product development and technology organization. Shares of Stellantis ( STLA ) were down 3.2%.

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