All three U.S. indexes erased earlier gains on Wednesday, extending their losses from the previous session as investors grappled with trade policy uncertainty and awaited Nvidia's earnings. The S&P 500 fell 0.1%, heading for its fifth straight decline, while the Nasdaq 100 dropped 0.2%. The Dow Jones Industrial Average fell more than 200 points amid concerns about new tariffs after President Trump announced a 25% levy on European autos and confirmed tariffs on Mexico and Canada that will take effect on April 2. Nvidia shares rose more than 2% ahead of its highly anticipated earnings report, a key test for AI trading. Lowe's rose 2.1% after posting a 0.2% rise in same-store sales, its first positive growth in nearly two years. General Motors rose more than 3% following news of a 25% increase in its quarterly dividend. Treasury yields extended their decline for a sixth straight session as investors remained cautious about economic risks. (Newsmaker23)
Source: Trading Economics
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