The S&P 500 traded around the flatline and the Nasdaq declined 0.2% while the Dow Jones gained about 210 points on Wednesday, as traders awaited further clarity on trade policy amid growing concerns over the economic outlook. On Tuesday, President Trump reaffirmed his opposition to too many exceptions on reciprocal tariffs, set to take effect on April 2nd. Meanwhile, durable goods orders were mixed, with total orders surprisingly rising while orders for non-defense capital goods excluding aircraft, a closely watched proxy for business spending plans, fell 0.3%, missing forecasts of a...
Stocks dipped on Wednesday, led lower by tech, as pressure on the tariff front mounted. The S&P 500 lost 1.1%, while the Dow Jones Industrial Average traded 205 points lower, or 0.5%. The tech-heavy Nasdaq Composite shed about 2%, as Nvidia shares dropped more than 6%. Other major tech names such as Meta, Amazon and Alphabet lost more than 2% each, while Tesla slid more than 5.5%. Stocks hit session lows after the White House said that President Donald Trump will unveil new tariffs on auto imports during a press conference at 4 p.m. ET. General Motors and Ford shares each dropped more...
Stocks dipped on Wednesday, led lower by tech, as pressure on the tariff front mounted. The S&P 500 lost 1.12% and ended at 5,712.20, while the Dow Jones Industrial Average fell 132.71 points, or 0.31%, to close at 42,454.79. The tech-heavy Nasdaq Composite shed 2.04% and closed at 17,899.01, as Nvidia shares dropped nearly 6%. Major tech names such as Meta Platforms and Amazon dropped more than 2%, while Alphabet lost more than 3%. Tesla slid more than 5%. Stocks hit session lows after the White House said that President Donald Trump will unveil new tariffs on auto imports during a...