S&P 500 ends lower as investors digest Trump's auto tariffs
Thu March 27, 2025 4:20 PM
On this second day, the shock of the automobile tariffs coming April 3rd and auto parts coming May 3rd continues to rattle automakers with both GM and Ford down another 7% and 3.9% respectively after yesterday’s big hit. Auto parts makers also took a 5% hit. As today’s expert put it, “Investors are really cautious and wary of Trump and his policies. Even more than the policies, just the constant flip-flopping, making people really nervous about making long-term investments.”
The one bit of good news is that Q4 GDP, though still lower than Q3, was revised upwards today from 2.3% to 2.4%. The big one, PCE, the one everyone’s been waiting for, comes Friday. The S&P is down 3% for the year, the Nasdaq 8%. At 14.7 billion, volume remains below the average of 16.3 billion.
DJ: 42,454.79 -132.71 NAS: 17,899.02
-372.84 S&P: 5,712.20
-64.45 3/26
DJ: 42,299.70 -155.09 NAS: 17,804.03
-94.98 S&P: 5,693.31
-18.89 3/27
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