Stocks rebound after initial concerns over auto tariffs, mixed results across indexes.

From Nasdaq: 2025-03-27 14:33:00

Stock indexes showed mixed results today, with the S&P 500 up +0.23%, Dow Jones down -0.15%, and Nasdaq 100 up +0.32%. President Trump’s new tariffs on auto imports sparked market concerns. US Q4 GDP was revised higher to 2.4%, and weekly initial unemployment claims unexpectedly fell to 224,000.

Geopolitical tensions in the Middle East escalated, with Israel launching airstrikes and US strikes on Yemen. Trump’s tariffs on auto imports added pressure on stocks. Market expectations suggest a 16% chance of a -25 bp rate cut after the May FOMC meeting. Overseas markets settled mixed, with Euro Stoxx 50 down -0.79%.

US bond yields were mixed, with German bunds down and UK gilts up. Eurozone M4 money supply rose to +4.0% y/y. ECB may consider holding rates steady due to trade policy complications. Swaps indicate a 75% chance of a -25 bp rate cut in April. US automakers and chip makers faced losses, while food and beverage stocks rose.

Auto parts stores saw gains amid the new tariffs. Verint Systems and Jeffries Financial Group reported weaker earnings. Phillips 66 dropped after a downgrade, while Soleno Therapeutics surged on FDA approval. Cava Group and Angi Inc gained on S&P index changes. Northrop Grumman rose after an upgrade. Earnings reports for various companies were released.



Read more at Nasdaq: Stocks Bounce Back as Investors Shrug Off Auto Tariffs