Trade uncertainty and potential auto tariffs cause Wall Street decline, impacting tech and auto stocks.

From Nasdaq: 2025-03-26 15:46:00

Wall Street closed lower on Wednesday due to uncertainty over impending U.S. tariffs. Tech and auto stocks took a hit as fears of auto levies loomed. Investors grapple with potential price increases and supply chain disruptions, impacting spending decisions. Chipmakers like Nvidia and Broadcom saw significant declines, while automakers like Tesla, Ford, and GM also suffered.

Barclays downgraded its 2025 S&P 500 target, citing global trade uncertainties. Despite an uptick in durable goods orders, concerns over tariffs overshadow positive data. Investors remain cautious as Trump’s auto tariff announcement could lead to increased prices and deferred spending decisions. The market is awaiting Friday’s PCE inflation data for further insights.

Boeing and Lockheed Martin’s Vulcan certification marks a milestone in national security satellite launches. The partnership offers redundancy and resilience for critical missions, reducing reliance on Russian engines. Competition with SpaceX could drive innovation and cost efficiencies. However, Vulcan must prove reliability, and competition may limit market share and profitability.

Uncertainty over Trump’s trade agenda and potential auto levies have dampened risk appetite. Despite a stable labor market, consumer confidence is slipping. Clearer tariff guidance next week may impact market recovery. Market watchers stress the importance of upcoming inflation data and White House announcements for market volatility and investor confidence.



Read more at Nasdaq: Quiver Stock Research: Trump’s Auto Tariffs Threaten to Upend Market Recovery