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S&P 500 Hits Low of Session, Down 1% Ahead of New Auto Tariff Announcement

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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 2%, with Nvidia shares dropping more than 6%. Other major tech names such as Meta, Amazon, and Alphabet lost more than 2% each, while Tesla slid 6.7%.

Stocks hit session lows after the White House indicated 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 than 1%, while Stellantis was down more than 2%.

This comes ahead of a broad array of additional levies expected to be revealed next week. Trump on Tuesday said that these tariffs will likely be more “lenient than reciprocal,” reflecting a softened stance that added onto reports from earlier this week that the duties could be more narrow in scope and that sector-specific tariffs are expected to be delayed.

Worries over the impact of protectionist trade policies have weighed on equities recently. The S&P 500 dipped into correction territory earlier this month, briefly falling more than 10% from a record high set in February.

Wall Street is coming off a winning session, with the S&P 500 on Tuesday posting its third straight advance.

An expert noted that the market appears to be stabilizing, with the S&P 500 gaining 5% in eight sessions, recovering almost half of what it lost over the previous month.

“The emotion of the market is calming following a tumultuous period … the collapse of technical indicators accompanying the recent market correction is showing signs of recovery,” the expert said.

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Aryan Jakhar
Aryan Jakharhttps://businessheadline.us/author/journalist-aryanjakhargmail-com/
Aryan Jakhar is a seasoned journalist based in New Delhi, India. He founded Business Headline in 2023 after which in the end of 2024 Business Headline Hindi and in 2025 Business Headline US was established. He covers news related to Business, Finance, Market, Technology and Startups.
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