Stocks fell Thursday as investors reacted to President Donald Trump’s latest tariff announcements. The Dow Jones Industrial Average dropped 212 points, or 0.5%. The S&P 500 lost 0.5%, and the Nasdaq Composite fell 0.6%.
Tech stocks continued their decline, with Nvidia and Meta both dropping 1.5%. Other major tech companies also saw losses, except for Tesla, which rose 2%.
Automaker stocks were also impacted by Trump’s announcement of a 25% tariff on foreign cars. General Motors fell 8%, while Ford and Stellantis dropped 3% and 4%, respectively. Trump’s tariffs are set to take effect on April 2.
Despite the uncertainty, Trump indicated the tariffs might be “very lenient” and hinted at reducing tariffs on China. He also threatened larger tariffs on the European Union and Canada if they challenge U.S. policies.
Investor concerns about the broader U.S. economy persist, especially as consumer confidence hit a 12-year low. A recent Conference Board report and the University of Michigan Survey showed rising pessimism.
Markets remain volatile amid ongoing trade policy uncertainty, with analysts predicting continued market struggles. Investors await key economic data this week.
