financetom
Market
financetom
/
Market
/
US Equities Markets End Lower Wednesday as Auto Tariffs Loom
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
US Equities Markets End Lower Wednesday as Auto Tariffs Loom
Mar 26, 2025 1:36 PM

04:01 PM EDT, 03/26/2025 (MT Newswires) -- US benchmark equity indexes ended lower Wednesday with President Donald Trump set to announce new tariffs on auto imports.

* The Trump administration may also impose tariffs on copper imports in the coming weeks, well ahead of a deadline for a decision, Bloomberg reported.

* US durable goods orders unexpectedly increased last month as gains in defense aircraft and motor vehicles drove the transportation equipment component higher, government data showed.

* "The underlying trend (in durable goods orders) has turned up recently, improving prospects for the struggling factory sector," BMO Capital Markets said.

* May West Texas Intermediate crude oil closed up $0.69 to settle at $69.69 a barrel, while May Brent crude, the global benchmark, was last seen up $0.78 to $73.80 after a report showed U.S. inventories fell more than expected last week. Concerns over supply, strained by U.S. sanctions on Iran and Venezuela, also supported prices.

* Cintas ( CTAS ) shares jumped 5.8% as the uniform supplier raised its full-year earnings outlook after fiscal Q3 results topped Wall Street's views.

* Nvidia ( NVDA ) is moving closer to a deal to buy Lepton AI, a startup that rents out servers powered by Nvidia's ( NVDA ) artificial intelligence chips, The Information reported. Nvidia ( NVDA ) shares fell 5.7%.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Japan's Nikkei tracks Wall Street lower; chip shares rebound
Japan's Nikkei tracks Wall Street lower; chip shares rebound
Jul 18, 2024
TOKYO, July 19 (Reuters) - Japan's Nikkei share average fell in choppy trade on Friday, tracking overnight Wall Street declines, although a rebound in semiconductor stocks limited losses. The Nikkei slipped 0.43% to 39,952.62 by the midday break, falling below the 40,000 mark for the first time since July 2. The broader Topix was down 0.63% at 2,850.47. U.S. stocks...
Netflix, American Express And 3 Stocks To Watch Heading Into Friday
Netflix, American Express And 3 Stocks To Watch Heading Into Friday
Jul 18, 2024
With U.S. stock futures trading higher this morning on Friday, some of the stocks that may grab investor focus today are as follows: Wall Street expects American Express Company ( AXP ) to report quarterly earnings at $3.26 per share on revenue of $16.59 billion before the opening bell, according to data from Benzinga Pro. American Express ( AXP )...
Palantir, Netflix, Domino's Pizza, Eli Lilly, Tesla: Why These 5 Stocks Are On Investors' Radars Today
Palantir, Netflix, Domino's Pizza, Eli Lilly, Tesla: Why These 5 Stocks Are On Investors' Radars Today
Jul 18, 2024
On Thursday, major U.S. stock indices were down, with the Dow Jones Industrial Average dropping nearly 1.3% to 40,665.03, the S&P 500 falling almost 0.8% to 5,544.59, and the Nasdaq decreasing 0.7% to 17,871.22. Palantir Technologies Inc. ( PLTR ) Palantir’s shares rose by 1.49% to close at $28.64, with an intraday high of $29.83 and a low of $28.15....
JGB yields edge lower as investors look ahead to BOJ, Fed
JGB yields edge lower as investors look ahead to BOJ, Fed
Jul 18, 2024
TOKYO, July 19 (Reuters) - Japanese government bond yields retreated slightly on Friday as investors gauged the outlook for interest rates at home and in the United States ahead of key central bank meetings at the end of the month. The 10-year JGB yield slipped 0.5 basis point (bp) to 1.030% as of 0510 GMT. Between Wednesday and Thursday, the...
Copyright 2023-2025 - www.financetom.com All Rights Reserved