Indian Rupee Eyes US Tariff Move as Bond Yields Slide Ahead of RBI Policy 
S&P 500 Rises as Tech Surges Ahead of Trump’s Tariff Announcement 
Asian Stocks Rebound as Markets Brace for U.S. Tariffs and RBA Holds Rates 
Oil Prices Hold Steady Amid Trump’s Iran Threats and Geopolitical Tensions 
China’s March PMI Beats Expectations Amid Strong Stimulus Push 
Gold Prices Hit Record $3,106 Amid Tariff Fears and Geopolitical Tensions 
Oil Prices Steady as Investors Await U.S. Tariffs and OPEC+ Decision 
Oil Prices Dip as China Discovers Major South China Sea Oilfield 
Asian Stocks Slide as Trump Tariff Fears Grow Despite China PMI Boost 
EU Ready to Hit Back if U.S. Imposes New Trade Tariffs, Says von der Leyen 
Dollar Steady as Markets Brace for Trump’s Tariff Announcement 
Europe Emerges as Strategic Investment Hub Amid Defence and Infrastructure Boom 
Japan Unemployment Falls in February, Signaling Market Improvement 
Taiwan Prepares for U.S. Tariffs as Lai Urges Swift Contingency Measures 
U.S. stocks closed lower Thursday as investors reacted to President Donald Trump’s surprise announcement of new auto tariffs, which sent shares of major automakers and parts suppliers tumbling. The S&P 500 slipped 0.33% to 5,693.31, while the Nasdaq lost 0.53% and the Dow Jones fell 0.37%.
Trump’s plan includes a 25% tariff on imported cars and light trucks starting April 3, with auto parts tariffs following on May 3. The move triggered a sharp sell-off in automakers, with General Motors (NYSE:GM) plunging over 7% and Ford (NYSE:F) dropping 3.9%. Car parts suppliers Aptiv (NYSE:APTV) and BorgWarner (NYSE:BWA) fell around 5% each.
Tesla (NASDAQ:TSLA) gained 0.4% as its domestic production may shield it from the worst of the tariff impact. Apple (NASDAQ:AAPL) rose 1.05%, helping to offset broader losses.
Uncertainty around Trump’s shifting trade policies continues to weigh on investor sentiment. “People are cautious not just because of the policies but because of the constant flip-flopping,” said portfolio manager Jed Ellerbroek of Argent Capital.
Eight of the 11 S&P 500 sectors closed in the red, led by energy and communication services. Despite a dip in weekly jobless claims and a Q4 GDP revision up to 2.4%, markets remained under pressure.
Dollar Tree (NASDAQ:DLTR) jumped 11% after announcing the sale of its Family Dollar unit for $1 billion, earning bullish analyst upgrades.
Investors are now turning to Friday’s release of the February PCE price index, the Fed’s preferred inflation gauge, for further clues on monetary policy. So far in 2025, the S&P 500 is down 3%, while the Nasdaq has slid nearly 8%, both poised to end Q1 in the red.
