On Thursday, March 27th, U.S. markets closed in red in the middle of market jitters over President Trump’s proposed 25% tariff on imported cars and trucks, striking car manufacturers like GM and Ford hard. Tesla and Apple saw small gains. Financiers stay careful due to Trump’s unforeseeable trade position. The S&P 500 and Nasdaq are heading towards unfavorable Q1 surfaces in 2025.
In financial information, U.S. preliminary out of work claims dipped to 224,000 recently, somewhat listed below expectations. Q4 GDP was modified to 2.4% from 2.3%, while February wholesale stocks increased 0.3% to $903 billion, below January’s 0.8% boost.
The majority of S&P 500 sectors ended lower, led by decreases in energy, interaction services, and tech. Health care and customer staples were the exceptions, completing the day in favorable area.
The Dow Jones Industrial Average was down by 0.37% at 42,299.70, the S&P 500 moved 0.33% to 5,693.31, and the Nasdaq Composite fell 0.53% to 17,804.03.
Asia Markets Today
- On Friday, Japan’s Nikkei 225 closed the session lower by 1.99% at 37,049.50, led by losses in the Shipbuilding, Production, and Provider sectors.
- Australia’s S&P/ ASX 200 was up 0.16% and closed at 7,982.00, led by gains in the Gold, Customer Staples and Energy sectors.
- India’s Nifty 50 moved 0.28% to 23,526.95, and Nifty 500 was down 0.27% at 21,350.25.
- China’s Shanghai Composite decreased 0.67% to 3,351.31, and the Shanghai Shenzhen CSI 300 moved 0.44% to 3,915.17.
- Hong Kong’s Hang Seng was down 0.76%, ending the session at 23,400.24.
Eurozone at 05:45 AM ET
- The European STOXX 50 was down 0.53%.
- Germany’s DAX decreased 0.66%.
- France’s CAC moved 0.53%.
- U.K.’s FTSE 100 index traded lower by 0.01%.
- European shares decreased Friday in the middle of increasing trade war issues, with the STOXX 600 and Germany’s DAX lower.
Products at 05:45 AM ET
- Petroleum WTI was trading greater by 0.16% at $70.03/ bbl, and Brent was up 0.07% at $73.38/ bbl.
- Gas fell 0.61% to $3.901.
- Gold was trading greater by 0.71% at $3,113.10, Silver was up 0.87% to $35.388, and Copper moved 0.14% to $5.1125.
- Gold struck a record high Friday as safe-haven need rose following Trump’s car tariffs and increasing geopolitical stress. Financiers wait for crucial PCE inflation information, which might affect Fed rate expectations.
U.S. Futures at 05:45 AM ET
Dow futures were down 0.11%, S&P 500 futures decreased 0.21% and Nasdaq 100 futures fell 0.36%.
Forex at 05:45 AM ET
The U.S. Dollar Index increased 0.12% to 104.38, USD/JPY was down 0.26% to 150.64, and USD/AUD got 0.12% to 1.5881.
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