2025-03-29
4 分钟Hey listeners, it's Saturday, March 29th.
I'm Jack Pitcher for the Wall Street Journal, and this is what's news in Markets,
Our look at the biggest stock moves of the week and the news that drove them.
Let's get to it.
March Madness is here, and not just on the basketball court.
Investors had to confront two of their toughest opponents this week, tariffs and inflation.
On Wednesday,
President Trump said he would impose 25% tariffs on all vehicles imported to the US begin on April 3rd.
That's Thursday of the coming week,
and Trump is expected to unveil more trade actions next week, too.
Stocks gave up earlier gains and carmakers got hit especially hard.
Then on Friday, trading turned ugly.
New inflation data for February came in slightly higher than forecast,
adding to fears that tariffs could stoke inflation and slow the economy.
At the same time, consumer sentiment also soured, a bad sign for consumer spending.
All three major indexes were heading for weekly gains with before Friday's trading wiped them out.
For the week.
The S&P 500 dropped 1.5%, the Dow fell 1%, and the Nasdaq tumbled 2.6%.
First up, let's talk about the automakers.
Tariff worries have already taken their toll on shares.