Reported 4 days ago
On March 27, 2025, the S&P 500 fell by 0.3% after President Trump announced a 25% tariff on car imports, causing GM's stock to plummet 7.4%. Other major automakers like Ford and Stellantis also faced losses, while auto parts retailers benefitted from the potential for consumers to keep older vehicles longer. Notably, Dollar Tree shares surged by 11.2% after plans to sell its Family Dollar brand, and Abbott Laboratories saw a 3.8% increase following EU approval of its new medical device.
Source: YAHOO