US Equities Markets End Lower Wednesday as Auto Tariffs Loom

MT Newswires Live
Mar 27, 2025

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 artificial intelligence chips, The Information reported. Nvidia shares fell 5.7%.

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