NEW YORK (AP) — Wall Street is getting pulled in different directions Thursday as President Donald Trump’s latest tariff escalation creates winners and losers among auto stocks, while better-than-expected data on the economy helps support the market.
The S&P 500 was 0.3% higher in midday trading after erasing a loss of 0.7% from the morning. The Dow Jones Industrial Average was down 6 points, or less than 0.1%, as of 11:25 a.m. Eastern time, and the Nasdaq composite was 0.3% higher.
General Motors sank 6.8% for one of the market’s sharper losses after Trump announced 25% tariffs on imported cars. Ford Motor dropped 2.2%.
Even U.S. automakers
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