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Stocks dipped on Wednesday due to pressure by tech shares, as traders continue to grapple with uncertainty on the tariff front.
The Dow Jones Industrials strode higher 207.88 points to 42,795.38.
The S&P 500 Index waned 18.14 points to 5,758.51
The NASDAQ dropped 204.90 points, or 1.1%, to 19,066.95.
Nvidia and Tesla shares each shed more than 3% in morning trading. Alphabet, Amazon and Meta each declined by more than 1%.
Investors are watching for signs that could indicate for a rise in inflation and a potential economic slowdown, particularly as President Donald Trump’s April 2 start date for reciprocal tariffs looms.
Trump said in an interview with Newsmax on Tuesday said that tariffs will likely be more “lenient than reciprocal.” That softened stance adds onto reports from earlier this week that the duties could be narrower in scope and that sector-specific tariffs are expected to be delayed.
Prices for the 10-year Treasury faded Wednesday, hiking yields to 4.36% from Tuesday’s 4.32%. Treasury prices and yields move in opposite directions.
Oil prices gained 96 cents to $69.96 U.S. a barrel.
Prices for gold advanced a dime an ounce to $3,026 U.S.
