Asia Markets Mixed, Europe Falls On Auto Tariff Concerns And Gold Hits All-Time High - Global Markets Today While US Slept

On Thursday, March 27th, U.S. markets closed in red amid market jitters over President Trump’s proposed 25% tariff on imported cars, hitting automakers like GM and Ford hard. Tesla and Apple saw slight gains. Investors remain cautious due to Trump’s unpredictable trade stance. The S&P 500 and Nasdaq are heading toward negative Q1 finishes in 2025.

In economic data, U.S. initial jobless claims dipped to 224,000 last week, slightly below expectations. Q4 GDP was revised to 2.4% from 2.3%, while February wholesale inventories rose 0.3% to $903 billion, down from January’s 0.8% increase.

Most S&P 500 sectors ended lower, led by declines in energy, communication services, and tech. Healthcare and consumer staples were the exceptions, finishing the day in positive territory.

The ...