S&P 500 ends lower as investors digest Trump's auto tariffs

The S&P 500 declined 0.33% to end the session at 5,693.31 points. The Nasdaq dropped 0.53% to 17,804.03 points, while the Dow declined 0.37% to 42,299.70 points.

NEW YORK: The S&P 500 ended lower on Thursday, as investors grappled with US President Donald Trump's latest trade tariff announcement that hit shares of General Motors and Ford.

Trump unveiled on Wednesday his plan to implement a 25% tariff on imported cars and light trucks effective on April 3, while the duty on auto parts begins on May 3. Investors are also bracing for a wave of reciprocal tariffs Trump plans to unveil on Wednesday, although the president has hinted there may be room for flexibility.