The Dow Jones today fell over 50 points in pre-market trading as U.S. President Donald Trump continues to scramble the nation's international trade balance. This morning, the U.S. administration launched a probe into U.S. auto imports, a story that overshadowed positive unemployment numbers and optimism over the U.S. economy by the U.S. Federal Reserve.
The administration said it was considering an auto import tariff of up to 25%. This comes on the heels of an international dispute over American steel tariffs that has shaken markets for most of 2018. The announcement sent Ford Motor Co. (NYSE: F) and General Motors Co. (NYSE: GM) higher in pre-market trading.
Here are the numbers from Wednesday for the Dow, S&P 500, and Nasdaq:
Now here's a closer look at today's Money Morning insight, the most important market events, and stocks to watch.
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