Wall Street Slides Amid Tariff Concerns and Major Stock Sell-Off

Wall Street suffered significant losses as investors faced uncertainty regarding upcoming U.S. tariffs. Stocks in tech and automotive sectors, including Nvidia and Tesla, were hit hard. Broader market indices like the Nasdaq and S&P 500 saw declines, while geopolitical tensions and tariff fears kept investors cautious.

Wall Street saw a notable downturn on Wednesday, with major stocks like Nvidia and Tesla suffering losses. Investors are on edge, anticipating new U.S. tariffs expected to be announced shortly. The decline underscores growing market uncertainty.

In related developments, President Trump hinted at forthcoming auto levies, though not all tariffs might take effect by April 2. This has contributed to a broader market pullback, evidenced by Tesla's 6.2% drop and declines in automaker stocks such as Ford Motor and General Motors.

The instability stems from uncertainty regarding the impact of U.S. tariffs and potential retaliations, with notable declines in the S&P 500 and Nasdaq. These developments, combined with a revised downward target from Barclays, have left investors anxious as they await new economic indicators.

(With inputs from agencies.)