Stocks Slip As Tariff Fears Resurface: What's Driving Markets Wednesday?

U.S. stocks declined on Wednesday, with all major indices in the red by midday in New York, as renewed concerns over tariffs rattled investors.

President Donald Trump signaled that new trade duties on automobiles could be announced as early as today, while market participants are also bracing for April 2, which marks the start of reciprocal tariffs.

Technology shares, particularly semiconductor stocks, led the selloff, dragging the Nasdaq 100 sharply lower and trimming much of its weekly gains. Shares of Nvidia Corp. (NASDAQ:NVDA) tumbled 5.9%, on track for the worst daily loss since early March, as investors fear further restrictions on chip exports to China. The iShares Semiconductor ETF (NYSE:SOXX) fell 3.4%.

Meanwhile, blue-chip stocks ...