Market Reactions to Trump's Trade Announcements

Investors navigated through a sea of uncertainty as US stock markets closed with mixed results on Wednesday. The spotlight was on President Donald Trump, who, during his inaugural cabinet meeting, unveiled plans to impose tariffs on Canadian and Mexican goods starting April 2. Additionally, a 25% tariff on imports from the European Union was announced, further intensifying the global trade conflict.

Eyes on Nvidia and Upcoming Earnings Reports

Amidst the trade turmoil, the tech sector held its breath for Nvidia's fourth-quarter earnings report, expected after the market closed. The anticipation was not limited to Nvidia, as earnings announcements from Salesforce, eBay, and Paramount were also on the horizon, promising to add more flavor to the market's mixed performance.

Market Performance Overview

The Dow Jones Industrial Average experienced a slight downturn, losing 0.43% or 188 points, with Centene Corp. taking a significant hit. In contrast, the Nasdaq 100 saw a modest increase, buoyed by Axon Enterprise's impressive 15.25% surge. The S&P 500 remained stable, and the euro saw a minor dip against the dollar, trading at 1.04861.