Dow(DOW) Benzinga·2025-03-28 06:08Market Sentiment - The CNN Money Fear and Greed index showed almost no change, remaining in the "Fear" zone with a reading of 27.9 compared to 27.8 previously [6] - U.S. stocks settled lower, with the Dow Jones index falling more than 150 points during the session as investors reacted to tariff-related news [1] Tariff Impact - President Trump announced a 25% tariff on all auto imports starting next week, with additional duties on auto parts expected in May [1] - European automakers, including Mercedes-Benz Group AG and Porsche Automobile Holding SE, experienced declines of 1.7% and 2.3%, respectively [2] Company Performance - TD SYNNEX Corp shares dipped around 14% following the release of its first-quarter results [2] - Verint Systems Inc. shares fell more than 13% after reporting worse-than-expected fourth-quarter results and issuing FY26 EPS guidance below estimates [2] Economic Data - U.S. initial jobless claims fell by 1,000 to 224,000, slightly better than market estimates of 225,000 [3] - The U.S. economy grew at an annualized rate of 2.4% in Q4, an increase from the prior estimate of 2.3% [3] - U.S. wholesale inventories increased by 0.3% month-over-month to $903 billion in February, compared to a 0.8% gain in the previous month [3] Sector Performance - Most sectors on the S&P 500 closed negatively, with energy, communication services, and information technology stocks recording the largest losses [4] - Health care and consumer staples stocks closed higher, bucking the overall market trend [4] - The Dow Jones closed lower by approximately 155 points to 42,299.70, while the S&P 500 fell 0.33% to 5,693.31, and the Nasdaq Composite tumbled 0.53% to 17,804.03 [4] Upcoming Earnings - Investors are awaiting earnings results from Super League Enterprise, Inc. and Katapult Holdings, Inc. [5]