Tariffs, Auto Stocks Limit Wall Street Pre-Bell; Asia Mixed, Europe Down

7:14 AM ET 03/27/2025 - MT Newswires

General Motors (GM) is down 6.4% pre-bell, while Ford (F) is down 2.7%.

In the futures, the S&P 500 was 0.1% down, the Nasdaq was 0.2% lower, and the Dow Jones was up 0.1%.

Gold struck fresh all-time highs in morning action, topping $3,050 an ounce.

Asian exchanges traded choppily overnight, while European bourses tracked moderately lower midday on the continent.

Steelcase (SCS) gained 12% pre-bell after the furniture maker reported fiscal Q4 earnings and revenue above outlooks and issued upbeat guidance late Wednesday.

TD Synnex (SNX) plans to report earnings pre-bell, among others.

On the economic calendar is the weekly jobless claims bulletin at 8:30 am ET, along with the revised Q4 GDP tally, and the international trade in goods bulletin for February.

Also posting at 8:30 am is the Q4 corporate profits report, and retail and wholesale inventories reports for February.

The February pending home sales index posts at 10 am, and the weekly EIA natural gas report at 10:30 am.

The Kansas City Fed Manufacturing Index for March posts at 11 am.

In premarket action, Bitcoin traded at $87,540, West Texas Intermediate crude oil traded lower at $69.56, and 10-year US Treasuries offered 4.39%. Spot gold traded for $3,053 an ounce.

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