Write to By Angus Berwick and Heather Gillers
There is plenty for investors to be on edge about early Thursday.
President Trump threatened to impose 200% tariffs on alcohol imports from the European Union after the bloc hit back Wednesday at his levies on steel and aluminum imports.
Meantime, investors eyed another inflation gauge that showed wholesale prices held steady in February. Inflation concerns have intensified as Trump's import levies risk fueling price pressures, while also weighing on growth.
Senate Democrats also will discuss whether to approve the Republican's funding bill, or trigger a shutdown of the government this weekend. And Russia rejected a U.S.-brokered plan for a ceasefire in Ukraine.
In recent trading:
Stock futures fell modestly. The S&P 500, Nasdaq Composite and Dow industrials were all down.
Intel stock rallied after the struggling semiconductor company appointed a new Chief Executive.
Treasury yields rose. The 10-year yield settled Wednesday at 4.315%.
Stocks in Asia mostly fell. In Europe, shares of alcohol sellers dropped after Trump's latest tariff threat.
Bitcoin prices traded around $83,000.
Write to Angus Berwick at angus.berwick@wsj.com and Heather Gillers at heather.gillers@wsj.com
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(END) Dow Jones Newswires
March 13, 2025 09:41 ET (13:41 GMT)
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