Tech stocks dragged markets lower on Wednesday as investors braced for more tariff uncertainty.

The S&P 500 slipped 0.8%, snapping a three-day winning streak. The Nasdaq Composite dropped nearly 1.7%, while the Dow Jones Industrial Average edged 42 points lower, or 0.1%.

Nvidia (NASDAQ:NVDA) took a hit, sliding more than 5.5%. Tesla (NASDAQ:TSLA) dropped about 5%, while Alphabet (GOOGL), Amazon (NASDAQ:AMZN), and Meta (NASDAQ:META) each lost over 1%.

Wall Street remains on edge over inflation risks and an economic slowdown. Investors are closely watching President Donald Trump's stance on tariffs, with new trade measures set to begin on April 2.

Midday losses deepened after reports surfaced that Trump may announce auto tariffs as early as Wednesday. Earlier comments hinted at a softer approach, suggesting some tariffs could be delayed or narrowed in scope.

Markets had rallied earlier in the week, with the S&P 500 gaining 5% over eight sessions. But volatility lingers, and sentiment remains fragile as investors digest shifting trade policies and economic signals.