Stock market today: Dow, S&P 500, Nasdaq futures slip as worries over tariffs and the economy persist

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Updated Thu, Mar 13, 2025, 7:06 AM 1 min read

But uncertainty around Trump’s tariff policy continues to grip Wall Street, and his trade war has only intensified this week. The president has vowed to respond to tariffs planned by the EU and Canada in response to US duties on steel and aluminum imports — most notably leading off Thursday by threatening a 200% tariff on imports of EU wines and spirits.

Meanwhile, the risk of a US government shutdown adds another layer of worry for investors already assessing the impact of DOGE job cuts on the economy. Senate Democrats plan to block a Republican spending bill to avert the weekend shutdown, Minority Leader Chuck Schumer said.

Wholesale inflation data released on Thursday morning showed prices did not change in February, compared to an expected month-over-month increase of 0.3%. On an annualized basis, the Producer Price Index rose 3.2%, versus a consensus estimate of 3.3%.

The easing in price pressures is expected to factor into expectations for interest rate cuts ahead of the Federal Reserve meeting next week.

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Charles Schwab CEO: Investors are buying the dips

Yahoo Finance’s Brian Sozzi reports:

Read more here.
Dow, S&P 500, Nasdaq slip amid tariff worries

Stocks pulled back on Thursday as investors assessed the economic impact of an escalating trade war and the threat of a US government shutdown.

The S&P 500 (^GSPC) fell 0.5% while the tech-heavy Nasdaq Composite (^IXIC) dropped nearly 1%, on the heels of a rebound for both gauges. The Dow Jones Industrial Average (^DJI) also slipped 0.2%

The market action has been volatile in recent days with stocks rebounding on Wednesday following a cooler-than-expected inflation report.

On Thursday morning President Trump threatened the European U with a 200% tariff on imported wines, champagnes, and other alcoholic products if the bloc did not remove a duty on whiskey. The EU duties follow a 25% tariff on imports of steel and aluminum imposed by Trump.

Meanwhile, Senate Minority Leader Chuck Schumer said Democrats are planning to block a Republican spending bill to avert the weekend shutdown.
PPI data shows wholesale inflation ticked down in February

Yahoo Finance’s Josh Schafer reports:

Read more here.
Adobe shares fall after disappointing outlook

Adobe stock sank over 6% in premarket trading after the software maker’s revenue outlook for the current quarter disappointed investors.

From Bloomberg:

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Dollar General stock jumps as comparable sales beat estimates

Dollar General (DG) stock jumped 4.8% in premarket trading after the discount retailer reported holiday sales above estimates but a mixed outlook for the year.

Retailers, including Walmart (WMT) and Target (TGT), have largely issued more cautious forecasts for the year as they navigate new tariffs and a still-inflation-weary consumer.

For the quarter, Reuters reported that Dollar General posted annual same-store sales growth between 1.2% and 2.2%, compared with analysts’ expectations for a 1.82% rise, according to data compiled by LSEG. Dollar General’s 2025 earnings per share outlook came in at $5.10 to $5.80, below analysts’ average estimate of $5.85.

Read more here.
The stock market’s fate all depends on tariffs

Stocks attempted a rebound on Wednesday, but as with most of the recent market action, the rally proved to be stop-and-go, Yahoo Finance’s Josh Schafer reports.

Read more here on why pricing tariffs into the stock market has become more difficult.
‘Magnificent 7’ stocks aren’t the only high-flying techs getting hit hard

Big techs have led markets lower in what’s been a brutal month for stocks, mirroring their leadership in gains in 2023 and 2024.

But its worth digging deeper this time to see what’s going on, Yahoo Finance’s Alexandra Canal reports.

Read more here.
Intel stock surges as Wall Street cheers new CEO

Intel’s (INTC) shares are jumping in premarket after the company found a new CEO willing to take on the tough job of turning around the struggling US chipmaker.

New boss Lip-Bu Tan is a former Intel board member who’s managed to stay under the radar while wielding significant influence in the chip industry.

Tan is taking over Intel in the midst of one of the darkest eras in the company’s history. The chipmaker has lost its lead in process manufacturing to rival chip builder TSMC (TSM) and ceded its opportunity to dominate in the AI space to Nvidia (NVDA), Yahoo Finance’s Daniel Howley reports.

The new CEO has already said he’ll keep working to make Intel a top foundry, making chips for others in the industry. That’s seen as signal he won’t split up its design and manufacturing businesses, as the likes of rivals TSMC and Broadcom (AVGO) eye its factories.
Good morning. Here’s what’s happening today.
Trending tickers in after-hours trading

Adobe (ADBE)

Shares in visual and digital media software giant Adobe fell 4% in after-hours moves after the company reported record quarterly revenue above analysts’ expectations. The earnings report did not provide investors with enough to latch onto for future outlook.

American Eagle (AEO)

Apparel retailer American Eagle warned of a drop in its operating income. Stocks in the company dropped 5% in after-market moves.

SentinelOne (S)

Cybersecurity firm SentinelOne announced earnings and issued a revenue forecast below Wall Street estimates. Shares in the company dropped 12% in extended trading.
Intel stock leaps 11% after appointing Lip-Bu Tan as CEO

Intel (INTC) shares jumped up over 11% in after-hours trading after an announcement revealed Lip-Bu Tan as the company’s new CEO. Tan will be replacing interim co-CEOs David Zinsner and Michelle Johnston Holthaus.

Yahoo Finance’s Dan Howley reports:

Read more here.