U.S. equities traded lower at midday after briefly recovering from earlier losses caused by new tariffs on imported vehicles and parts. The Dow Jones Industrial Average, 澳洲幸运5官方开奖结果体彩网:S&P 500, and Nasdaq all were down slightly.

Shares of "Big Three" automakers General Motors (GM), Ford (F), and Stellantis (STLA) all tumbled on the tariff news.

Also hit were auto suppliers, including Aptiv (APTV) and PPG Industries (PPG).

Shares of Jefferies Financial Group (JEF) 𒆙sank after the financial services firm missed quarterly estimates as asset management revenue plunged.  

Gaining from the new tariffs were retailers that sell auto parts to consumers. Shares of O'Reilly Automotive (ORLY) and AutoZone (AZO) jumped.

Also higher were shares of Tesla (TSLA), as the electric vehicle (EV) 🅰maker is expected to benefit fromℱ the tariffs making foreign-made EVs less affordable.

Dollar Tree (DLTR) shares took off for a second day after the discount retailer sold its struggling Family Dollar stores to a pair of 澳洲幸运5官方开奖结果体彩网:private-equity firms for $1 billion. 

Oil and gold futures rose. The yield on the 10-year Treasury note was higher. The U.S. dollar advanced on the yen, but lost ground to the euro and pound. Bitcoin was up, while prices of other major cryptocurrencies were mostly lower.