Live Nasdaq Composite: ORLY Rises, GM Sinks in Market Chaos

The markets remain under pressure and fixated on the latest auto tariffs. All three of the major stock market averages – the Dow Jones Industrial Average, Nasdaq Composite and S&P 500 – started out of the gate in the red today. President Trump is sticking to his commitment to a 25% tariff on autos not made in the U.S., pressuring the sector and catapulting the price of gold higher to almost revisiting record levels of over $3,050 per ounce. In a sector overview, consumer staple stocks are faring the best with fractional gains while technology is at the bottom of the heap today.

Gold miners Newmont Mining (NYSE: NEM) and Barrick Gold (NYSE: GOLD) are up 1% and 0.50%, respectively.

Auto stocks General Motors (NYSE: GM), Stellantis (NYSE: STLA) are down sharply, while Ford (NYSE: F) stock has just widened its declines to 3%.

Here’s a look at the performance as of morning trading:

Dow Jones Industrial Average: Down 165.64 (-0.43%)
Nasdaq Composite: Down 103.37 (-0.57%)
S&P 500: Down 27.32 (-0.53%)

Market Movers

Tesla (Nasdaq: TSLA) shares are rising 2.8% on the day, bucking the downward trend in the sector despite what Elon Musk has described as a “significant” effect on the company from the auto tariffs. Chinese automaker Nio (NYSE: NIO) is falling 5% in early morning trading.

O’Reilly Auto (Nasdaq: ORLY) is bucking the downward trend, rising over 2% and setting a new all-time high in this environment. AutoZone (NYSE: AZO) are up 2% this morning, inching closer to 52-week high levels.

Cybersecurity stock Palo Alto Networks (Nasdaq: PANW) is falling 3% on the day after inking a partnership deal with the National Hockey League (NHL).

Semiconductor stock Marvell Technology (Nasdaq: MRVL) is falling 2% on the day and is nearing 52-week low levels. The CEO has recently been buying up shares.

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