The tech-heavy Nasdaq index dipped 0.7% shortly after market open. Leading the losses was an 8% drop for Google parent Alphabet, a slide which erased as much as $211 billion in market value after the company’s earnings report revealed weaker Q4 revenues than consensus analyst forecasts and far higher 2025 spending guidance than anticipated,

Wall Street shifted lower in early trading Wednesday as markets took in more corporate earnings reports while considering the impact of tariffs being imposed by the United States and China.

Trump's imposition of tariffs on imports from China, Mexico and Canada rattled markets, with shares of media companies falling lower.

Tech hardware stocks tumbled Monday after President Trump instituted tariffs on goods imported from Canada, Mexico and China.

Calm returned to Wall Street Tuesday, and tech stocks led U.S. indexes higher following a strong profit report from Palantir Technologies, a darling benefiting from the artificial-intelligence boom. The S&P 500 rose 0.

The stock market opened with steep losses Monday in the wake of President Donald Trump's aggressive new tariffs on Canadian, Mexican and Chinese goods.