Stock market today: Wall Street drifts as auto tariffs hurt GM, help Tesla and others

News Snapshot:

NEW YORK (AP) — Wall Street got pulled in opposite directions as President Donald Trump’s latest tariff escalation created winners and losers among auto stocks, while better-than-expected data on the economy helped support the market. The S&P 500 fell 0.3% Thursday after drifting between small gains and losses through the day. The Dow Jones Industrial Average lost 0.4%, and the Nasdaq composite fell 0.5%. General Motors sank sharply after Trump announced 25% tariffs on imported cars. Foreign automakers likewise fell, but Tesla and Rivian rallied. Treasury yields held steady following better-than-expected reports on joblessness and the overall U.S. economy. THIS...