What to watch for today

🔹Stocks of major automakers are tumbling after Trump’s tariff announcement, which could add $10,000 to new car prices:

$GM (-6.5%), $F (-2.5%), $STLA (-2%) hit in premarket trading.

Toyota (-2%), Honda (-2%), Volkswagen (-1.5%) decline as global fears rise.

🔹 $NVDA is down ~2% premarket, after a 6% drop yesterday due to China’s new energy rules impacting AI chip sales. Stock has lost 25% from January highs over AI spending concerns.

🔹Goldman Sachs boosts gold target to $3,300/Oz.

Gold futures up 1.3%, as central banks & ETFs drive demand

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