Dow surges 500 points after Trump car tariffs delayed: ‘We are on the tariff roller coaster'
1. S&P 500 gained 1.2% after auto tariffs delay announcement. 2. Carmaker stocks surged: Ford up 4.8%, GM up 6.2%. 3. Tariffs uncertainty continues to pressure markets; Fed rate cuts anticipated. 4. Services sector shows unexpected growth, tempered by rising input prices. 5. Investors sold riskier stocks fearing economic slowdown and inflation.