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Here are some of the top stories moving the markets Wednesday afternoon.
President Trump is set to unveil the details of his auto tariff plan later today.
Chewy (CHWY) reported fourth quarter results that were better than Wall Street had been expecting.
Paychex (PAYX) shares are rising on better-than-expected Q3 earnings.
Stay up to date on the latest market action, minute-by-minute, with Yahoo Finance's Market Minute.
It's time for Yahoo! Finance's market minute. Stocks are falling ahead of a new tariff announcement this afternoon. In particular, automakers are under pressure. President Trump scheduled to hold a press conference at 4:00 p.m. Washington time, at which he'll announce details of auto tariffs. The scale and scope of these levies is unknown for now. This comes ahead of a broad array of additional tariffs to be revealed next week on April 2nd. Chewy beating out expectations for fourth quarter net sales and adjusted EBITDA. The online pet products retailer also forecasting better than expected net sales for the first quarter. Analysts welcoming Chewy's growth in active customers. And Paychex shares rising as the company's third quarter results broadly come in line with expectations. TD Cowen saying Paychex's sustained overall growth is intact. And that's your Yahoo! Finance market minute. For more on what's trending on Yahoo! Finance, scan the QR code below.
