Wall Street is getting pulled in different directions as President Donald Trump’s latest tariff escalation creates winners and losers among auto stocks.

Wall Street stocks dipped on Thursday, as investors grappled with U.S. President Donald Trump's latest trade tariff announcement that hit shares of General Motors and Ford. Trump unveiled on Wednesday his plan to implement a 25% tariff on imported cars and light trucks effective on April 3,

Barclays strategists slashed their S&P 500 price target by more than 10% Wednesday, citing the potential for tariffs to cause a “material slowing” in economic activity.

Wall Street banker bonuses rose 31.5% to an average $244,700 last year as dealmaking rebounded, but the boom times may wane as economic uncertainty rises, New York State Comptroller Thomas DiNapoli said on Wednesday.

The average annual payout jumped 31% to $244,700.