Stocks fell. The Nasdaq Composite, dragged down by Tesla, fell 0.8%. The S&P 500 slipped 0.5%, while the Dow Jones Industrial Average retreated 0.3%.

The Dow slipped, while the S&P 500 was flat and the Nasdaq was higher Wednesday. The stock market lost steam after the Federal Reserve's beige book signaled some pessimism.

The housing market remains constrained in 2025. Goldman said mortgage rates will stay elevated, raising its year-end target for the 30-year mortgage rate.

Trump’s tariffs and the global trade war continue to affect markets. Follow along for live updates on the Dow, S&P 500 and Nasdaq Composite.