Stocks turned mostly lower as trade worries overshadowed a report that U.S. inflation slowed more than expected in February. The Trump administration’s 25% tariffs on all steel and aluminum imports went into effect early Wednesday.

U.S. equities were mixed at midday as the markets weighed a better-than-expected report on inflation and more tariff news.

Stocks extended gains in premarket trading on Wednesday after an encouraging inflation report, indicating a possible rebound after the selloff on Monday and Tuesday. Dow Jones Industrial Average futures gained about 1%,

Tesla stock rises after tumbling 15% in Monday’s tech-led selloff, Verizon says it’s experiencing a ‘challenging’ quarter, Delta slashes its first-quarter earnings and revenue estimates, and Nucor rises after President Trump raises tariffs on Canadian steel and aluminum.