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Updated Tue, Apr 1, 2025, 6:35 AM 1 min read
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US stocks retreated connected Tuesday arsenic investors cautiously counted down to President Trump's highly anticipated "Liberation Day" rollout of sweeping caller reciprocal tariffs.
Shortly aft the opening bell, the S&P 500 (^GSPC), Dow Jones Industrial Average (^DJI) and tech-heavy Nasdaq Composite (^IXIC) each dropped astir 0.4%
While the S&P 500 rebounded connected Monday, it inactive ended a brutal March adjacent its lows of the year. The wide benchmark wrapped up its worst archetypal 4th successful 3 years acknowledgment to trade-war fears — though Wall Street sees much ingrained risks to banal performance.
SNP - Free Realtime Quote USD
As of 9:41:21 AM EDT. Market Open.
^GSPC ^IXIC ^DJI
Markets are inactive successful the acheronian arsenic to what Trump volition denote erstwhile helium unveils his plans for like-for-like tariffs connected Wednesday afternoon. The president's aggregate U-turns successful tariff hints person kept investors turning successful circles, with stocks jumping oregon sinking arsenic prospects for much constricted duties ebbed and rose.
The large question is whether the US volition enforce a broad reciprocal tariff connected each trading partners, oregon volition tailor the complaint levied to circumstantial countries. What is beauteous definite is the effectual US tariff complaint is apt to scope its highest level since astatine slightest the 1940s, analysts accidental — putting unit connected a US system already grappling with slowing maturation and stubborn inflation.
Read more: The latest connected Trump's tariffs
Elsewehere, a JOLTS update connected February's jobs openings owed aboriginal volition service arsenic a lead-in to Friday's important monthly jobs reading. Investors are watching for signs of cracks successful the labour market, which has truthful acold shown capable resilience to easiness Wall Street's worries astir recession.
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Stocks autumn arsenic investors brace for "Liberation Day"
US stocks fell crossed the committee connected Tuesday, with each 3 large indexes retreating astir 0.4% astatine the marketplace open.
Investors are counting down to President Trump's tariff-fueled "Liberation Day," acceptable for Wednesday, erstwhile sweeping caller reciprocal tariffs volition beryllium announced.
DJI - Free Realtime Quote USD
As of 9:41:21 AM EDT. Market Open.
^DJI ^IXIC ^GSPC
RBC rates Microsoft banal arsenic a apical pick
RBC Capital Markets expert Rishi Jaluria added Microsoft (MSFT) to his "Top Picks" database connected Tuesday. Jaluria has an Outperform standing and $500 terms people connected the stock.
Yahoo Finance's Brian Sozzi reports:
Read much here.
Premarket trending tickers: Newsmax, J&J, Lucid, PVH
Newsmax (NMAX) shares roseate 26% successful premarket trading, continuing a searing rally for the banal arsenic it heads into its 2nd time of trading. The blimpish media outlet's archetypal nationalist offering (IPO) connected Monday drew a question of retail investors and the banal was repeatedly halted for volatility arsenic it soared 735%.
Johnson & Johnson (JNJ) stock fell 3.6% aft a US justice rejected the company's $10 cardinal connection to resoluteness lawsuits linking babe pulverization and different talc products to ovarian cancer. It marked the 3rd clip Johnson & Johnson tried to debar aboriginal claims done a bankruptcy strategy.
Lucid (LCID) shares were somewhat higher successful premarket trading aft the company’s 2nd product, the Gravity SUV, went connected sale. Interim CEO Marc Winterhoff told Yahoo Finance’s Pras Subramanian that the EV shaper is providing customers with an alternate to Tesla (TSLA), whose 4th was clouded by dampened demand, tariff concerns, and protests implicit CEO Elon Musk's relation successful government. Still, Tesla banal roseate much than 1% contempt falling income successful Europe.
PVH (PVH) stock jumped 15% aft the Calvin Klein and Tommy Hilfiger proprietor reported a income outlook of "modest growth" that bushed Wall Street's expectations. Solid vacation income helped stabilize the business, though executives noted it's inactive contending with a tougher user backdrop.
Good morning. Here's what's happening today.
The cardinal risks that drove the S&P 500's worst archetypal 4th successful 3 years aren't going away
Yahoo Finance's Josh Schafer reports:
SNP - Free Realtime Quote USD
As of 9:41:21 AM EDT. Market Open.
Read much here.
Gold hits ATH successful 4th consecutive time of grounds highs
Gold (GC=F) has continued a grounds tally aft mounting a caller precocious for the 4th time successful a enactment connected Tuesday. Concerns implicit the economical interaction of President Donald Trump's tariffs owed connected April 2 person pushed request for safe-haven assets.
Reuters reports:
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