Stocks see wild swings in run-up to Trump’s tariff roll-out
- Global markets experienced a renewed wave of volatility ahead of US President Donald Trump's tariff roll-out, with stocks swinging wildly on Monday, April 1, 2025.
- The market volatility was fueled by the Trump administration's mixed messaging on new tariffs, leaving equities traders flustered and trying to position themselves around the biggest risk confronting the market in years.
- On Friday, the Dow Jones closed at 41,583.90, the S&P 500 closed at 5,580.94 after falling 1.97%, and the Nasdaq Composite closed at 17,322.99 after tumbling 2.70%, with consumer discretionary, communication services, and information technology stocks recording the biggest losses, while energy producers joined a rally in oil.
- A spokesperson announced that the new tariffs would be 'country-based', with the president 'committed' to implementing sectoral duties at another time, while Max Gokhman of Franklin Templeton Investment Solutions stated that 'Trump's so-called liberation day may feel more like a sentencing day for traders and CEOs alike, as they wait to hear just how tough tariffs may get'.
- The CNN Money Fear and Greed Index moved to the 'Extreme Fear' zone with a reading of 21.9, reflecting increased investor anxiety following the University of Michigan Survey of Consumers showing 5-year forward inflation expectations jumping to 4.1%, the highest reading since February 1993, and BlackRock Inc. CEO Larry Fink noted that 'People are more anxious about the economy than any time in recent memory', highlighting the uncertainty's impact.
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‘Frustration and fatigue’ hit stock traders in run-up to tariffs
The Trump administration’s mixed messaging on what new tariffs will be unveiled Wednesday and how they’ll announce them have equities traders flustered as they try to position around the biggest risk confronting the market in years.
·Spokane, United States
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