Wall St ends higher, dollar rises as Trump signals tariff respite
By Stephen
Culp
Fri March 21, 2025 4:46 PM
The day started with the usual morning terrors with all the indexes way down on tariff and other economic fears, the Dow down over 500 points by 10 a.m. But then the market started to climb and continued the climb all day, very likely because of Trump once again giving the hint that he may not be as strict with the April 2nd tariffs after all. But the consensus remains that the gains would have been stronger except for weakness in the sensitive sectors which are strongly impacted by uncertainty.
Today’s expert said it again, “The number of factors that have the potential to impact investor sentiment has risen and this is fueling uncertainty.” Among the turmoil is the huge fire at Heathrow Airport, the Turkish president jailing his main political rival, and Germany about to pass a massive fiscal stimulus package. The Fed has once again held rates steady as has Japan and England. Coming next week will be reports on housing, industrial, PCE, and a final take on Q4 GDP. Though in a teeter totter and wait-and-see stance, the three indexes did register weekly gains. Per the CBOE, volume came in at 21.2 billion, way above the 15.4 billion average. (Was this another instance of triple-witching?)
DJ: 41,953.32 -11.31 NAS: 17,691.63
-59.16 S&P: 5,662.89
-12.40 3/20
DJ: 41,985.35 +32.02 NAS: 17,784.05
+92.42 S&P: 5,667.56
+4.67 3/21
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