S&P, Nasdaq end higher as Wall Street gyrates in Trump-tariffs limbo
By David
French
Tue April 1, 2025 5:55 PM
There was all kind of erratic trading today with all indexes bouncing back and forth between black and red but closing near even except for the Nasdaq that enjoyed a healthy 3-digit gain. Tomorrow’s D-Day with all the markets bracing for whatever shock is coming, but there is at least some agreement that there will be at least a little more clarity after tomorrow which may help stabilize things a bit. Others are more skeptical, the overall backdrop expected to remain highly uncertain.
As today’s expert put it, “I don’t think we’re going to get the type of clarity that investors and business leaders want. At the end of the day, we spend a lot of time talking about tariffs, but the bigger story is we are dealing with an economy that is not firing on all cylinders.” (But we’re not firing on all cylinders because of the uncertainty created by the tariffs. The two are hardly mutually exclusive.) But today some of the big tech stocks like Amazon, Microsoft and Meta made some respectable gains between 1% and 2% after being beaten down throughout most of Q1. Volume came in at 15.09 billion, below the 4-week average of 15.83, again indicating fence sitting pending more clarity.
DJ: 42,001.76 +417.86 NAS: 17,299.29
-23.70 S&P: 5,611.85
+30.91 3/31
DJ: 41,989.96 -11.80 NAS: 17,449.89
+150.60 S&P: 5,633.07
+21.22 4/1
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