Wall Street ends higher, rebounds in choppy trade ahead of Trump tariff plan
By David
French
Wed April 2, 2025 4:20 PM
On dour anticipation of today’s tariff announcement, all three indexes started in the red but then quickly started gaining ground, albeit very choppy, with the Dow and Nasdaq once again in 3-digit gains by close. Trump did not deliver the tariff news until about an hour after the markets closed and, hedging bets, investors were buying ahead of the news expecting a moderate approach. Also prompting the buying was reported news that Trump may be phasing out Musk’s role sooner than expected.
The consensus was that if Trump announced a measured approach, it would help boost the market. But if it was yet another arbitrary stream of sweeping tariffs with unintended consequences, the reaction could well be extreme in the negative. Indeed, Trump’s remarks were of the latter nature which immediately sent the index futures into a huge freefall suggesting that investors expect tomorrow to be a very bad day. At 15.94 billion, volume was in line with the 4-week average of 15.86 billion.
DJ: 41,989.96 -11.80 NAS: 17,449.89
+150.60 S&P: 5,633.07
+21.22 4/1
DJ: 42,225.32 +235.36 NAS: 17,601.05
+151.16 S&P: 5,670.97
+37.90 4/2
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