[Chart courtesy of MarketWatch.com] The equity markets remained steady in early trading despite a weak opening, as the dollar and major global currencies stayed within tight ranges ahead of Trump’s tariff announcement at 4 pm today. April 2nd has been declared “Liberation Day,” with reciprocal tariffs on countries imposing duties on U.S. goods taking immediate effect after the announcement. Traders …
Indexes Recover Despite Early Pullback And Tariff Concerns
[Chart courtesy of MarketWatch.com] Equities pulled back early as traders anxiously awaited more clarity from Trump regarding his tariff policy rollout tomorrow. Additional market pressure came from weak economic data, with manufacturing moving into contraction territory (stagflation) and job openings falling slightly below estimates, supporting the early pullback. However, this downturn was temporary. Bullish sentiment helped the major indexes recover, …
Wall Street Recovers Amid Tariff Concerns; Gold Sets New Record
[Chart courtesy of MarketWatch.com] Nervousness and uncertainty dominated Wall Street early on, with equities selling off ahead of Trump’s tariff rollout on April 2nd. However, bullish sentiment returned by midday, allowing the major indexes to recover and close in the green, except for the Nasdaq, which remained slightly in the red. The tariff announcement included reciprocal duties targeting countries that …
ETF Tracker Newsletter For March 28, 2025
ETF Tracker StatSheet You can view the latest version here. TARIFF WORRIES AND INFLATION DATA DRIVE MARKETS DOWN; GOLD SHINES [Chart courtesy of MarketWatch.com] Uncertainty about upcoming tariffs and the latest key inflation data pulled the markets into the red early on, with the downward trend accelerating throughout the session. All major indexes have now set the unfortunate record …
Gold Shines Amid Market Volatility And Tariff Uncertainty
[Chart courtesy of MarketWatch.com] The markets opened in the red, but early positive sentiment helped the major indexes recover and cross into positive territory. However, this rebound was short-lived, and the indexes ultimately reversed to end with moderate losses. Traders were focused on Trump’s latest 25% tariff on foreign automakers, which led to declines in U.S. carmakers: GM fell over …
Market Retreats Amid Tariff Uncertainty And Negative AI News
[Chart courtesy of MarketWatch.com] The S&P 500 and the tech sector faced early pressure and retreated as traders grappled with uncertainties surrounding tariff threats and negative news about AI and data centers. Inflation and concerns about a potential economic slowdown, with the April 2nd tariff implementation looming, were dampening bullish sentiment. Although Trump indicated that the tariffs might be more …