Markets are on hold ahead of President Trump’s big tariff announcement.
The S&P 500 hovered around the flatline Wednesday. The yield on the 10-year Treasury bond retreated for the fourth day in a row to 4.14%, on pace for its lowest close since October. Gold prices rallied, sending the precious metal toward another all-time high.
Trump is due to announce the contours of a sweeping tariff plan in a 4 p.m. ET Rose Garden address. He has declared April 2 “Liberation Day” for U.S. trade policy.
The tariff fight has ignited worries about a slowdown in economic growth, driving a steep selloff in shares of small companies. After weeks of unease about how Trump’s tariff plan will shake out, and which industries they will reshape, investors and business leaders around the globe are hoping for more clarity.
Read more about where the tariffs stand here.
—By Gunjan Banerji and Karen Langley
S&P 500 – SPX (S&P US) – 5636.513.440.06%
DJIA – DJIA (Dow Jones Global) – 42042.9152.950.13%
Nasdaq – COMP (Nasdaq) – 17445.45-4.44
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