Liberation Day, Stock Market
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As of mid-session on Wednesday, the Dow Jones Industrial Average and S&P 500 are both up 0.4 percent, while the Nasdaq Composite is up 0.6 percent.
From Newsweek
All three major stock indexes in the US plunged more than 5% on Friday, while the S&P 500 dropped almost 6% in the worst week for the US stock market since 2020.
From BBC
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2don MSN
Trump also slammed China, which retaliated against his sweeping tariff policy Friday with a new 34% tariff on U.S. goods.
President Trump will announce widespread tariffs on April 2, an event he’s referring to as “Liberation Day.” The fact that Liberation Day may determine what happens to stocks next has caught the attention of veteran analyst Tom Lee of FundStrat.
Viewers of CNBC’s broadcast of the president’s so-called “Liberation Day” speech could see this process unfolding live: the network showed the real-time after-hours stock prices for Apple (-4.5 percent), Nvidia (-3 percent), Nike (-5.7 percent), and many others on screen as Trump spoke, all of them dropping.
We rated Vertiv Holdings stock a "Buy" three weeks ago, far before the tariff threats were this dire. See why we now upgrade VRT to a strong buy.
Here are some notable moves across sectors in global markets, following President Trump’s “Liberation Day” tariffs. 🍾 Alcoholic drinks Some investors turned to drink: Scotch producer Diageo and Aperol maker Campari were among the few risers in Europe.