U.S. financial markets fluctuated on Wednesday as investors awaited President Donald Trump’s announcement of new tariffs, which he referred to as “Liberation Day.” The tariffs are expected to focus on promoting domestic manufacturing and addressing trade imbalances, though details remain unclear.
The S&P 500 saw early declines but later stabilized, while the Dow Jones Industrial Average rose by 28 points. The Nasdaq Composite, however, fell by 0.1%. Investors remain cautious as they assess the potential economic impact of the proposed trade measures.
Concerns have been raised about how the tariffs could affect global trade, with some analysts warning of possible inflationary pressures and slower economic growth. European markets saw declines in response, while Asian markets had mixed results.
In corporate news, Tesla’s shares dropped 3% following reports of lower electric vehicle deliveries. Meanwhile, airline stocks saw a modest recovery.
Despite market uncertainty, labor market data from the ADP Research Institute showed stronger-than-expected job growth for March, indicating continued resilience in U.S. employment trends.