U.S. stocks experienced significant volatility as President Trump prepared to unveil drastic tariffs termed 'Liberation Day,' potentially reshaping global trade dynamics. The S&P 500, while finishing the day up 0.7%, saw large fluctuations, dropping and recovering multiple times within the trading session. Similarly, Tesla's stock reacted sharply, initially falling after disappointing vehicle delivery numbers but rebounding to a 5.3% increase amid speculation about Musk's reduced government role. Overall, the day's trading underscored the uncertainty gripping markets as Trump's tariff decisions loom on the horizon, with risk of igniting a global trade war.
U.S. stocks exhibited volatility ahead of President Trump's 'Liberation Day' tariffs announcement, with the S&P 500 experiencing wild swings before settling higher.
Elon Musk's Tesla stock fluctuated significantly as investor concerns over delivery numbers collided with optimism about Musk stepping back from government duties.
Global financial markets are on edge over Trump's tariff announcements, indicating that major shifts in trade policy could trigger a broader economic impact.
The unveiling of tariffs could signal potential beginnings of a global trade conflict, sparking worries among investors about future market stability.
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