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Stocks Rebound Ahead of President Trump’s Tariff Plans

  • Stocks rose ahead of President Donald Trump's tariff announcement, with the S&P 500 gaining 0.7% and the Nasdaq 100 rising 0.9%.
  • Tesla's shares fluctuated significantly, ending the day up 5.3% after initially dropping due to disappointing delivery numbers, aided by reports of Elon Musk stepping back from government duties.
  • Newsmax's stock fell 77.5% amid volatility, giving back gains after a strong debut.
  • Analysts at UBS Global Wealth Management expressed optimism that peak tariff uncertainty might soon be behind us.
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Zawya broke the news in on Wednesday, April 2, 2025.
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