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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Stocks Rise Ahead of Trump Tariff Announcement
US stocks swung higher Wednesday ahead of President Trump's announcement of tariffs on what he calls "Liberation Day." The S&P 500 rose 0.7% Wednesday after eliminating an early loss of 1.1%. It's had a pattern this week of opening with sharp drops only to finish the day higher....
·Miami, United States
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