US stocks edged lower Tuesday, a day before President Donald Trump’s pledged unveiling of sweeping tariffs to address what he called unfair trade imbalances with allies and adversaries alike.
Traders are nervously preparing for April 2, which Trump has dubbed “liberation day.”
The Republican president has not provided much in the way of details about the targets of the expected reciprocal measures, or their size.
Traders are nervously preparing for April 2, which Trump has dubbed “liberation day.”
The Republican president has not provided much in the way of details about the targets of the expected reciprocal measures, or their size.
Shortly after markets opened, the Dow Jones Industrial Average was down 0.5 percent at 41,785.60.
The broad-based S&P 500 Index fell 0.4 percent to trade at 5,588.74, and the tech-focused Nasdaq Composite Index slipped 0.4 percent to 17,222.90.
The slide on Wall Street comes a day after the S&P 500 and the Nasdaq recorded their worst quarter since 2022.
“The market’s going to wait on the sidelines, remain defensive and remain under pressure,” B. Riley Wealth Management’s Art Hogan told AFP.
“I don’t think the market’s going to change its approach unless and until it…
