02.04.202518:20:57UTC+00US Stocks Gain Ground as Investors Eye Trump’s Trade Policy

On Wednesday, U.S. stocks experienced a rebound amidst a volatile trading session, as Wall Street anticipated President Donald Trump's tariff announcement. The S&P 500 rose by 0.2%, the Nasdaq 100 gained 0.4%, and the Dow Jones increased by 70 points, recovering from an earlier decline of over 1%. Tesla's shares saw a 5% surge, recovering from initial losses due to weak quarterly deliveries, following reports that Elon Musk may resign from his advisory position within the administration. Investor sentiment remained tense due to uncertainties regarding the tariffs, which heightened fears of a potential trade war, as reports suggested Trump was contemplating broad 20% tariffs on imports. The White House confirmed that the tariffs would be enacted immediately following the official announcement at 4 p.m. ET. Meanwhile, the yield on the 10-year Treasury note rose to 4.16% as markets assessed the economic consequences. With market volatility continuing, investors shifted their focus to the upcoming March jobs report for further insights into the health of the U.S. economy.