{"id":131964,"date":"2025-03-31T14:42:58","date_gmt":"2025-03-31T14:42:58","guid":{"rendered":"https:\/\/quixnet.net\/wpinstance\/stock-market-today-wall-street-falls-again-as-markets-gird-for-another-round-of-trump-tariffs-the-associated-press\/"},"modified":"2025-03-31T14:42:58","modified_gmt":"2025-03-31T14:42:58","slug":"stock-market-today-wall-street-falls-again-as-markets-gird-for-another-round-of-trump-tariffs-the-associated-press","status":"publish","type":"post","link":"https:\/\/quixnet.net\/wpinstance\/stock-market-today-wall-street-falls-again-as-markets-gird-for-another-round-of-trump-tariffs-the-associated-press\/","title":{"rendered":"Stock market today: Wall Street falls again as markets gird for another round of Trump tariffs – The Associated Press"},"content":{"rendered":"

Copyright 2025 The Associated Press. All Rights Reserved.
The New York Stock Exchange is seen in New York, Wednesday, Jan. 29, 2025. (AP Photo\/Seth Wenig, File)
NEW YORK (AP) \u2014 President Donald Trump\u2019s<\/a><\/span> \u201cLiberation Day\u201d is fast approaching, and stock markets from Wall Street to Wellington, New Zealand, are falling Monday in advance of it.
In New York, the S&P 500 was down 0.8% following one of its worst losses<\/a><\/span> of the past couple of years on Friday. It\u2019s on track to finish the first three months of the year with a loss of 5.9%, which could make this its worst quarter in nearly three years<\/a><\/span>.
The Dow Jones Industrial Average was down 111 points, or 0.3%, as of 10:10 a.m. Eastern time, and the Nasdaq composite was 1.7% lower.
The U.S. stock market\u2019s drops followed a sell-off that spanned the world earlier Monday as worries build that tariffs<\/a><\/span> coming Wednesday from Trump will worsen inflation<\/a><\/span> and grind down growth<\/a><\/span> for economies. Trump has said he\u2019s plowing ahead in part because he wants more manufacturing jobs back in the United States.
In Japan, the Nikkei 225 index dropped 4%. South Korea\u2019s Kospi sank 3%, and France\u2019s CAC 40 fell 1.6%. In New Zealand, the NZX 50 slipped a more modest 0.1%.
Instead of stocks, which can be some of the riskiest possible investments, prices strengthened for things considered safer bets when the economy is looking shaky. Gold<\/a><\/span> rose again to briefly crest $3,160 per ounce and was heading toward another record.
Prices for Treasury bonds also climbed, which in turn sent their yields down. The yield on the 10-year Treasury fell to 4.21% from 4.27% late Friday and from roughly 4.80% in January. It\u2019s been falling as worries build about tariffs. On Wednesday, the United States is set to begin what Trump calls \u201creciprocal\u201d tariffs, which will be tailored to match what he sees is the burden each country places on his, including things like value-added taxes. <\/p>\n

Much is still unknown, including exactly what the U.S. government will do on \u201cLiberation Day.\u201d At Goldman Sachs, economists expect Trump to announce an average 15% reciprocal tariff. They also raised their forecast for inflation and lowered it for U.S. economic growth for the end of the year.
Altogether, they now see a 35% chance of recession in the next year, up from an earlier forecast of 20%, \u201creflecting our lower growth forecast, falling confidence, and statements from White House officials indicating willingness to tolerate economic pain,\u201d according to Goldman Sachs economist David Mericle.
If the April 2 tariffs end up being less onerous than investors fear \u2014 maybe Trump includes no additional tariff increases on China, for example \u2014 stocks could rally. But if they end up being a worst-case scenario, which also gets businesses so fearful that they start cutting their workforces, something that hasn\u2019t happened so far, stocks could sink much further.
Of course, there\u2019s also the chance that April 2 does little to clear the uncertainty. It could end up being merely a \u201cstepping stone for further negotiations\u201d instead of a big \u201cclearing event\u201d for the market, according to Michael Wilson and other strategists at Morgan Stanley.
\u201cThis means policy uncertainty and growth risks are likely to persist \u2014 it\u2019s a question of to what degree,\u201d Wilson wrote in a report.
One worry is that even if Trump\u2019s tariffs end up being less harsh than feared, all the uncertainty created by them could alone cause U.S. households<\/a><\/span> and businesses to freeze their spending<\/a><\/span>, which would hurt an economy that had been running at a solid pace at the close of last year.
Either way, some familiar names were leading the way downward on Wall Street Monday.
Tesla fell 5.2% to bring its loss for the year so far to 38.1%. It\u2019s been one of the worst performers in the S&P 500 so far this year in large part because of fears that the electric-vehicle maker\u2019s brand has become too intertwined with its CEO<\/a><\/span>, Elon Musk.
Musk has been leading U.S. government efforts to cut spending<\/a><\/span>, making him a target of growing political anger, and protests have been swarming Tesla showrooms as a result.
It\u2019s a sharp drop-off following a surge of roughly 90% in the weeks following November\u2019s Election Day, when the thought was that Musk\u2019s close relationship with Trump could help the company\u2019s finances. Tesla\u2019s stock is roughly back to where it was on Nov. 5.
Other Big Tech stocks also helped to pull the market lower. They\u2019ve been at the center of the recent sell-off in large part because of criticism that their stock prices had become too expensive. Critics pointed to how their prices rose much faster than their already quick-growing profits in recent years.
Nvidia<\/a><\/span>, which has ridden the frenzy around artificial-intelligence<\/a><\/span> technology to become one of Wall Street\u2019s most influential stocks, fell 4% to bring its loss for the year so far to 21.6%.
Stocks of companies that need customers feeling flush enough to spend were also among Monday\u2019s worst performers, as they\u2019ve been so far this year.
United Airlines lost 6.5%, and Delta Air Lines gave up 4.5%.
On the winning side of Wall Street was Mr. Cooper, which jumped 16.1% after the home loan servicer said it\u2019s being bought by mortgage company Rocket in an all-stock deal valued at $9.4 billion<\/a><\/span>. The deal comes just weeks after Rocket acquired real estate listing company Redfin<\/a><\/span>, and Rocket\u2019s stock fell 7.3%.
In stock markets abroad, Thailand\u2019s SET lost 1.5% after a powerful earthquake<\/a><\/span> centered in Myanmar rattled the region, causing widespread destruction in the country, also known as Burma, and less damage in places like Bangkok.
Shares in Italian Thai Development, developer of a partially built 30-story high-rise office building under construction that collapsed, tumbled 26.9%. Thai officials said they are investigating the cause of the disaster, which left dozens of construction workers missing.
AP Writers Junzhe Jiang and Matt Ott contributed. <\/p>\n

Copyright 2025 The Associated Press. All Rights Reserved.<\/p>\n

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Copyright 2025 The Associated Press. All Rights Reserved.The New York Stock Exchange is seen in New York, Wednesday, Jan. 29, 2025. (AP Photo\/Seth Wenig, File)NEW YORK (AP) \u2014 President Donald Trump\u2019s \u201cLiberation Day\u201d is fast approaching, and stock markets from Wall Street to Wellington, New Zealand, are falling Monday in advance of it. In New […]<\/p>\n","protected":false},"author":1,"featured_media":131965,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[10],"tags":[],"class_list":["post-131964","post","type-post","status-publish","format-standard","has-post-thumbnail","category-world","entry"],"_links":{"self":[{"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/posts\/131964","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/comments?post=131964"}],"version-history":[{"count":0,"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/posts\/131964\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/media\/131965"}],"wp:attachment":[{"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/media?parent=131964"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/categories?post=131964"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/tags?post=131964"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}