{"id":131998,"date":"2025-03-31T21:46:59","date_gmt":"2025-03-31T21:46:59","guid":{"rendered":"https:\/\/quixnet.net\/wpinstance\/wall-street-swings-again-as-the-approach-of-trumps-liberation-day-wallops-stock-markets-worldwide-ap-news\/"},"modified":"2025-03-31T21:46:59","modified_gmt":"2025-03-31T21:46:59","slug":"wall-street-swings-again-as-the-approach-of-trumps-liberation-day-wallops-stock-markets-worldwide-ap-news","status":"publish","type":"post","link":"https:\/\/quixnet.net\/wpinstance\/wall-street-swings-again-as-the-approach-of-trumps-liberation-day-wallops-stock-markets-worldwide-ap-news\/","title":{"rendered":"Wall Street swings again as the approach of Trump's 'Liberation Day' wallops stock markets worldwide – AP News"},"content":{"rendered":"

Copyright 2025 The Associated Press. All Rights Reserved.
A person works on the floor at the New York Stock Exchange in New York, Monday, March 31, 2025. (AP Photo\/Seth Wenig)
People work on the floor at the New York Stock Exchange in New York, Monday, March 31, 2025. (AP Photo\/Seth Wenig)
People work on the floor at the New York Stock Exchange in New York, Monday, March 31, 2025. (AP Photo\/Seth Wenig)
A person works on the floor at the New York Stock Exchange in New York, Monday, March 31, 2025. (AP Photo\/Seth Wenig)
A person works on the floor at the New York Stock Exchange in New York, Monday, March 31, 2025. (AP Photo\/Seth Wenig)
People work on the floor at the New York Stock Exchange in New York, Monday, March 31, 2025. (AP Photo\/Seth Wenig)
People work on the floor at the New York Stock Exchange in New York, Monday, March 31, 2025. (AP Photo\/Seth Wenig)
People work on the floor at the New York Stock Exchange in New York, Monday, March 31, 2025. (AP Photo\/Seth Wenig)
People work on the floor at the New York Stock Exchange in New York, Monday, March 31, 2025. (AP Photo\/Seth Wenig)
NEW YORK (AP) \u2014 President Donald Trump\u2019s<\/a><\/span> fast-approaching \u201cLiberation Day\u201d<\/a><\/span> sent stock markets swinging sharply worldwide on Monday.<\/p>\n

On Wall Street, the S&P 500 rose 0.6% in another roller-coaster day, after being down as much as 1.7% during the morning. The reversal helped the index shave its loss for the first three months of the year to 4.6%, making it the worst quarter in two-and-a-half years<\/a><\/span>.<\/p>\n

The Dow Jones Industrial Average also swerved higher after erasing an initial loss, and it climbed 417 points, or 1%. Slides for Tesla, Nvidia and other influential Big Tech stocks, though, sent the Nasdaq composite down 0.1%.
A person works on the floor at the New York Stock Exchange in New York, Monday, March 31, 2025. (AP Photo\/Seth Wenig)
A person works on the floor at the New York Stock Exchange in New York, Monday, March 31, 2025. (AP Photo\/Seth Wenig)<\/p>\n

Such neck-twisting turns have become routine for the U.S. stock market recently because of uncertainty about what Trump will do with tariffs<\/a><\/span> \u2014 and by how much they will worsen inflation<\/a><\/span> and grind down growth<\/a><\/span> for economies. Wall Street\u2019s swings followed a sell-off that spanned the world earlier Monday as worries built about the effects of the tariffs that Trump says will bring manufacturing jobs back to the United States.<\/p>\n

In Japan, the Nikkei 225 index dropped 4%. South Korea\u2019s Kospi sank 3%, and France\u2019s CAC 40 fell 1.6%. <\/p>\n

Instead of stocks, 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.<\/p>\n

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. <\/p>\n

On Wednesday, the United States is set to begin what Trump calls \u201c reciprocal<\/a><\/span> \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. Much is still unknown, including exactly what the U.S. government will do on \u201cLiberation Day.\u201d <\/p>\n

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.<\/p>\n

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. <\/p>\n

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 gets businesses so fearful that they start cutting their workforces, stocks could sink much further.
Markets moved higher after Friday\u2019s losses. More from AP\u2019s Seth Sutel. <\/p>\n

Of course, there\u2019s also the chance that April 2 does little to clear the uncertainty. It could end up being a \u201cstepping stone for further negotiations\u201d instead of a \u201cclearing event\u201d for the market, according to Michael Wilson and other strategists at Morgan Stanley.<\/p>\n

People work on the floor at the New York Stock Exchange in New York, Monday, March 31, 2025. (AP Photo\/Seth Wenig)
People work on the floor at the New York Stock Exchange in New York, Monday, March 31, 2025. (AP Photo\/Seth Wenig)<\/p>\n

\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. <\/p>\n

One worry is that even if Trump\u2019s tariffs end up being less harsh than feared, all the uncertainty created by them alone could 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 to close last year.<\/p>\n

Either way, some familiar names were among Wall Street\u2019s hardest hit on Monday. <\/p>\n

Tesla fell 1.7% to bring its loss for the year so far to 35.8%. It\u2019s been one of the year\u2019s worst performers in the S&P 500 in large part because of fears that the electric-vehicle maker\u2019s brand has become too intertwined with its CEO<\/a><\/span>, Elon Musk.<\/p>\n

Musk has been leading U.S. government efforts to cut spending<\/a><\/span>, making him a target of growing political anger, and protests have swarmed Tesla showrooms as a result. <\/p>\n

Other Big Tech stocks also struggled. They\u2019ve been at the sell-off\u2019s center in large part because of criticism that their stock prices had become too expensive. Critics pointed to how their prices rose faster than their already quick-growing profits in recent years. <\/p>\n

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 1.2% to bring its loss for the year so far to 19.3%. <\/p>\n

On the winning side of Wall Street was Mr. Cooper, which jumped 14.5% 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 7.4%.<\/p>\n

Warren Buffett\u2019s Berkshire Hathaway rose 1.2% and was one of the strongest forces lifting the S&P 500. The parent of GEICO and other companies said earlier this year it\u2019s sitting on $334.2 billion in unused cash. Such a large amount could indicate Buffett, who\u2019s famous for buying when prices are low, may see little worth purchasing in a stock market that critics had called too expensive.<\/p>\n

Newsmax surged 735% in a dizzying first day of trading for the stock of the news company. Its price was so volatile that trading of its stock was briefly halted a dozen times through the day. <\/p>\n

All told, the S&P 500 rose 30.91 points to 5,611.85. The Dow Jones Industrial Average climbed 417.86 to 42,001.76, and the Nasdaq composite fell 23.70 to 17,299.29.<\/p>\n

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.A person works on the floor at the New York Stock Exchange in New York, Monday, March 31, 2025. (AP Photo\/Seth Wenig)People work on the floor at the New York Stock Exchange in New York, Monday, March 31, 2025. (AP Photo\/Seth Wenig)People work on the floor at the […]<\/p>\n","protected":false},"author":1,"featured_media":131999,"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-131998","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\/131998","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=131998"}],"version-history":[{"count":0,"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/posts\/131998\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/media\/131999"}],"wp:attachment":[{"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/media?parent=131998"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/categories?post=131998"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/tags?post=131998"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}