Wall Street closes up, rebounds in choppy trade ahead of Trump tariff plan

Record ID: 1987853

  • Title: Wall Street closes up, rebounds in choppy trade ahead of Trump tariff plan
  • Date: 2nd April 2025
  • Summary: GRANITE BAY, CALIFORNIA, UNITED STATES (APRIL 2, 2025) (REUTERS) (SOUNDBITE) (English) CHIEF INVESTMENT OFFICER FOR ABOUND FINANCIAL, DAVID LAUT, SAYING: "Stocks have been up the last couple days anticipating the president's remarks this afternoon. And even if we have the clearing event that many people anticipate could happen, meaning that we'll get clarity on how tariffs
  • Embargoed:
  • Keywords: Trump Wall Street stocks tariffs
  • Location: VARIOUS
  • City: VARIOUS
  • Country: US
  • Topics: Economic Events,North America,Equities Markets
  • Reuters ID: LVA002372802042025RP1
  • Aspect Ratio: 16:9
  • Story Text: U.S. stock indexes closed higher after a choppy trading session on Wednesday (April 2), falling early and then rebounding as investors made last-minute bets to position themselves ahead of U.S. President Donald Trump's sweeping tariff announcements due later in the day.
    Volatility has gripped U.S. markets in recent weeks as investors speculated about the scope of tariffs and their impact on the global economy, inflation and corporate earnings.
    The CBOE Volatility Index, known as Wall Street's fear gauge, has remained for the last three sessions around a level last seen in mid-March.
    Some tariffs, including on steel, aluminum and autos, have already been announced, although the main thrust of Trump's tariff policy is set to be unveiled during a White House Rose Garden ceremony scheduled for 4 p.m. ET (2000 GMT).
    Investors are watching for greater details on what specifically will attract tariffs as well as for the process for implementing them. Reports have indicated Trump was considering a 20% universal tariff.
    The S&P 500 gained 37.90 points, or 0.67%, to end at 5,670.97 points, while the Nasdaq Composite gained 151.16 points, or 0.87%, to 17,601.05. The Dow Jones Industrial Average rose 235.36 points, or 0.56%, to 42,225.32.
    (Production: Brendan McDermid, Lisa Bernhard, Roselle Chen)
  • Copyright Holder: REUTERS
  • Copyright Notice: (c) Copyright Thomson Reuters 2025. Open For Restrictions - http://about.reuters.com/fulllegal.asp
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