U.S. stocks up on Trump’s Liberation Day after volatile day of trading

The U.S. stock market saw another upward swing Wednesday after some ups and downs throughout the day, repeating a pattern it exhibited Monday and Tuesday leading up to the president’s tariff announcement.

President Donald Trump is unveiling a host of reciprocal tariffs the U.S. will impose on imports late Wednesday afternoon, right after the market closes for the day.

At opening, the S&P 500, the Dow and the Nasdaq were all down from Tuesday. Each climbed from the morning to early afternoon, reaching a high point around 1 p.m., declining until around 3 p.m., and then rising again until 4 p.m. The indices all finished higher than Tuesday by 0.76% , 0.66% and 0.95%, respectively.

Investors can only speculate as to how the market will respond to the new tariffs. Trump has signed several executive orders concerning tariffs in his second term, including tariffs on steel and aluminum and imposing new tariffs on Canada, China and Mexico. In March, however, considering how some industries might be affected, Trump announced he would delay implementation of reciprocal tariffs until April 2.

He has called April 2 “Liberation Day” because his reciprocal tariffs are part of his plan to deliver Americans and American industry from the consequences of “unfair trade practices” he says have been levied against the U.S. for decades.

spot_img
spot_img

Hot this week

African and Caribbean Nations Call for Reparations for Slave Trade, Propose Global Fund

Nations across Africa and the Caribbean, deeply impacted by...

Sports betting expert offers advice on paying taxes for gambling winnings

(The Center Square) – Tax season is underway, and...

Health care company agrees to pay $22.5 million to settle claims of over billing

A health care company agreed to pay nearly $22.5...

Entertainment district benefits don’t outweigh the cost, economists say

(The Center Square) — Weeks later, after more details...

Business association ‘disappointed’ by WA L&I’s proposed workers comp rate hike

(The Center Square) – The Association of Washington Business...

Steil: Good progress on ‘big, beautiful bill’

(The Center Square) – Wisconsin Congressman Bryan Steil is...

Seattle withdraws lease for legal encampment, displacing 100

(The Center Square) – The city of Seattle’s last-minute...

Republican leaders blast Arlington ICE policy as ‘negligent’

(The Center Square) — Arlington County is facing growing...

Bipartisan Texas bill would strengthen oversight of NGOs housing unaccompanied minors

(The Center Square) – A bipartisan bill to strengthen...

Property tax ban in Ohio moves forward

(The Center Square) – Lawmakers and government leaders are...

Benefit of tariffs not scoring well in North Carolina

(The Center Square) – More North Carolinians believe there...

New Hampshire lawmakers ban ‘discrimination’ against cryptocurrency

(The Center Square) — New Hampshire lawmakers are considering...

Nevada man gets prison time for threatening Sen. Rosen, others

(The Center Square) - A Las Vegas man received...

More like this
Related

Steil: Good progress on ‘big, beautiful bill’

(The Center Square) – Wisconsin Congressman Bryan Steil is...

Seattle withdraws lease for legal encampment, displacing 100

(The Center Square) – The city of Seattle’s last-minute...

Republican leaders blast Arlington ICE policy as ‘negligent’

(The Center Square) — Arlington County is facing growing...

Bipartisan Texas bill would strengthen oversight of NGOs housing unaccompanied minors

(The Center Square) – A bipartisan bill to strengthen...