{"id":49138,"date":"2025-04-02T18:01:55","date_gmt":"2025-04-02T18:01:55","guid":{"rendered":"https:\/\/thestockmarketwatch.com\/stock-market-news\/stock-market-recap-market-volatility-continues-amid-trumps-tariff-announcement-april-2-2025\/49138\/"},"modified":"2025-04-02T18:01:55","modified_gmt":"2025-04-02T18:01:55","slug":"stock-market-recap-market-volatility-continues-amid-trumps-tariff-announcement-april-2-2025","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stock-market-recap-market-volatility-continues-amid-trumps-tariff-announcement-april-2-2025\/49138\/","title":{"rendered":"Stock Market Recap: Market Volatility Continues Amid Trump&#8217;s Tariff Announcement &#8211; April 2, 2025"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stock-market-recap-market-volatility-continues-amid-trumps-tariff-announcement-april-2-2025\/49138\/#Major_Indexes_Show_Mixed_Performance_as_Markets_Await_Tariff_Details\" >Major Indexes Show Mixed Performance as Markets Await Tariff Details<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stock-market-recap-market-volatility-continues-amid-trumps-tariff-announcement-april-2-2025\/49138\/#Trumps_%E2%80%9CLiberation_Day%E2%80%9D_Tariffs_Create_Market_Uncertainty\" >Trump&#8217;s &#8220;Liberation Day&#8221; Tariffs Create Market Uncertainty<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stock-market-recap-market-volatility-continues-amid-trumps-tariff-announcement-april-2-2025\/49138\/#Major_Stock_Movements_and_Corporate_News\" >Major Stock Movements and Corporate News<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stock-market-recap-market-volatility-continues-amid-trumps-tariff-announcement-april-2-2025\/49138\/#Economic_Data_and_Indicators\" >Economic Data and Indicators<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stock-market-recap-market-volatility-continues-amid-trumps-tariff-announcement-april-2-2025\/49138\/#Upcoming_Market_Events_to_Watch\" >Upcoming Market Events to Watch<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stock-market-recap-market-volatility-continues-amid-trumps-tariff-announcement-april-2-2025\/49138\/#Market_Outlook\" >Market Outlook<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Major_Indexes_Show_Mixed_Performance_as_Markets_Await_Tariff_Details\"><\/span>Major Indexes Show Mixed Performance as Markets Await Tariff Details<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The U.S. stock market experienced volatile trading on Wednesday, April 2, 2025, as investors anxiously awaited President Trump&#8217;s anticipated announcement on reciprocal tariffs. The major indexes showed mixed performance with the <a href=\"https:\/\/stockmarketwatch.com\/indices\/dowjones\/today\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Dow Jones Today\">Dow Jones<\/a> Industrial Average down 0.2% in morning trading, while the <a href=\"https:\/\/stockmarketwatch.com\/indices\/sp500\/today\" data-internallinksmanager029f6b8e52c=\"3\" title=\"snp500 today\">S&#038;P 500<\/a> and tech-heavy Nasdaq Composite each fell 0.3%.<cscitation citation_id=\"task_2__1\"><\/cscitation><\/p>\n<p>This follows Tuesday&#8217;s choppy session where the S&#038;P 500 rose 0.4% to finish at 5,633.07, and the Nasdaq Composite gained 0.9% to close at 17,449.89, while the Dow Jones Industrial Average fell marginally by less than 0.1% to 41,989.96.<cscitation citation_id=\"task_1__1\"><\/cscitation><\/p>\n<p>Trading has been particularly volatile this week as market participants position themselves ahead of Trump&#8217;s tariff announcement, which he has dubbed &#8220;Liberation Day.&#8221; The S&#038;P 500, which experienced its worst month since 2022 in March, has managed to close higher for the past two sessions, recovering from steep intraday losses on both days.<cscitation citation_id=\"task_2__1\"><\/cscitation><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Trumps_%E2%80%9CLiberation_Day%E2%80%9D_Tariffs_Create_Market_Uncertainty\"><\/span>Trump&#8217;s &#8220;Liberation Day&#8221; Tariffs Create Market Uncertainty<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>President Donald Trump is expected to announce reciprocal tariffs on all imported goods to the United States today, April 2, which he has called America&#8217;s &#8220;liberation day.&#8221; White House press secretary Karoline Leavitt indicated that the tariff announcement will come after markets close and will be effective immediately.<cscitation citation_id=\"task_1__1\"><\/cscitation><\/p>\n<p>Market participants are nervously awaiting the announcement and preparing to analyze the potential impact of these tariffs on both the U.S. and global trade and economic growth. There is particular concern about how these tariffs might affect inflation rates, which have already been a point of concern for investors.<cscitation citation_id=\"task_1__1\"><\/cscitation><\/p>\n<p>The fear-gauge CBOE Volatility Index (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=VIX\">VIX<\/a>) was down 2.3% to 21.77 on Tuesday, indicating some easing of market anxiety, though uncertainty remains high.<cscitation citation_id=\"task_1__1\"><\/cscitation><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Major_Stock_Movements_and_Corporate_News\"><\/span>Major Stock Movements and Corporate News<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><b>Tesla (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=TSLA\">TSLA<\/a>)<\/b> shares were down 2.5% in <a href=\"https:\/\/stockmarketwatch.com\/movers\/premarket\" data-internallinksmanager029f6b8e52c=\"7\" title=\"Premarket Movers\">premarket<\/a> trading ahead of the electric vehicle maker&#8217;s expected release of first-quarter deliveries data. Analysts expect Tesla to report approximately 393,000 deliveries, up less than 2% year-over-year but fewer than last quarter&#8217;s 495,570 vehicles.<cscitation citation_id=\"task_2__3\"><\/cscitation> Despite the morning decline, Tesla stock had raced more than 6% higher on Tuesday, though it remains around 50% off its all-time high set on December 18 and has shed one-third of its value in 2025.<cscitation citation_id=\"task_2__2\"><\/cscitation><\/p>\n<p><b>Apple (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=AAPL\">AAPL<\/a>)<\/b> shares rose 0.1% on Tuesday, still trading below its 200-day moving average. In recent news, Visa (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=V\">V<\/a>) is reportedly offering a payment of roughly $100 million to secure Apple&#8217;s credit card payment network business.<cscitation citation_id=\"task_2__3\"><\/cscitation><\/p>\n<p><b>Johnson &#038; Johnson (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=JNJ\">JNJ<\/a>)<\/b> was the major loser among Dow components on Tuesday, with the pharmaceutical giant&#8217;s stock tumbling 7.6%.<cscitation citation_id=\"task_1__1\"><\/cscitation><\/p>\n<p>Among the &#8220;Magnificent Seven&#8221; stocks, <b>Microsoft (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=MSFT\">MSFT<\/a>)<\/b> moved up 1.4% on Tuesday, though still trading far below its 50- and 200-day moving averages.<cscitation citation_id=\"task_2__2\"><\/cscitation> <b>Nvidia (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=NVDA\">NVDA<\/a>)<\/b>, which has been under pressure recently, rebounded 0.7% on Tuesday after declining 1.2% on Monday.<cscitation citation_id=\"task_2__2\"><\/cscitation> <b>Amazon (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=AMZN\">AMZN<\/a>)<\/b> rose 1.6% on Tuesday but continues to trade below its long-term 200-day line following heavy losses in recent sessions.<cscitation citation_id=\"task_2__2\"><\/cscitation><\/p>\n<p><b>nCino (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=NCNO\">NCNO<\/a>)<\/b>, a cloud-based financial software maker, lost a third of its value in <a href=\"https:\/\/stockmarketwatch.com\/movers\/premarket\" data-internallinksmanager029f6b8e52c=\"7\" title=\"Premarket Movers\">premarket<\/a> trading Wednesday after the company&#8217;s quarterly results disappointed investors.<cscitation citation_id=\"task_2__1\"><\/cscitation><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Economic_Data_and_Indicators\"><\/span>Economic Data and Indicators<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Recent economic data has been mixed, contributing to market uncertainty. The Job Openings and Labor Turnover Survey (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=JOLTS\">JOLTS<\/a>) reported that job openings at the end of February came in at 7.57 million, compared with an upwardly revised 7.76 million in January, marking the lowest level since September 2024.<cscitation citation_id=\"task_1__1\"><\/cscitation><\/p>\n<p>The Institute of Supply Management (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=ISM\">ISM<\/a>) reported that the manufacturing PMI for March contracted to 49% from 50.3% in February, below the consensus estimate of 49.5%. Any reading below 50% indicates contraction in manufacturing activities.<cscitation citation_id=\"task_1__1\"><\/cscitation><\/p>\n<p>On a positive note, construction spending increased 0.7% in March, beating the consensus estimate of 0.3%, following a 0.2% contraction in January.<cscitation citation_id=\"task_1__1\"><\/cscitation><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Upcoming_Market_Events_to_Watch\"><\/span>Upcoming Market Events to Watch<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Several key economic reports are scheduled for release in the coming days that could significantly impact market sentiment:<\/p>\n<p>&#8211; Today (April 2): ADP Non-Farm Employment Change data will be released, providing insights into private sector employment trends.<cscitation citation_id=\"task_3__2\"><\/cscitation><\/p>\n<p>&#8211; Thursday, April 3: Weekly jobless claims data, U.S. trade deficit figures for February, and the ISM services index for March will be released.<cscitation citation_id=\"task_3__1\"><\/cscitation><\/p>\n<p>&#8211; Friday, April 4: The highly anticipated U.S. employment report for March will be released, with analysts expecting 140,000 new jobs and an unemployment rate of 4.1%. Fed Chairman Jerome Powell is also scheduled to speak.<cscitation citation_id=\"task_3__1\"><\/cscitation><\/p>\n<p>&#8211; Next week (April 10): The Consumer Price Index (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=CPI\">CPI<\/a>) data for March will be released, which will be closely watched for inflation trends.<cscitation citation_id=\"task_3__1\"><\/cscitation><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Market_Outlook\"><\/span>Market Outlook<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>As we move further into the second quarter of 2025, market sentiment remains cautious due to concerns over Trump&#8217;s tariffs, inflation rates, and fears of a potential near-term recession. Nine out of 11 broad sectors of the S&#038;P 500 ended in positive territory on Tuesday, with the Consumer Discretionary Select Sector increasing 1% while the Health Care Select Sector decreased 1.8%.<cscitation citation_id=\"task_1__1\"><\/cscitation><\/p>\n<p>Investors will be closely monitoring President Trump&#8217;s tariff announcement later today and analyzing its potential impact on corporate earnings, inflation, and overall economic growth. The market&#8217;s reaction to this announcement in tomorrow&#8217;s trading session will likely set the tone for the remainder of the week.<\/p>\n<p>With the first quarter of 2025 now behind us, the &#8220;Magnificent Seven&#8221; stocks that dominated 2024 have struggled, with all showing negative performance year-to-date. Tesla has been the worst performer with a 34.7% decline, followed by Nvidia (-18.3%) and Alphabet (-18.5%).<cscitation citation_id=\"task_2__2\"><\/cscitation><\/p>\n<p>As economic data continues to provide mixed signals and geopolitical tensions remain elevated, investors should prepare for continued volatility in the days and weeks ahead.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Major Indexes Show Mixed Performance as Markets Await Tariff Details The U.S. stock market experienced volatile trading on Wednesday, April 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