{"id":49139,"date":"2025-04-02T18:29:11","date_gmt":"2025-04-02T18:29:11","guid":{"rendered":"https:\/\/thestockmarketwatch.com\/stock-market-news\/market-recap-wall-street-wavers-as-trumps-tariff-announcement-looms-april-2-2025\/49139\/"},"modified":"2025-04-02T18:29:11","modified_gmt":"2025-04-02T18:29:11","slug":"market-recap-wall-street-wavers-as-trumps-tariff-announcement-looms-april-2-2025","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/market-recap-wall-street-wavers-as-trumps-tariff-announcement-looms-april-2-2025\/49139\/","title":{"rendered":"Market Recap: Wall Street Wavers as Trump&#8217;s Tariff Announcement Looms &#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\/market-recap-wall-street-wavers-as-trumps-tariff-announcement-looms-april-2-2025\/49139\/#Major_Indexes_Show_Mixed_Performance_Amid_Tariff_Uncertainty\" >Major Indexes Show Mixed Performance Amid Tariff Uncertainty<\/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\/market-recap-wall-street-wavers-as-trumps-tariff-announcement-looms-april-2-2025\/49139\/#Trumps_%E2%80%9CLiberation_Day%E2%80%9D_Tariffs_Take_Center_Stage\" >Trump&#8217;s &#8220;Liberation Day&#8221; Tariffs Take Center Stage<\/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\/market-recap-wall-street-wavers-as-trumps-tariff-announcement-looms-april-2-2025\/49139\/#Economic_Data_Points_to_Mixed_Signals\" >Economic Data Points to Mixed Signals<\/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\/market-recap-wall-street-wavers-as-trumps-tariff-announcement-looms-april-2-2025\/49139\/#Tesla_Stock_Surges_Despite_Disappointing_Delivery_Numbers\" >Tesla Stock Surges Despite Disappointing Delivery Numbers<\/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\/market-recap-wall-street-wavers-as-trumps-tariff-announcement-looms-april-2-2025\/49139\/#Magnificent_Seven_Stocks_Show_Mixed_Performance\" >Magnificent Seven Stocks Show Mixed Performance<\/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\/market-recap-wall-street-wavers-as-trumps-tariff-announcement-looms-april-2-2025\/49139\/#Notable_Stock_Movers\" >Notable Stock Movers<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/market-recap-wall-street-wavers-as-trumps-tariff-announcement-looms-april-2-2025\/49139\/#Looking_Ahead_Key_Events_to_Watch\" >Looking Ahead: Key Events to Watch<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Major_Indexes_Show_Mixed_Performance_Amid_Tariff_Uncertainty\"><\/span>Major Indexes Show Mixed Performance Amid Tariff Uncertainty<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>U.S. stock markets displayed cautious trading on Wednesday, April 2, 2025, as investors braced for President Trump&#8217;s highly anticipated tariff announcement scheduled for later in the day. The major indexes showed mixed performance with the <a href=\"https:\/\/stockmarketwatch.com\/indices\/sp500\/today\" data-internallinksmanager029f6b8e52c=\"3\" title=\"snp500 today\">S&#038;P 500<\/a> edging up 0.14% to 5,640.82, the <a href=\"https:\/\/stockmarketwatch.com\/indices\/dowjones\/today\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Dow Jones Today\">Dow Jones<\/a> Industrial Average gaining a modest 0.10% to 42,030.14, and the Nasdaq Composite rising 0.28% to 17,499.06 by mid-afternoon trading.<cscitation citation_id=\"task_3__2\"><\/cscitation><\/p>\n<p>Early morning trading saw futures pointing to a lower open, with Dow futures down 0.5%, S&#038;P 500 futures off 0.7%, and Nasdaq 100 futures dropping 0.9% in <a href=\"https:\/\/stockmarketwatch.com\/movers\/premarket\" data-internallinksmanager029f6b8e52c=\"7\" title=\"Premarket Movers\">pre-market<\/a> activity.<cscitation citation_id=\"task_3__3\"><\/cscitation> However, markets managed to recover some ground as the day progressed despite persistent concerns about the impending tariff announcement.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Trumps_%E2%80%9CLiberation_Day%E2%80%9D_Tariffs_Take_Center_Stage\"><\/span>Trump&#8217;s &#8220;Liberation Day&#8221; Tariffs Take Center Stage<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The market&#8217;s primary focus today is President Trump&#8217;s scheduled announcement of new reciprocal tariffs at 4:00 p.m. EDT, which the White House has indicated will be &#8220;effective immediately&#8221; upon announcement.<cscitation citation_id=\"task_3__2\"><\/cscitation> Dubbed &#8220;Liberation Day&#8221; by the administration, these tariffs are expected to significantly impact U.S. trading relationships worldwide.<\/p>\n<p>While specific details remain unknown, media reports suggest the president is considering imposing 20% &#8220;blanket&#8221; levies on trading partners.<cscitation citation_id=\"task_1__1\"><\/cscitation> Market participants have been grappling with uncertainty for weeks, with fears that the duties could trigger a full-scale trade war as countries respond with retaliatory measures.<\/p>\n<p>White House Press Secretary Karoline Leavitt emphasized the significance of the announcement, stating, &#8220;April 2, 2025, will go down as one of the most important days in modern American history,&#8221; adding that &#8220;America will offer companies the lowest taxes, energy costs, regulations if they make their products right here in the United States and hire American workers.&#8221;<cscitation citation_id=\"task_1__2\"><\/cscitation><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Economic_Data_Points_to_Mixed_Signals\"><\/span>Economic Data Points to Mixed Signals<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Recent economic data has presented a mixed picture for investors. The ADP National Employment Report released today showed employers added 155,000 jobs in March, exceeding expectations and increasing from an upwardly revised 84,000 in February.<cscitation citation_id=\"task_3__2\"><\/cscitation> Additionally, factory orders gained 0.6% in February, better than consensus estimates but slowing from an upwardly revised 1.8% in January.<\/p>\n<p>However, data released on Tuesday showed concerning signs of stagflation, with the ISM&#8217;s manufacturing index contracting for the first time this year while the prices paid index surged to the highest reading since June 2022.<cscitation citation_id=\"task_1__2\"><\/cscitation> The manufacturing PMI registered 49.0 in March, down from February&#8217;s 50.3 and below economists&#8217; expectations of 49.5, indicating contraction in the sector.<\/p>\n<p>The Federal Reserve Bank of Atlanta&#8217;s GDPNow tracker currently signals negative growth of 3.7% in Q1, a deterioration from the prior negative 2.8% reading, suggesting economic challenges ahead.<cscitation citation_id=\"task_1__2\"><\/cscitation><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Tesla_Stock_Surges_Despite_Disappointing_Delivery_Numbers\"><\/span>Tesla Stock Surges Despite Disappointing Delivery Numbers<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Tesla (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=TSLA\">TSLA<\/a>) shares surged more than 4.35% today despite the company reporting disappointing first-quarter delivery numbers.<cscitation citation_id=\"task_3__2\"><\/cscitation> The electric vehicle maker announced it delivered 336,681 vehicles in Q1 2025, far below analyst expectations of 377,592 to 390,000 deliveries and representing a 13% year-over-year decline.<cscitation citation_id=\"task_4__1\"><\/cscitation><\/p>\n<p>Tesla attributed the lower deliveries to production challenges related to the Model Y changeover across all four of its factories, which led to &#8220;the loss of several weeks of production in Q1.&#8221; However, the company noted that &#8220;the ramp of the New Model Y continues to go well.&#8221;<cscitation citation_id=\"task_4__1\"><\/cscitation> Despite these production issues, Tesla&#8217;s stock performance today suggests investors may have already priced in the disappointing delivery numbers.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Magnificent_Seven_Stocks_Show_Mixed_Performance\"><\/span>Magnificent Seven Stocks Show Mixed Performance<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The &#8220;Magnificent Seven&#8221; tech stocks, which have significant influence on market-cap weighted indexes, showed mixed performance today. While Tesla led the group with its strong gains, other tech giants faced selling pressure ahead of the tariff announcement.<\/p>\n<p>Nvidia (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=NVDA\">NVDA<\/a>) fell about 0.46% by mid-afternoon, Alphabet (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=GOOGL\">GOOGL<\/a>) dropped 0.7%, Microsoft (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=MSFT\">MSFT<\/a>) declined 0.5%, and Apple (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=AAPL\">AAPL<\/a>) and Amazon (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=AMZN\">AMZN<\/a>) both slipped about 0.4% in morning trading.<cscitation citation_id=\"task_3__2\"><\/cscitation> However, Amazon recovered later in the day, rising 1.45%.<\/p>\n<p>The Magnificent Seven stocks have struggled in 2025, with all showing negative performance through the first quarter. Tesla has been the worst performer, down 34.7% as of March 31, followed by Nvidia (-18.3%) and Alphabet (-18.5%).<cscitation citation_id=\"task_3__1\"><\/cscitation><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Notable_Stock_Movers\"><\/span>Notable Stock Movers<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Several stocks made significant moves today:<\/p>\n<p>&#8211; Palantir Technologies (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=PLTR\">PLTR<\/a>) gained 2.21%, showing resilience amid broader tech weakness.<cscitation citation_id=\"task_3__2\"><\/cscitation><br \/>&#8211; Cloud-based financial software maker nCino (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=NCNO\">NCNO<\/a>) plummeted approximately 20.23% after reporting disappointing quarterly results and providing weak guidance.<cscitation citation_id=\"task_3__2\"><\/cscitation><br \/>&#8211; Denali Therapeutics (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=DNLI\">DNLI<\/a>) surged nearly 15%, leading the day&#8217;s gainers.<cscitation citation_id=\"task_3__2\"><\/cscitation><br \/>&#8211; Ford Motor Company (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=F\">F<\/a>) rose 2.41% despite broader market concerns about tariffs potentially affecting the automotive sector.<cscitation citation_id=\"task_3__2\"><\/cscitation><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Looking_Ahead_Key_Events_to_Watch\"><\/span>Looking Ahead: Key Events to Watch<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Investors will be closely monitoring several upcoming economic events that could impact market direction:<\/p>\n<p>1. Federal Reserve Governor Adriana Kugler is scheduled to speak at 4:30 p.m. EDT today on &#8220;Inflation expectations and monetary policymaking.&#8221;<cscitation citation_id=\"task_3__2\"><\/cscitation><\/p>\n<p>2. Thursday, April 3, will bring the release of initial jobless claims, the U.S. trade deficit, and ISM services data.<cscitation citation_id=\"task_2__1\"><\/cscitation><\/p>\n<p>3. The highly anticipated March jobs report will be released on Friday, April 4, providing crucial insights into the health of the U.S. labor market. Fed Chairman Jerome Powell is also scheduled to speak on Friday.<cscitation citation_id=\"task_2__1\"><\/cscitation><\/p>\n<p>4. Next week will bring important inflation data with the Consumer Price Index (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=CPI\">CPI<\/a>) report on Thursday, April 10, and the Producer Price Index (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=PPI\">PPI<\/a>) on Friday, April 11.<cscitation citation_id=\"task_2__1\"><\/cscitation><\/p>\n<p>As markets digest the implications of Trump&#8217;s tariff announcement, these upcoming economic indicators and Fed speeches will be crucial in determining market direction in the days and weeks ahead. Investors remain cautious about potential ripple effects from rising costs and deteriorating supply chains that could result from the new tariff policies.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Major Indexes Show Mixed Performance Amid Tariff Uncertainty U.S. stock markets displayed cautious trading on Wednesday, April 2, 2025, as [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":50312,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"rank_math_schema_Article":[],"rank_math_focus_keyword":[],"rank_math_description":[],"financial_data_references":[],"stock_symbols_mentioned":[],"footnotes":""},"categories":[94],"tags":[3850,4,4163,33,4164,225,391,633,3712,3754,3764,3768],"class_list":["post-49139","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-update","tag-pltr","tag-tsla","tag-ncno","tag-msft","tag-dnli","tag-aapl","tag-amzn","tag-nvda","tag-cpi","tag-f","tag-ppi","tag-googl"],"_links":{"self":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts\/49139","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/comments?post=49139"}],"version-history":[{"count":0,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts\/49139\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/media\/50312"}],"wp:attachment":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/media?parent=49139"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/categories?post=49139"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/tags?post=49139"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}