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LIVE MARKETS-S&P 500 index storms the shore into 'Liberation Day'

ReutersApr 2, 2025 8:04 PM
  • Major US indexes end higher; Nasdaq out front, up ~0.9%
  • Cons Disc leads S&P 500 sector gainers; Staples weakest group
  • Dollar down; gold, crude gain; bitcoin up >1.5%
  • US 10-Year Treasury yield edges up to ~4.18%

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S&P 500 INDEX STORMS THE SHORE INTO 'LIBERATION DAY'

The S&P 500 index .SPX gyrated, but still advanced for a third day in a row on Wednesday as investors awaited U.S. President Donald Trump's major tariff announcement.

President Donald Trump proclaimed "Liberation Day" in the United States on Wednesday as he prepared to impose sweeping new tariffs that would escalate a trade war with global partners, increase prices and upend a decades-old trade order.

The White House tariff announcement is planned for 4 p.m. EDT/2000 GMT.

The SPX ended up 0.67% at around 5,671, putting it up around 1.63% so far this week, which has it on track for its biggest weekly advance since January.

In any event, traders will now be focused on e-mini S&P 500 futures EScv1 and how they react to the announcement along with any additional details.

In the 10 minutes or so prior to 4 p.m., the futures were just over 5,700:

The March 31 intraday low was at 5,533.75, while the March 28 intraday high was at 5,837.25.

Here is a snapshot of where markets stood just moments after 4 p.m.:

(Terence Gabriel)

FOR WEDNESDAY'S EARLIER LIVE MARKETS POSTS:

DOLLAR POSITIONING SUGGESTS COMPLACENCY BEFORE TARIFF ANNOUNCEMENT - CLICK HERE

LIBERATION DAY: INVESTORS ARE TRADING CAUTIOUSLY - CLICK HERE

LIBERATION DATA: ADP, FACTORY ORDERS, MORTGAGES - CLICK HERE

DESPITE UNCERTAINTIES, STOCK VOLATILITY HASN’T PICKED UP MUCH ON TRUMP - CLICK HERE

BOFA CLIENTS HAVEN'T BEEN POSITIONING FOR RECESSION - CLICK HERE

U.S. STOCKS HUNKER DOWN AHEAD OF TRUMP TARIFFS - CLICK HERE

'EVERYTHING IS AWESOME' NO MORE: U.S. BANKS FACE 'MODEST RECESSION' REALITY - CLICK HERE

LARGER TARIFFS POSE STAGFLATIONARY RISKS, CITIGROUP SAYS - CLICK HERE

BENCHMARK TREASURY YIELD CAUGHT IN THE CLOUD - CLICK HERE

WATCH OUT FOR AN UPTICK IN U.S. APRIL DATA - CLICK HERE

US TREASURIES WILL FOLLOW STOCKS ON APRIL 2 - CLICK HERE

TRUMP TARIFFS: WILL THE UK EARN A FREE PASS? CLICK HERE

HEALTHCARE LEADS EUROPE LOWER - CLICK HERE

EUROPE BEFORE THE BELL: FUTURES DIP AHEAD OF LIBERATION DAY - CLICK HERE

MORNING BID: MARKETS AT A STANDSTILL BEFORE TARIFF DRAMA - CLICK HERE

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