The US president has not unveiled the details of his plan
US: Stocks close mixed before Trump tariff announcement
US stocks finished mixed on Tuesday on a quiet trading day as investors braced for Donald Trump’s tariff announcement, which he has dubbed “liberation day.”
The US president has not unveiled the details of his plan, leaving traders guessing ahead of the announcement, which the White House has now penned for Wednesday at 4 pm local time in Washington (2000 GMT), after Wall Street markets close.
The Dow Jones Industrial Average slipped less than 0.1 per cent to 41,989.96, while the broad-based S&P 500 shook off a recent slump to close up 0.4 per cent at 5,633.07.
The tech-rich Nasdaq Composite also finished in the green, gaining 0.9 per cent to 17,449.89, a day after posting its worst quarter since 2022.
“What Trump announces and the level of tariffs will likely move markets,” Adam Sarhan from 50 Park Investments told AFP.
“If you have a situation where it’s weaker than expected, or there’s more delays, or it’s not as tight as people are fearing, then the market will likely rally,” he said.
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