“Liberation Day” has quickly turned into Libation Day for many Wall Street analysts, who are being forced to take Donald Trump both seriously and literally.
The conservative newspaper's editorial board listed some of the ways the move could backfire on the president and his agenda.
11hon MSN
U.S. stocks whipped through another dizzying day before President Donald Trump’s unveiling of his “Liberation Day” tariffs.
NEW YORK (AP) — U.S. stocks are falling Wednesday in the final hours before President Donald Trump unveils the tariffs he promised as part of his “ Liberation Day ” that could drastically remake the global economy and trade.
When President Trump secured his second term in November, Wall Street had convinced itself it had every reason to triple-down on US equities. The S&P 500 was wrapping off back-to-back years of 20% gains, inflation was cooling, and the “American exceptionalism” play looked like the latest boon to the AI trade.
Tesla (TSLA) reported first quarter global deliveries that widely missed estimates, as demand issues clearly hit the electric vehicle maker. For the quarter, Tesla reported 336,681 deliveries versus 390,
Explore more
For investors facing a tall federal income tax bill, munis may make more sense than holding Treasurys or cash-like money-market funds. But tax-exempt issues linger.
As Wall Street draws the curtain on a tumultuous quarter in which stocks logged a record high before tumbling into correction, investors are faced with a mountain of policy uncertainty that clouds the outlook for coming quarters.