US stock futures rose as Wall Street braced for President Trump's announcement of new tariffs that stand to remake the global trade order.
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.
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.
The fortunes of the stock market play a big role in shaping the mood of the consumer, and things aren't looking great right now.
OpenAI's latest funding round has propelled the startup beyond other unicorns to the rank of the highest valued private company in the world.
US stocks rebounded Monday to cap a volatile month and quarter as trade-war worries mount in the run-up to President Trump's tariff bonanza later in the week. Markets wrapped up March on a woeful note after a rough month and quarter beset by Trump's fast-evolving tariff policy.
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While tariffs are front and center for markets, a handful of other issues is weighing on investor confidence as the second quarter kicks off.