S&P 500 Posts Modest Losses to End Day of Wild Tariff Swings
President Donald Trump during a tariff announcement in the Rose Garden of the White House on April 2.
Photographer: Jim Lo Scalzo/EPA/Bloomberg
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US stocks swung violently on Monday, wiping out a 4% plunge to rise more than 3% before reversing direction to close slightly lower as investors reacted to a swirl of headlines related to President Donald Trump’s trade policies.
The S&P 500 Index finished just 0.2% lower Monday. This marked its biggest bottom-to-top intraday reversal — at 8.5% — since the depths of the Covid-19 pandemic in March 2020, according to data compiled by Bloomberg.