From Yahoo Finance: 2025-04-01 22:55:00

U.S. stocks were volatile as President Trump announced new tariffs on all U.S. trading partners, causing futures to drop. Concerns over trade wars impact financial markets globally. Trump’s aim is to bring manufacturing jobs back, but tariffs may hurt U.S. and other economies, leading to inflation above the Fed’s target.

Trump’s announcement of baseline taxes on imports from all countries and higher rates on trade surplus nations rattled markets. Tariffs added to previous taxes on auto imports, steel, and aluminum. After-hours trading saw shares of Lululemon, Williams-Sonoma, and Deckers Outdoor fall. Big Tech stocks like Apple, Amazon, and Nvidia also declined.

Tesla shares fell after reports of lower electric vehicle deliveries, rebounding slightly on news of Elon Musk stepping back from his government role. Some stocks rose after-hours, like Norfolk Southern and McCormick & Co. Concerns over tariff uncertainty impacting households and businesses, potentially freezing spending and damaging the economy.

Despite pessimism, a strong U.S. job market was indicated by a report suggesting hiring accelerated more than expected last month. Economists await the comprehensive jobs report Friday. Treasury yields mirrored stock market indecision, with the 10-year Treasury yield falling. S&P 500, Dow Jones, and Nasdaq saw gains in regular trading.

Read more: A jittery Wall Street rides the tariff roller coaster and appears headed for big losses on Thursday