Tariffs cause US stocks to drop, dollar weakens, oil prices plunge, gold loses safe-haven status.

From Investing.com: 2025-04-04 06:35:00

Global markets experienced a rough day as US stocks had their worst performance since the 2020 Covid crisis due to President Trump’s tariff blitz. The dollar hit a six-month low with Treasury bonds rallying and yields sinking. Despite the global equity selloff easing slightly ahead of the NFP report and Powell’s speech, oil prices plunged after an OPEC+ output hike, while gold lost out in the safe-haven rush. Trump signaled openness to lowering some tariffs but indicated sectoral tariffs will remain. Investors are awaiting the NFP report and Powell’s remarks for further guidance on the economic outlook.



Read more at Investing.com: Tariff Turmoil Sends Dollar and Wall Street Spinning