US stocks open lower ahead of Trump's unveiling of tariffs
From CNN's John Towfighi
US stocks opened lower Wednesday as investors await President Donald Trump’s announcement on tariffs.
The Dow was down 330 points, or 0.78%. The S&P 500 fell 1% and the tech-heavy Nasdaq Composite slid 1.43%.
Trump’s back and forth on his trade policy has roiled markets, leaving Wall Street eager for clarity, though bracing for continued uncertainty.
“Investor sentiment remains skittish,” said Solita Marcelli, chief investment officer for the Americas at UBS Global Wealth Management, in a Tuesday note.
Analysts at Bank of America Global Research said in a Tuesday note that without relief from uncertainty, stocks could slide further in the short term.
“It’s very tough to know what to expect, and we don’t even know what the tariffs actually are,” said Michael Green, chief strategist and portfolio manager at Simplify Asset Management.
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