S&P 500 Rises as Markets Await Tariffs and Pivotal Jobs Report
The S&P 500 closed higher on Monday after recovering from initial losses. Investors are preparing for a frenetic week that includes possible fresh tariffs and a critical U.S. jobs report.
President Trump has set a Wednesday deadline to announce more tariffs. He has already slapped tariffs on several imports and is most likely to slap auto tariffs next. Trump threatened over the weekend to hit all of the U.S. trading partners, raising fears of a global economic slowdown.
“You’d start with all countries,” Trump said Sunday, suggesting the U.S. may go broad with trade penalties but still offer better terms than what it receives.
According to The Wall Street Journal, Trump has recently urged his team to take a tougher stance and expand tariff plans beyond the original list of countries.
Investors are also awaiting Friday’s jobs report for additional information on the health of the U.S. economy.
This comes after a volatile quarter for markets. Early optimism over tax cuts and deregulation has faded, replaced by concern that aggressive trade policies will push the economy into recession. The S&P 500 and Nasdaq posted their worst quarterly declines since 2022.
Francis Gannon, co-chief investment officer at Royce Investment Partners, said, “The market is looking for clarity, and it’s not going to get any.”
Today’s Market Snapshot:
S&P 500: Up
Dow Jones: Up 1%
Nasdaq: Down 0.1%
10-Year Treasury Yield: 4.245%
Gold: Hit a record high
Bitcoin: Trading near $82,000
European Markets: Lower, with mining, auto, and bank stocks falling
By Editor-In-Chief, Timothy Gocklin, MBA, MSF
