FX.co ★ US Stocks Steady Ahead of Tariff Announcement

On Wednesday, Wall Street experienced cautious trading as investors awaited further details regarding President Trump's proposed tariffs. The S&P 500 and Nasdaq indices both saw a slight increase of 0.1%, while the Dow Jones Industrial Average rose by 89 points, equivalent to a 0.2% gain. Tesla's shares declined by 2% following the company's report of a 13% year-over-year decrease in vehicle deliveries for the first quarter of 2025.

The anticipated tariffs, which are expected to be implemented shortly after a scheduled White House announcement at 4 p.m. ET, have been a significant source of concern. Speculation suggests that the duties could be set at approximately 20% on most imports, although final decisions are still under review. Treasury Secretary Scott Bessent indicated that the announced tariff rates would represent a ceiling, allowing room for negotiation.

On a positive note, the ADP employment report revealed an unexpected increase of 155,000 jobs in the private sector for March, significantly surpassing the predicted 105,000.