Wall Street Braces for Tariff Hit -- WSJ

Dow Jones04-03

By Hannah Erin Lang

Major stock indexes edged up Wednesday afternoon, but investors were still on edge.

Many traders are still "sitting on their hands" ahead of the White House's 4 p.m. tariff announcement, wrote David Morrison, senior market analyst at Trade Nation.

"The trouble is that there's such opacity in advance of tonight's announcement," he wrote. "It's probably fair to say that most market participants would like to return to the old Trump from November last year."

"Trump has kept everyone off balance, both investors and trading partners," wrote Louis Navellier, founder of Navellier & Associates, in an afternoon note. "Even after the announcements, no one will be surprised if they become quickly revised in a series of negotiations."

Stocks' afternoon lift signals some investors are still optimistic that the president's newly unveiled policy, no matter the details, can bring clarity and therefore calm to markets.

"We're set up for a rally on a 'less bad' outcome to Trump's tariff announcement," wrote Jed Ellerbroek, portfolio manager at Argent Capital Management in St. Louis, Mo. "We'll see if he gives the market room to put a positive spin on his decision."

This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).

(END) Dow Jones Newswires

April 02, 2025 14:48 ET (18:48 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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The full stream can be found by searching P/WSJL (WSJ Live Coverage). \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 02, 2025 14:48 ET (18:48 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2524179410","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2524179410","pubTimestamp":1743619680,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Major stock indexes edged up Wednesday afternoon, but investors were still on edge.Many traders are still \"sitting on their hands\" ahead of the White House's 4 p.m. tariff announcement, wrote David Morrison, senior market analyst at Trade Nation.\"The trouble is that there's such opacity in advance of tonight's announcement,\" he wrote. \"It's probably fair to say that most market participants would like to return to the old Trump from November last year.\". \"Trump has kept everyone off balance, both investors and trading partners,\" wrote Louis Navellier, founder of Navellier & Associates, in an afternoon note. \"Even after the announcements, no one will be surprised if they become quickly revised in a series of negotiations.\". \"We're set up for a rally on a 'less bad' outcome to Trump's tariff announcement,\" wrote Jed Ellerbroek, portfolio manager at Argent Capital Management in St. Louis, Mo. \"We'll see if he gives the market room to put a positive spin on his decision.\". 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