01.04.202516:08:48UTC+00US Stocks Rebound Ahead Tariffs Rollout

U.S. stocks experienced an upswing on Tuesday, with the S&P 500 rising by 0.4%, the Nasdaq 100 increasing by 0.7%, and the Dow Jones Industrial Average adding over 100 points. This positive momentum came as investors turned their attention towards the possibility of interest rate reductions, despite the emergence of underwhelming economic indicators. A surge in leading technology stocks played a crucial role in helping the markets recover from an initial 1% decline that was triggered by disappointing manufacturing and employment data. Tesla saw a notable increase of 5%, and the "Magnificent Seven" mega-cap stocks rebounded approximately 2%, reversing a four-day downturn as traders slightly adjusted their expectations for Federal Reserve policy easing. In contrast, Johnson & Johnson faced a setback as its shares fell following a court decision to block its bankruptcy plan concerning talc-related lawsuits. Moreover, the market is on alert for President Trump's announcement regarding tariffs, with speculations hinting at a potential 20% duty on most U.S. imports. The economic releases for the day revealed that the manufacturing sector encountered another contraction in March, with price pressures reaching their peak since 2022. Additionally, job openings declined to 7.57 million, falling short of projections and indicating a potential slowdown in the labor market.