Yesterday's bounce was short-lived, as uncertainty surrounding global trade policy sent stocks reeling yet again. The latest of President Donald Trump's tariff updates included a tariff delay on goods under the USMCA trade agreement until April 2.In response, the three major benchmarks ended the day with triple-digit losses. Notably, bank stocks are headed for their worst week since August, per the performance of both the SPDR S&P Regional Banking ETF (KRE) and the SPDR S&P Bank ETF (KBE).

OIL SNAPS LOSING STREAK

Oil prices rose on the day, snapping a four-day losing streak. The most active April-dated West Texas Intermediate (WTI) crude rose 5 cents, or 0.1%, to close at $66.36 a barrel. 

Gold futures inched lower today amid rising Treasury yields, settling at $2,926.60.

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