Stocks Settle Higher As Reciprocal Tariffs Unveiled
Despite rampant tariff uncertainty and mixed jobs data, the major indexes managed to log modest wins across the board today. The Dow tacked on 235 points, paring a triple-digit deficit at the open, while the Nasdaq and S&P 500 both pivoted from lower opens to close near session highs. In his anticipated 4 p.m. ET announcement, President Trump shared more on his decision to swap from country-specific levies to a tiered, reciprocal system, which will go into effect immediately.
COMMODITIES CLIMB AHEAD OF TRUMP LEVIES
Oil was cautiously higher in today, as commodity investors eyed how Trump's tariffs might impact supply and demand. May-dated West Texas Intermediate (WTI) crude settled up 51 cents or 0.7%, at $71.71, per barrel.
Also awaiting levy news, gold futures resumed its mission toward record high territory. At last glance, June-dated gold 0.6% higher, at $3,166.20 an ounce.
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