Stocks pare some losses as investors brace for Trump's 'Liberation Day' tariffs [MSNBC.com]
International Business Machines Corporation (IBM)
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Source: MSNBC.com
/ByRob WileSteve KopackMarkets whipsawed Monday morning as opportunistic investors helped major indexes shrug off earlier losses ahead of President Donald Trump"Liberation Day" tariffs announcement Wednesday.The broad S&P 500 had narrowed its decline by nearly half as of 1:15 p.m., trading down about 0.2% after declining as much as 1.3% earlier. The Dow Jones Industrial Average, which represents a more narrow band of established U.S. firms, erased opening declines and was up by 0.4%. The tech-focused Nasdaq was down by 1%.Firms included in the Dow seeing the biggest gains included biotech group Amgen, IBM, Coca-Cola, Walmart and Verizon. The biggest laggards were Nvidia, Amazon, Microsoft, Salesforce and Boeing.Traders on the floor of the Stock Exchange on Friday.Spencer Platt / Getty ImagesWeekend reports suggested that while Trump was still making up his mind about what form hislong-promisednow leaning toward a heavily punitive regimeLater Sunday, Trump himselfconfirmedStocks had a
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