Wall Street in state of confusion over tariffs, Dow Jones dips 12 points

U.S. stocks close mixed as Trump keeps markets guessing

Lola Evans
02 Apr 2025, 01:47 GMT+10

Wall Street in state of confusion over tariffs, Dow Jones dips 12 points

The Dow Jones Industrial Average experienced a slight decline, ending at 41,989.96, down 11.80 points or 0.03 percent.
The NASDAQ Composite outperformed, rising to 17,449.89, a gain of 150.60 points or 0.87 percent.
The Standard and Poor's 500 index advanced, closing at 5,633.07, an increase of 21.22 points or 0.38 percent.

NEW YORK, New York - U.S. stock markets traded sideways on Tuesdays as investors weighed up the impact U.S. Preident Donald Trump's proposed tariffs on all goods imported to the United States. Trump has indicated he will detail the tariffs on Wednesday.

"The lack of certainty and the shroud of secrecy has been driving the market insane," Jay Woods, chief global strategist at Freedom Capital Markets told CNBC Tuesday "We have our correction, though, so perspective is key." he added.

Following are the closing quotes Tuesday for the key U.S. stock indices:

S&P 500: The Standard and Poor's 500 index advanced, closing at 5,633.07, an increase of 21.22 points or 0.38 percent.

Dow Jones Industrial Average: The Dow Jones Industrial Average experienced a slight decline, ending at 41,989.96, down 11.80 points or 0.03 percent.

NASDAQ Composite: The NASDAQ Composite outperformed, rising to 17,449.89, a gain of 150.60 points or 0.87 percent.

U.S,. dollar takes a dip on Tuesday, except against euro which loses ground

Tthe foreign exchange market Tuesday saw little support for the greenback ahead of the Trump trade announcements, scheduled for Wednesday. The dollar gained good ground against the euro, but was weaker against the safe-haven and surprisingly, thecommodity currencies.

Euro (EUR) / US Dollar (USD): The euro declined against the US dollar, falling to 1.0787, a decrease of 0.25 percent. This movement reflects investor caution amid recent economic announcements in the Eurozone.

US Dollar (USD) / Japanese Yen (JPY): The dollar weakened against the Japanese yen, sliding to149.61, down 0.22 percent. The yen's appreciation suggests a shift towards safe-haven assets amid global market uncertainties.

US Dollar (USD) / Canadian Dollar (CAD): The US dollar fell against the Canadian dollar, settling at 1.4314, a decline of 0.49 percent.

British Pound (GBP) / US Dollar (USD): The British pound showed resilience, edging up by 0.01 percent against the US dollar to 1.2917.

US Dollar (USD) / Swiss Franc (CHF): The US dollar experienced a marginal decline against the Swiss franc, dipping to 0.8837, down 0.04 percent. The Swiss franc's stability continues to reflect its status as a safe-haven currency.

Australian Dollar (AUD) / US Dollar (USD): The Australian dollar appreciated against the dollar, rising 0.45 percent to 0.6274. This gain comes as Royal Morgan Research published a poll showing the Australian Labor Party is likely to be returned in the upcoming May elections.

New Zealand Dollar (NZD) / US Dollar (USD): The New Zealand dollar also strengthened, increasing by 0.34 percent against the US dollar to settle at 0.5696. This movement aligns with broader trends in the Asia-Pacific currency markets.

Global Stock Markets Show Mixed Results Amid Economic Uncertainty

On Tuesday, global stock markets exhibited varied performances as investors navigated ongoing economic uncertainties and geopolitical developments ahead of U.S. President Donald Trump's 'liberation day.'.

Canada

S&P/TSX Composite Index:Canada's S&P/TSX Composite Index edged higher, closing at 25,033.28, up 115.78 points or 0.46 percent.

European Markets:

FTSE 100 (UK): Closed at 8,634.80 points, gaining 51.99 points, an increase of 0.61 percent.
DAX (Germany): Ended at 22,539.98 points, up by 376.49 points, marking a 1.70 percent rise.
CAC 40 (France): Finished at 7,876.36 points, adding 85.65 points, a growth of 1.10 percent.
EURO STOXX 50: Reached 5,320.30 points, climbing 71.91 points, up by 1.37 percent.
Euronext 100: Concluded at 1,568.90 points, increasing by 16.72 points, a 1.08 percent uptick.
BEL 20 (Belgium): Settled at 4,365.93 points, rising 30.51 points, up by 0.70 percent.

Asian & Oceania Markets:

Hang Seng Index (Hong Kong): Closed at 23,206.84 points, up 87.26 points, a 0.38 percent increase.
SSE Composite Index (China): Closed at 3,348.44 points, gaining 12.69 points, a 0.38 percent rise.
Nikkei 225 (Japan): Saw a marginal increase to 35,624.48 points, up 6.92 points, a 0.02 percent uptick.
STI Index (Singapore): Declined slightly to 3,968.85 points, down 3.58 points, a decrease of 0.09 percent.
S&P/ASX 200 (Australia): Advanced to 7,925.20 points, gaining 81.80 points, a 1.04 percent rise.
ALL ORDINARIES (Australia): Ended at 8,126.90 points, up by 73.70 points, marking a 0.92 percent increase.
S&P BSE SENSEX (India): Dropped to 76,024.51 points, losing 1,390.41 points, a decline of 1.80 percent.
IDX COMPOSITE (Indonesia): Rose to 6,510.62 points, up 38.26 points, a 0.59 percent gain.
FTSE Bursa Malaysia KLCI: Fell to 1,513.65 points, down 22.08 points, a decrease of 1.44 percent.
S&P/NZX 50 INDEX GROSS (New Zealand): Increased to 12,312.60 points, adding 42.60 points, a 0.35 percent rise.
KOSPI Composite Index (South Korea): Climbed to 2,521.39 points, up 40.27 points, a 1.62 percent increase.
TWSE Capitalization Weighted Stock Index (Taiwan): Surged to 21,280.17 points, gaining 584.27 points, a significant 2.82 percent rise.

Middle East Markets:

TA-125 (Israel): Reached 2,462.44 points, up by 15.98 points, a 0.65 percent increase.
EGX 30 Price Return Index (Egypt): Advanced to 32,026.10 points, rising 281.80 points, a 0.89 percent gain.

Africa: