The S&P 500 Index ($SPX) (SPY) Wednesday closed down -1.12%, the Dow Jones Industrials Index ($DOWI) (DIA) closed down -0.31%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -1.83%. June E-mini S&P futures (ESM25) are down -1.21%, and June E-mini Nasdaq futures (NQM25) are down -1.88%.
Stock indexes retreated Wednesday because of concerns that US trade policies could derail the economy and boost inflation. Stocks are under pressure due to US trade uncertainty as the markets await more clarity on tariff policies and the economic outlook ahead of President Trump’s April 2 deadline for new reciprocal tariffs. Losses in stocks accelerated Wednesday when President Trump said he would announce tariffs on the auto industry after the markets close.
