Stock market today: More swerves hit Wall Street as Trump’s “Liberation Day” nears

NEW YORK (AP) — U.S. stocks are swerving through another shaky day of trading Tuesday, with uncertainty still high about just what President Donald Trump will announce about tariffs on his “Liberation Day” coming Wednesday.

The S&P 500 was up by 0.3% in midday trading after storming back from an early drop of 1%. The Dow Jones Industrial Average was up 34 points, or 0.1%, as of 11:30 a.m. Eastern time, after eliminating a morning loss of 480 points. The Nasdaq composite was 0.7% higher.

Wall Street has been particularly shaky recently, and momentum has been swinging not just day to day but also hour to hour because of uncertainty about what Trump will do with tariffs — and by how much they will worsen inflation and grind down growth for economies. On Monday, for example, the S&P 500 careened from an early loss of 1.7% to a gain of 0.6%.

Tesla helped drive Tuesday’s rise after climbing 5.8%. That, though, clawed back just a small portion of the electric-vehicle maker’s steep losses this year, and it’s still down by nearly a third for 2025 so far.

Elon Musk’s company is expected to report on Wednesday how many vehicles it delivered during the first three months of the year, and worries have grown about a potential backlash from customers. Protestors have been swarming Tesla showrooms due to anger about Musk’s leading the U.S. government’s efforts to cut spending. ... more