Wall Street shakes off tariff trepidation

Here's what moved markets today.

Get full access to Reuters.com for just $1/week. Subscribe now. Trading Day Trading Day Making sense of the forces driving global markets   By Alden Bentley, Breaking News Editor, Finance & Markets, Americas   Jamie is enjoying some well-deserved time-off, but the Reuters markets team will still keep you up to date on what moved markets today.  Investors' aversion to uncertainty was the theme across global markets on Monday in the run up to U.S. President Donald Trump's promised April 2 "Liberation Day" tariff announcements. After sharp share falls in Asia and Europe, the risk-off contageon hit Wall Street in early trade, while safe-haven Treasuries were bought and gold topped $3,100 an ounce for the first time. However, the S&P 500 and the Dow clawed their way back into the green even as Treasury yields stayed slightly lower on the day amid worries about how Trump's trade war will impact U.S. and overseas growth. Goldman Sachs said it increased the probability of recession this year to 35%, also lowering its US GDP growth forecast and year-end target for the S&P 500, establishing itself as the most bearish big firm so far. Month and quarter-ended adjustments were also afoot, so the choppiness was not a surprise.   Data refreshes every time you open this email. For more U.S. market news, click here. Please send any feedback to morningbid@thomsonreuters.com. Today's Key Market Moves The S&P 500 ended up 0.55% at 5,611.51 The 10-year U.S. Treasury note yield fell 3.3 bp to 4.222% The euro fell 0.12% against the dollar to $1.0814 The dollar rose 0.1% against the yen to 149.93 yen Gold bullion rose 1.29% to $3,123.92 an ounce Tariff tantrum What could move markets tomorrow? Japan February unemployment Reserve Bank of Australia monetary policy meeting US Job Opening and Labor Turnover Survey for February US March ISM Manufacturing PMI If you have more time to read today, here are a few articles I recommend to help you make sense of what happened in markets today. As 'Buy Canadian' grows, more US companies say retailers shunning their products Trump auto tariffs threaten new supply-price shock Gold sprints to record above $3,100/oz, set for best quarter since 1986 FX options volume surge as investors juggle tariff risks Markets in Q1: Everything's been Trumped!     Opinions expressed are those of the author. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias. Sponsors are not involved in the creation of newsletters or other Reuters news content. Advertise in this newsletter or on Reuters.com Morning Bid is sent every weekday morning. Think your friend or colleague should know about us? Forward this newsletter to them. They can also sign up here. Want to stop receiving this email? Unsubscribe here . To manage which newsletters you're signed up for, click here. Terms & Conditions and Privacy Statement © 2025 Thomson Reuters. All rights reserved. 3 Times Square, New York, NY 10036