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Today's Market
March 28, 2025 at 6:00 p.m. EST
Last week markets finally stabilized, breaking a four-week losing streak with markets ending on a positive note as President Trump broke the tariff silence suggesting there could some “flexibility”. Coming on the heels of options expiration that news and a bounce back in services PMIs caused a sharp snap back rally in equity markets on Monday. However, the tariff tranquility didn’t last long. Wednesday was a key turning point again. The weakness began in the AI complex and ultimately bled into other momentum stocks. The White House then announced that President Trump would hold a press conference on auto tariffs. The auto tariff announcement places 25% tariffs on imported autos and some auto parts starting April 2.
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