Wall Street Swings as Trump’s "Liberation Day" Shakes Global Markets

President Donald Trump’s impending “Liberation Day” caused sharp swings in stock markets worldwide, Stan Choe reported for The Associated Press (AP).

Wall Street’s swings followed a global sell-off earlier Monday as fears grew over the potential consequences of Trump’s tariffs.

On Wall Street, the S&P 500 rebounded 0.6% after initially falling as much as 1.7% in the morning, capping another volatile trading session.

The index’s losses for the first three months of the year now stand at 4.6%, making it the worst quarter in two and a half years. The Dow Jones Industrial Average also reversed an early loss, climbing 417 points, or 1%.

However, declines in Tesla, Nvidia, and other major tech stocks dragged the Nasdaq composite down 0.1%.

Asian and European markets also saw steep losses. Japan’s Nikkei 225 index plunged 4%, South Korea’s Kospi fell 3%, and France’s CAC 40 declined 1.6%.

These sharp fluctuations have become routine for the U.S. stock market, fueled by uncertainty over Trump’s trade policies—particularly his proposed tariffs. Investors remain concerned about how these measures will impact inflation and economic growth.

Wall Street’s swings followed a global sell-off earlier Monday as fears grew over the potential consequences of Trump’s tariffs, which he claims will bring manufacturing jobs back to the U.S., AP reporters Junzhe Jiang and Matt Ott also noted.