Stock Market Update
03-Apr-25 14:00 ET
Gold drops 1.4% to $3,121 as tariff shock ripples through markets
Dow -1332.77
at 40892.55,
Nasdaq -917.72
at 16683.33,
S&P -226.84
at 5444.13
[BRIEFING.COM] With about two hours to go on Thursday the tech-heavy Nasdaq Composite (-5.21%) is the worst-performing major average.
Gold futures settled $44.50 lower (-1.4%) at $3,121.70/oz, driven by investor reactions to President Trump's announcement of sweeping new import tariffs, including a 10% baseline on all U.S. imports and a 25% tariff on global car and truck imports.
Meanwhile, the U.S. Dollar Index is down about -1.5% to $102.10.
