Wall Street Gets Tariffied

2025-03-28 23:10:00 ET

Summary

• Investors capped the week with all the grace of a sneeze in a violin recital, as the S&P 500 notched its second-worst performance of the year and the Nasdaq its fourth.
• Tariff and stagflation fears dominated, with all eyes on next week’s April 2 “Liberation Day” announcement of reciprocal tariffs.
• Inflation reasserted itself, with February’s core PCE rising 0.4% month-over-month, warmer than expected and enough to make the Fed sweat through its hawkish feathers.

If misery loves company, the stock market threw a block party today.

Investors capped the week with all the grace of a sneeze in a violin recital, as the S&P 500 notched its second-worst performance of the year and the Nasdaq its fourth. Of the past six weeks, the market faceplanted five....

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