U.S. stock index futures popped in Wednesday after hours trading, as President Donald Trump's event to announce reciprocal tariffs kicked off. Benchmark S&P 500 futures (SPX) were last +1.2%, while Nasdaq 100 futures (US100:IND) were +1.

Wall Street had hoped for a rally. Stock futures are in a free fall as investors digest President Donald Trump’s sweeping tariffs.

U.S. stocks turned sharply lower in after-hours trading after President Donald Trump announced sweeping new tariffs of at least 10% on imports from all trading partners.

Trump's punishing tariffs have shaken a global trading order that has persisted for decades, raised fears of recession and driven worldwide stocks sharply downward. The S&P closed below 5,000 for the first time in nearly a year on Tuesday and is nearing a bear market,

U.S. stock and bond markets swung to gains Wednesday on President Donald Trump’s pause on some tariffs for many countries — but a global trade war still has investors on edge.

From the daily newsletter: how turbulence in the bond market likely inspired the Administration’s change of course.

Trump's turnabout, which came less than 24 hours after steep new tariffs kicked in on most trading partners, followed the most intense episode of financial market volatility since the early days of the COVID-19 pandemic.

The emergency of the moment is the economy. President Donald Trump declared a national emergency to address a long-standing trade imbalance and declare a global trade war. After a week of market calamity and recession fears,

While a recession is not off the table, the likelihood has diminished from where it was early this morning before the 90-day pause was announced,” said Chris Bragati, chief investment officer at SWBC,