Wall St Week Ahead: Markets brace for more tariff tumult

More volatility could be in store ahead of the April 9 deadline Trump set for his reciprocal global tariffs to take effect. — AFP

NEW YORK: Tariff-stunned markets face another week of potential tariff turmoil, with fallout from President Donald Trump's sweeping import levies keeping investors on edge after the worst week for US stocks since the onset of the coronavirus crisis five years ago.

Investors will look for signs the stock market may be close to at least a short-term bottom after Trump's tariffs rocked global asset prices this week. The benchmark S&P 500 lodged its biggest weekly drop since March 2020 and the Nasdaq Composite on Friday ended down more than 20% from its December record high, confirming the tech heavy index is in a bear market. The Dow Jones Industrial Average finished the week down well over 10% from its December record high, marking a correction for the blue-chip index.