Asia Markets Mixed, Europe Rebounds Amid Tariff Uncertainty, Gold Hits New High - Global Markets Today While US Slept
Benzinga (Tue, 01-Apr 7:02 AM)
On Monday, March 31, U.S. markets closed mixed. The S&P 500 and Nasdaq recorded their worst monthly and quarterly performances since 2022, driven by uncertainty surrounding Trump’s economic policies and tariffs.
The S&P saw a notable decline, while the Nasdaq dropped significantly. March was particularly challenging due to concerns about global trade tensions and inflation. However, sectors like energy showed growth, highlighting the importance of diversification.
In economic data, the March Chicago PMI rose to 47.6, exceeding expectations, while the Dallas Fed’s Texas manufacturing index dropped to -16.3, its lowest level since July 2024.
Most S&P 500 sectors ended higher, with consumer staples, financials, and utilities leading the gains. However, consumer discretionary stocks diverged, closing lower.
The Dow Jones Industrial Average was up 1.00% at 42,001.76, ...
