TLDR 

MARKET RECAP → The S&P 500 (VOO) edged higher ahead of Trump’s “Liberation Day” tariff announcements after the close of trading.

TRUMP'S TARIFFS ROCK MARKETS → Trump unleashed immediate tariffs targeting more than 20 countries, rattling markets, spooking investors, and prompting Canada and Mexico to pledge swift retaliation—proving once again that economic drama is America's favorite new export. 🌎

PRIVATE JOBS BEAT EXPECTATIONS IN MARCH → 📈 U.S. private employers added 155,000 jobs in March, exceeding forecasts and highlighting the labor market's resilience despite ongoing trade tariff uncertainties.

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MARKETS

Market Snapshot

Today’s S&P 500 Heatmap

Notable Earnings This Week

TODAY’S TOP NEWS

Trumps Tariffs Rock Markets, Spark Global Backlash

🔻 Stocks wobbled as Trump prepared to roll out new, immediate tariffs aimed at over 20 countries, fueling investor uncertainty and driving gold prices higher as traders fled risk.

🌎 The administration considered various tariff strategies, ranging from uniform rates to tailored tariffs per country—leaving global trading partners like Canada and Mexico bracing for impact and vowing retaliation.

⚖️ Politicians criticized Trump's unilateral tariff actions as a dramatic overreach and erosion of congressional authority, setting the stage for intense economic and political fallout.

TODAY’S TOP NEWS

Private Jobs Beat Expectations In March

📈 Private payrolls grew by 155,000 in March, topping forecasts and easing fears that Trump's tariff drama was freezing the labor market. Professional services and finance led the charge, though trade and transportation lost ground, possibly struggling to dodge tariff turbulence.

💰 Wage growth stayed strong—job changers pocketed a 6.5% raise, while those loyal to their desks saw 4.6%, shrinking the pay-gap between stayers and movers to a record low. Still, job-switching enthusiasm appeared muted, reflecting caution among workers.

🧐 Overall, ADP’s surprise report painted a picture of resilience, suggesting businesses weren't letting policy uncertainty hold back hiring. All eyes now turn to Friday’s government payroll report for confirmation—because two data points are better than one.

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