US Stock Market Turmoil: Should You Ride Out Tariff Fallout or Buy the Dip?

The stock market is seesawing as the world reacts to President Donald Trump's wide-ranging tariffs and the resulting fallout. The S&P 500, a benchmark for US stocks, and the Dow Jones Industrial Average have been down each day since tariffs were announced, despite temporary rebounds as tariff pause rumors gave traders hope. The rumors proved true, as the president today announced a 90-day pause on reciprocal tariffs -- with the exception of China -- sending stocks soaring this afternoon. "It is very difficult for businesses to plan in this chaotic tariff environment created by the Trump administration," said Robert Johnson, CEO of Economic Index Associates and professor of finance at Creighton University's Heider College of Business. Markets usually react negatively to tariffs, which are taxes on imported goods that usually drive up prices for consumers and stifle global trade. While escalating tariff threats are eroding both consumer and corporate confidence, cuts to the federal wor ... Read full article.