While Wall Street trading desks often hold differing opinions, there is a growing consensus that President Donald Trump’s upcoming tariff announcement could intensify the S&P 500 Index selloff in the near term. Many Wall Street firms, including Goldman Sachs Group Inc. and Bank of America Corp., anticipate that the highly anticipated trade measures, expected to be announced on Wednesday, will increase stock market volatility and deepen the decline in the benchmark US equity gauge. This follows the worst quarter for the S&P 500 since 2022.
— new from Bloomberg
