You didn’t expect those gains to last, did you?
The stock market continued to waver between positive and negative territory heading into the afternoon on Thursday.
The Dow was down 213 points, or 0.5%. The S&P 500 was down 0.4%. The Nasdaq Composite fell 0.4%.
Wall Street is in a bit of a holding pattern with earnings season approaching and updates on the White House’s April 2 reciprocal tariffs looming.
The March jobs report, due out on April 4, will also provide a key update on the labor market amid the Trump administration’s cuts and taxes on imports.
The S&P 500 and Nasdaq Composite entered correction territory earlier this month amid unpredictable tariff threats and worries about weakening sentiment among consumers and businesses. Though some dip buying sparked a three-day rally through Tuesday, the market was back down on Wednesday in the wake of reports that the White House planned to announce tariffs on automobiles. Such tariffs were announced after the close.