Wall Street Rebounds Ahead Of Tariff Announcement, Small Caps Rally, Bitcoin Hits $87,000: What's Driving Markets Wednesday?

Wall Street extends gains on Wednesday, as investors remain resilient in their risk appetite despite the looming announcement of sweeping trade tariffs by President Donald Trump.

The president is scheduled to speak at 4 p.m. ET on what he dubbed "Liberation Day," with expectations pointing to the imposition of tariffs around 20% on a broad range of goods.

The S&P 500 is up 0.8%, aiming for what could become its third consecutive positive session. The Nasdaq 100 is also rebounding strongly, rising 1.1%, while small-cap stocks outperform large caps, with the Russell 2000 climbing 1.5%.

Nearly all sectors are in the green, except defensive consumer staples. Consumer discretionary and tech lead the way in performance.

Treasury yields are on the rise, with the 30-year yield hitting 4.57%, up 5 basis points, dragging the iShares 20+ Year ...

https://www.benzinga.com/economics/macro-economic-events/25/04/44612611/wall-street-rebounds-ahead-of-tariff-announcement-small-caps-rally-bitcoin-hits-8