Equity futures sink, gold rises after Trump imposes tariffs

• Gold gains ground on safe-haven flows
• Treasury yields fall while U.S. dollar loses ground
• Trading choppy after Trump tariff announcements
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Equity futures fell on Wednesday after the U.S. market close while safe-haven gold and bond prices rose as investors worried about U.S. President Donald Trump's announcement of 10% tariffs on all imports, with much higher rates for some trading partners.

S&P 500 E-minis stock futures initially rose after Wall Street indexes closed the regular session higher, but then lost ground as Trump went into detail about his tariff plans in a White House Rose Garden event.

S&P 500 futures ES1! fell 1.6% as Trump spoke while Nasdaq futures NQ1! fell 2.4%.

Trump, who has referred to Wednesday as "Liberation Day", outlined a range of levies for different countries including

What’s up with the #VIX?

Among the most ac­tively traded op­tions tied to the VIX in re­cent sessions have been those tied to the gauge jump­ing to as high as 47.5 or 30, a sign that some traders are po­sition­ing for more tu­mult later this year.

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It has now been more than three months since the S&P 500 has pulled back at least 3%, one of the longest such stretches since World War II, Deutsche Bank re­search shows. The av­er­age weekly move for the bench­mark has been less than 1% in either di­rec­tion.