S&P 500 drops 3.1% in worst week since September as volatility rattles markets

The unemployment rate edged up to 4.1 percent. Concerns over economic softening emerged, briefly pushing Treasury yields lower. 

Uncertainty around US trade policy added to the market’s turbulence.  

On Thursday, US President Donald Trump announced that tariffs on goods from Canada and Mexico covered under the USMCA would be delayed until April 2. This move significantly scaled back the initial tariff plan, which also included China.  

However, ongoing policy shifts and a lack of clarity kept investors wary, contributing to the week’s market decline.   

“The market does not like uncertainty,” said Glen Smith, chief investment officer at GDS Wealth Management. “While we expect the market to find its footing and recover from the tariff-driven selloff, investors should brace for continued choppiness until these uncertainties clear.”