On the eve of President Donald Trump’s anticipated “Liberation Day,” U.S. stocks experienced a turbulent trading session. The S&P 500 managed a slight midday rise of 0.3%, rebounding from an earlier 1% loss, while the Dow Jones Industrial Average and the Nasdaq also showed marginal gains. Investor uncertainty is heightened due to potential tariff announcements and their implications for inflation and economic growth. Tesla’s stock rose by 5.8% amid overall steep losses this year, as the company anticipates reporting its quarterly vehicle deliveries. PVH Corp. surged 16.4% on strong profits and plans for substantial stock repurchases. Meanwhile, bond yields fell following a report indicating contracting U.S. manufacturing activity, adding to concerns about the economic outlook.