Wall Street Trading Desks Warn S&P 500 Selloff Will Get Worse

Wall Street trading desks disagree on many things, but there’s one view they now seem to share: President Donald Trump’s looming tariff announcement will likely exacerbate the S&P 500 Index selloff, at least in the near term.

Many Wall Street firms — including Goldman Sachs Group Inc. and Bank of America Corp. — expect Wednesday’s highly anticipated trade measures to raise stock market volatility and deepen the slide in the benchmark US equity gauge, which just came off its worst quarter since 2022.