U.S. President Donald Trump's scheduled April 2 tariff policy announcement could clear a fog of uncertainty that has clouded financial markets this year, yet few investors expect to get the definitive guidance they seek.

Wall Street edged lower after getting pulled in opposite directions as President Donald Trump’s latest tariff escalation creates winners and losers among auto stocks.

U.S. stocks are falling following discouraging updates on inflation and how much U.S. households may be willing to spend. The S&P 500 fell 1.5% Friday.