Gabelli Equity Trust Inc shares fall 3.66% intraday as Trump tariff pause boosts global markets.

Gabelli Equity Trust Inc. dropped 3.66% during intraday trading. The decline occurred as President Donald Trump announced a 90-day pause on tariffs and reduced levies on many countries, which triggered a wave of relief that added trillions of dollars of lost value back onto world stocks. This historic move left investors reeling in a positive way, but it may be a fragile situation.