New York Mellon Plunges 5.14% Amid Tariff Uncertainty

On April 4, 2025, New York Mellon experienced a significant drop of 5.14% in pre-market trading, reflecting investor concerns and market volatility.

New York Mellon has identified several companies that could serve as safe havens during times of tariff uncertainty. This move comes as global investors grapple with the rising chances of an economic downturn and a sprawling trade war, seeking safe-haven assets to protect their portfolios.

The bank has also highlighted the Japanese yen as a top currency hedge for investors bracing for a potential U.S. recession and intensifying trade tensions. This recommendation aligns with the broader market sentiment, where export-oriented stocks have slumped amid a rally in the safe-haven Japanese yen.

The recent tariff announcements by President Trump have added to the market's volatility, with stocks under pressure due to fears that U.S. tariffs will weaken economic growth and corporate earnings. The White House has indicated that the newest tariffs would be reciprocal with other nations and include duties on specific sectors, further complicating the global trade landscape.