U.S. stocks swerved through another shaky day of trading Tuesday, with uncertainty still high about just what President Donald Trump will announce about tariffs on his Liberation Day coming Wednesday.The S&P 500 rose 0.4% af ter roaring back from an early drop of 1%. The Dow Jones Industrial Average edged down by 11 points, or less than 0.1%, after pinging between a loss of 480 points and a gain of nearly 140, while the Nasdaq composite added 0.9%.Wall Street has been particularly shaky recently, and momentum has been swinging not just day to day but also hour to hour because of uncertainty about what Trump will do with tariffs and by how much they will worsen inflation and grind down growth for economies. On Monday, for example, the S&P 500 careened from an early loss of 1.7% to a gain of 0.7%.In the bond market, Treasury yields sank after a report said U.S. manufacturing activity contracted last month, breaking a two-month streak of growth. A separate report said U.S. employers were advertising slightly fewer job openings at the end of February than economists expected.Companies are saying theyre already feeling effects from Trumps trade war, even with the main event potentially coming on Wednesday, when the president will announce a sweeping set of tariffs.Customers are pulling in orders due to anxiety about continued tariffs and pricing pressures, one computer and electronic products company told the Institute for Supply Management in its monthly manufacturers survey.Starting to see slower-than-normal sales in Canada, and concerns of Canadians boycotting U.S. products could become a reality, a manufacturer in the food, beverage and tobacco products industry said in the ISMs survey.RELATED STORY | What to expect as new tariffs take effect this weekThe U.S. economy is still growing, to be sure, and the job market has remained relatively solid even with Februarys slightly weaker-than-expected job openings.But one of the worries hitting the market is that even if Trump announces less-punishing tariffs than feared on Wednesday, the stop-and-start rollout of his trade strategy may by itself cause U.S. households and businesses to freeze their spending, which would damage the economy. Trump has pushed for tariffs in part to bring manufacturing jobs back to the United States from other countries.All the nervousness in the market has helped push the price of gold to records, and it briefly topped $3,175 per ounce Tuesday. Thats up from less than $2,700 at the start of the year.On Wall Street, Tesla charged 3.6% higher a day ahead of reporting how many vehicles it delivered during the first three months of the year.Worries have grown about a potential backlash from customers, and protestors have been swarming Tesla showrooms due to anger about CEO Elon Musks leading the U.S. governments efforts to cut spending. Teslas stock is still down by roughly a third for the year so far.PVH jumped 18.2% after the company behind the Calvin Klein and Tommy Hilfiger brands reported a stronger profit for the latest quarter than analysts expected. It also said it plans to send $500 million to shareholders this year through purchases of its own stock.Newsmax soared another 179% to follow up on its 735% surge from Monday, which was the first day of trading for the news companys stock.On the losing end of Wall Street was Johnson & Johnson, which dropped 7.6% after a U.S. bankruptcy court judge denied the companys settlement plan related to baby powder containing talc. Its the third time the companys attempt to resolve the baby powder settlement through bankruptcy has been rejected by courts.All told, the S&P 500 rose 21.22 points to 5,633.07. The Dow Jones Industrial Average dipped 11.80 to 41,989.96, and the Nasdaq composite gained 150.60 to 17,449.89.In stock markets abroad, indexes rose across much of Europe and Asia to recover some of their sharp drops from the day before.In Europe, Germanys DAX returned 1.7%, and Frances CAC 40 rose 1.1% after European Commission President Ursula von der Leyen said the worlds biggest trade bloc would not cower in the face of U.S. trade demands.Europe holds a lot of cards, from trade to technology to the size of our market. But this strength is also built on our readiness to take firm counter measures if necessary, von der Leyen said. All instruments are on the table.In Japan, the Nikkei 225 held steady as Prime Minister Shigeru Ishiba said he was imploring Trump not to impose higher auto tariffs on Japan, a longtime U.S. ally. A central bank survey found a worsening in business sentiment among big manufacturers.In the bond market, the yield on the 10-year Treasury fell to 4.16% from 4.23% late Monday and from roughly 4.80% in January. Thats a significant move for the bond market, and yields have been falling with worries about a potentially slowing U.S. economy. ...read more read less