U.S. stocks are swerving through another shaky day of trading, with uncertainty still high about just what President Donald Trump will announce about tariffs on his “Liberation Day.”

Wall Street benchmarks ended in mixed fashion on Tuesday after a topsy-turvy session, as investors were caught in limbo ahead of the impending tariff announcements from the Trump administration.

On Wall Street, the markets have gone through weeks of extreme volatility amidst concerns about what a spike in tariffs will do to the economy. The financial sector, in particular, remains skittish about the exact scope and breadth of what Trump will announce at his pomp and circumstance-filled Wednesday presser.

Wall Street is bracing for President Trump's biggest round of tariffs yet. NBC News' Kelly O'Donnell reports more on what the Trump administration is saying and NBC News' Brian Cheung joins Chris Jansing from a car dealership to discuss the potential impact on the auto industry.

Ferrari manufactures all its cars at its Maranello facility, in northern Italy. But it's not just the imported super luxury carmakers that will be forced to boost prices, experts said.Start the day smarter.

When President Trump secured his second term in November, Wall Street had convinced itself it had every reason to triple-down on US equities. The S&P 500 was wrapping off back-to-back years of 20% gains, inflation was cooling, and the “American exceptionalism” play looked like the latest boon to the AI trade.

Two Wall Street analysts on Monday called on the Trump administration to “re-evaluate” Robert F. Kennedy Jr.’s role as the secretary of the U.S. Health and Human Services department, saying his “apparent anti-science and libertarian agenda” threatened public health.

Asian shares are sharply lower, with benchmarks in Tokyo and Taiwan falling more than 4% after Wall Street had another wipeout.