Tesla (TSLA) +2% Tesla shares bounced after a rough Monday, despite being down 36% in Q1 — the worst Q1 in company history. Investors are now eyeing its Q1 delivery report due Wednesday, with Street estimates hovering around 380,000 units . Analysts have been revising expectations lower amid backlash over Elon Musk’s role in Trump’s administration. Chinese EV Makers Up XPeng (XPEV) +1.6% : Delivered 33,205 vehicles in March — its fifth straight 30k+ month. NIO (NIO) +1.6% and Li Auto (LI) +1.4% also gained on strong March deliveries. Nvidia (NVDA) -0.6% Still under pressure after a 19.3% Q1 drop , its worst since 2022. Investor worries over AI spending, tech valuation, and trade tensions are weighing heavily. Johnson & Johnson (JNJ) -5% Fell after a Texas judge dismissed J&J’s third bankruptcy attempt to settle talc-related lawsuits via Chapter 11. PVH Corp (PVH) +18.9% Shares surged after Q4 earnings beat expectations ...
US stocks experienced declines on Wednesday, with both the S&P 500 and Nasdaq in negative territory as investors remained cautious in light of uncertainties surrounding President Donald Trump's upcoming tariffs and their potential economic impact.
Key Points:
Market Performance:
The S&P 500 fell 0.34%, losing 19.38 points to 5,757.73.
The Nasdaq dropped 0.98%, losing 179.23 points to 18,092.63.
The Dow Jones Industrial Average managed a small gain of 0.33%, rising 141.3 points to 42,728.8.
Tariff Concerns: Investors are watching closely as Trump’s new 25% auto tariffs are set to take effect April 2. While some reprieve was granted earlier this week due to speculation about potential exemptions for certain countries, the ambiguity over the tariffs’ full scope and retaliatory measures from other nations have kept investors on edge.
Revised Market Outlook: Barclays revised its S&P 500 target downward to 5,900 from 6,600, citing ongoing uncertainty related to the tariffs and broader market concerns.
Growth Stocks Hit: The S&P 500 was weighed down by growth stocks such as Tesla (-3.2%), Nvidia (-3.5%), and Alphabet (-1.5%).
Energy Sector: On a positive note, the energy sector rose by 1.3%, driven by climbing crude oil prices. This surge was fueled by concerns over tighter global supply, particularly after the US threatened tariffs on nations buying Venezuelan oil.
Upcoming Economic Data: Investors are looking ahead to the personal consumption expenditures (PCE) price index — a key inflation gauge from the Federal Reserve — which will be released on Friday. Analysts are watching for signs of persistent inflation amid broader economic uncertainty.
Job Cuts and Market Volatility: Analysts anticipate that sluggish dealmaking on Wall Street could lead to a wave of job cuts, particularly with economic uncertainty affecting hiring decisions.
Retail and Tech Stocks:
Dollar Tree rose 3.8% after it announced nearing a $1 billion sale of its Family Dollar business.
GameStop jumped 9.8% after it revealed plans to incorporate bitcoin as part of its treasury reserve.
Overall, the market remains sensitive to tariff-related developments and economic data, with investors keeping a close watch on potential policy shifts and their impact on inflation and growth.
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