From Nasdaq
March 24, 2025 11:52 am:

Stock indexes are on the rise, with the S&P 500, Dow Jones Industrials, and Nasdaq 100 hitting 2-week highs. President Trump plans a tariff announcement on April 2, focusing on targeted reciprocal tariffs to ease market concerns. Stocks rally on reports of narrower tariffs, exempt countries, and less impact on global trade and growth.

The Magnificent Seven stocks and chip stocks drive market gains, supported by M&A activity. Attention this week is on economic reports, including new home sales, consumer confidence, GDP, and personal income. Geopolitical tensions in the Middle East escalate, impacting stock performance negatively.

Market dynamics show a low chance of a rate cut after the FOMC meeting. Overseas markets vary, with the Euro Stoxx 50 down and China’s Shanghai Composite up. Interest rates fluctuate, with T-notes under pressure from targeted tariffs and stock market rallies. European bond yields mix while the Eurozone S&P manufacturing PMI hits a 2-year high.

In the UK, the S&P manufacturing PMI drops unexpectedly, while the ECB strengthens its case for interest rate cuts. Cryptocurrency stocks climb with Bitcoin’s rise, boosting companies like Coinbase and Riot Platforms. Azek Co sees a significant increase after an acquisition announcement, and Boeing and Coherent Corp also show strong gains. Fedex and Viasat Inc. rise on positive upgrades, while Super Micro Computer and Lockheed Martin face losses.

Read more at Nasdaq: Stocks Rally on Optimism Over Limited Tariffs