From Nasdaq: 2025-04-16 13:00:00

Stock indexes closed lower today, with the S&P 500 down -1.05%, the Dow Jones down -0.38%, and the Nasdaq down -1.76%. Chip stocks led the losses, with ASML and Nvidia taking significant hits. WTO cut 2025 global trade estimates, deepening market losses. US economic news was better than expected, offering some support to stocks.

US retail sales rose in March, with a +1.4% increase, while manufacturing production rose +0.3%. NAHB housing market index unexpectedly rose to 40. US MBA mortgage applications fell -8.5%. Dollar hit a 3-year low, gold prices surged to all-time high amid concerns over US trade policy impact on economic growth and corporate earnings.

US tariff tensions continue, impacting markets. President Trump’s tariff decisions have led to retaliatory measures from China and the EU. The ongoing trade turmoil has affected consumer confidence and capital spending plans, raising concerns about GDP growth. Markets await Fed Chair Powell’s economic outlook speech and housing data later this week.

Chip stocks like Nvidia and AMD saw significant losses after the US government banned chip sales to China. Other tech giants like Apple, Tesla, and Microsoft also faced declines. Energy companies like Devon Energy and Marathon Petroleum saw gains due to a rally in WTI crude oil prices. Interactive Brokers and JB Hunt Transport Services reported weaker-than-expected results, leading to stock declines.

Abbott Laboratories and Travelers Cos reported strong Q1 earnings, leading to stock gains. United Airlines Holdings and Autoliv also saw positive earnings impact. Newmont and Lockheed Martin received positive analyst recommendations, leading to stock gains. Earnings reports from various companies are expected on 4/16/2025. European bond yields fell, while the UK’s CPI data was weaker than expected.

Overall, market volatility continues due to trade tensions and economic uncertainty. Analysts are closely monitoring upcoming economic data releases, earnings reports, and trade policy developments for further market direction. Investors are advised to stay informed and cautious in the current market environment.



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