Stock market faces uncertainty and significant drops due to tariff stress, with potential impact ahead.

From Nasdaq: 2025-04-04 15:16:00

In March, the Dow Jones, Nasdaq, and S&P 500 all closed with monthly and quarterly losses. The Nasdaq and S&P 500 saw their worst monthly drops since December 2022 and first quarterly losses since September 2023.

Stocks faced uncertainty over tariffs, leading to a market tumble and worst single-day percentage drops since 2020. The Nasdaq was on track for a nearly 10% weekly loss, with all three indexes pacing for their worst weeks since 2020.

Amazon is a top pick for Q2, while Intel may struggle. EQT is a “buy,” but Boeing could be bearish. Gold mining stocks resisted the tariff selloff, while Nike, Apple, and semiconductor stocks suffered. Deere and Caterpillar drew put trader attention, and the Invesco QQQ Trust was in the red.

Delta Air Lines and major financial institutions like BlackRock and JPMorgan Chase are set to report earnings. Inflation data and Federal Reserve commentary will also impact the market in the second week of April. Wells Fargo and Morgan Stanley are among the companies to watch.

An analysis by Schaeffer’s Senior Quantitative Analyst Rocky White highlights a short-term bull signal facing off with a longer-term alarm on Wall Street. The SPX’s “V-shaped rally” may be put on hold, according to Schaeffer’s V.P. of Research, Todd Salamone.



Read more at Nasdaq: Tariff Stress Pressures Stocks to Daily, Weekly Covid Lows