Tariffs causing market correction, Amazon stock dropped, Wells Fargo facing challenges.

From Nasdaq: 2025-04-04 10:54:00

The stock market is in correction territory after Trump’s tariff announcements, with the S&P 500 down and the Nasdaq close to a bear market. Amazon’s stock has dropped by nearly 30% in 2 months due to sensitivity to the U.S. consumer. CEO Andy Jassy has improved efficiency, and AWS is growing impressively.

Bank stocks, like Wells Fargo, have been hit hard by tariffs and could face challenges if a recession hits. However, if the trade war leads to faster Federal Reserve rate cuts, it could boost net interest margins. Wells Fargo is well capitalized and could be worth consideration at its current valuation.

Consider investing in Amazon with the Motley Fool Stock Advisor, which provides guidance on building a successful portfolio. The service has outperformed the S&P 500 since 2002, with top stock picks each month. While Amazon isn’t on their current list, the service has identified 10 stocks with potential for significant returns.

Disclosure: John Mackey, former Whole Foods CEO, is on The Motley Fool’s board of directors. Wells Fargo is an advertising partner with Motley Fool Money. The Motley Fool has positions in and recommends Amazon. The author, Matt Frankel, also has positions in Amazon.



Read more at Nasdaq: Tariffs Are Crushing These 2 Stocks. But Long-Term Investors Are Getting an Incredible Bargain.