From Yahoo Finance: 2025-04-01 10:12:00

Stocks fell on Tuesday ahead of Trump’s tariff announcement. The S&P 500 dropped 0.6%, Nasdaq slid 0.4%, and Dow Jones declined 1%. Economic indicators softened, with ISM manufacturing index at 49.0 and JOLTS job opening tally at 7.57 million in February. Construction spending rebounded in February.

Investors await Trump’s import tax announcement focusing on “country-based” duties. Speculation about limiting the scope of tariffs was countered by Trump’s plan for reciprocal tariffs with all countries. Be cautious on April Fool’s Day for hoaxes. CoreWeave rose 2.3%, Ford fell 1.3%, PVH surged 17%, Tesla gained 1%.

Tesla shares are expected to disappoint investors with sales forecasted below 400,000 units. Xiaomi ADRs plunged 7.4% after reports of a fatal car crash involving its SU7 model. XPeng’s U.S.-traded shares rose 1.1% as deliveries surged 268% in March. Stay updated on the latest news on Facebook, Twitter, and Instagram.

Read more: Tesla, Nvidia, CoreWeave, Calvin Klein parent PVH, Xiaomi, Ford, XPeng: Stocks to watch today