From Yahoo Finance: 2025-04-07 09:29:00

The hurdle to buying stocks is high amid the Trump tariff policy-driven market rout, warns JPMorgan’s Mislav Matejka. Markets have shed $5.4 trillion in value post big-time tariffs announcement. Heavy selling continued globally with Tokyo’s Nikkei down 7.8% and Hong Kong’s market plunging 12%. S&P 500 is now at its lowest in 11 months.

Futures on Dow Jones dropped over 1,100 points as markets face carnage. S&P 500 down 17% from February highs, nearing bear market territory. S&P 500 now down 13.4% in 2025, one of the worst starts since 1990. All “Magnificent 7” stocks down double digits, with Tesla leading at 40% drop.

RBC Capital Markets strategist Lori Calvasina seeks bargains as markets face downward revisions. Sectors facing challenges in determining reasonable EPS assumptions. Follow Yahoo Finance’s Executive Editor Brian Sozzi on Twitter, Instagram, and LinkedIn for more insights.

Read more: 3 things that must happen to get bullish about stocks again: JPMorgan