Analysts at Macquarie said in a Monday note that “flight from the USD” stems from “concerns over the Fed’s independence” and a lack of trade deal announcements, signaling that negotiations over tariffs might last many months. Krishna Guha, vice chairman at Evercore ISI, said in a Friday note that “recent market action shows a loss of confidence in Trump economic policy,” citing higher Treasury yields and a weaker dollar. When stocks slump, investors usually seek out safe havens like US government bonds and the dollar.
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Since Trump took office, the stock market has taken a tumble, falling even further after his tariffs announcement. However, given Archer Aviation’s potential of being a first mover in this new market, the upside could be huge. For a high-risk, high-reward stock like Archer, I’d recommend a smaller, more speculative position to start.
The Motley Fool reaches millions of people every month through our premium investing solutions, free guidance and market analysis on Fool.com, personal finance education, top-rated podcasts, and non-profit The Motley Fool Foundation. The average tariff imposed by Trump on Wednesday is about 20%. Over the last three months, seven analysts have issued research reports on Archer Aviation with an average price target of $12.83, according to TipRanks. That implies close to 79% upside for its price as I write this.
Tariff tensions shake builder confidence during critical spring housing season
He said he expects Trump’s tariffs to generate “higher inflation and slower growth.” Please bear with us as we address this and restore your personalized lists. On Friday, China countered Trump’s imposed tariffs with some of their own. The country announced it would impose reciprocal 34% tariffs on all imports from the U.S. On Friday, the Dow Jones closed nearly 8% down, the S&P closed over 9% down and the NASDAQ closed 10% down. Bank of America CEO Brian Moynihan has grown the balance sheet conservatively since the Great Recession, and ideally, the widening of yields between the two-year U.S.
- Following a brief rebound, the index sank again by more than 10% between March 4 and March 9.
- This can work for those who have the skills to focus on their best ideas.
- Asia-Pacific markets traded mixed Monday as China’s central bank held rates at a time when the yuan has come under pressure due to Beijing-Washington trade tensions.
- A stock market crash is a steep decline over a short period.
- For example, the S&P 500 went into a bear market in 2022, falling as much as 25% below its previous peak.
- The big drops of the Nasdaq, S&P 500, and Dow following President Trump’s announcement of reciprocal tariffs on most countries on April 2 met this definition.
Stocks hit session lows as Powell says Fed is ‘waiting for greater clarity’
Companies that fell into the “haves” bucket included big box discounters such as Costco and Walmart, as well as grocery stores, off-price stores and brand leaders. On the other hand, department stores, luxury firms and home-related retailers made up the have-nots. The S&P 500 is down 9% since since April 2, when Trump announced a raft of levies on imports from other countries. The Nasdaq has lost nearly 10% in that time, and the Dow has fallen 9.6%.
- Ahead of the opening bell, the Census Bureau said that retail sales rose 1.4% month over month in March – a notable jump from February’s 0.2% increase and the biggest monthly gain since January 2023.
- “Tariffs will remain top of mind over the coming few months, yet investors are likely to refocus their short-term attention on the Q earnings reporting period,” said CFRA Research’s Stovall in a Monday note.
- The Motley Fool reaches millions of people every month through our premium investing solutions, free guidance and market analysis on Fool.com, top-rated podcasts, and non-profit The Motley Fool Foundation.
That decline came on the heels of the company facing boycotts and protests, and even acts of vandalism, in reaction to Musk’s involvement in politics. “The turnaround vision must start this Tuesday night on the earnings conference call for Musk and Tesla,” the analyst also said. Japan’s benchmark Nikkei 225 ended the day 1.30% lower at 34,279.92, while the broader Topix index declined 1.18% to 2,528.93. However, the analyst was optimistic that this volatility has likely died down from its peak.
“The message from price action can be much more transparent than what you may read about in the financial press or see on television,” LPL said. The average U.S. tariff rate was about 3% before Trump took office. Electric aircraft company Archer Aviation (ACHR 2.24%) has excited investors with the prospect of bringing commercial air taxis to the masses. Archer has designed an electric aircraft that can take up to four passengers and a pilot on 20- to 50-mile trips.
Dow Jones Stocks’ News
A strong March retail sales report could not quiet investors’ skittishness and selling accelerated after Federal Reserve Chair Jerome Powell said that the central bank remains in no rush to cut rates. Asia-Pacific markets traded mixed Monday as China’s central bank held rates at a time when the yuan has come under pressure due to Beijing-Washington trade tensions. In a Monday note, analyst Michael Graham expressed his belief that uncertainty will continue to hang over stocks — at least in the near term. The Pershing Square chief revealed that his investment firm has taken a 19.8% stake in the company comprised of outright share ownership and total return swaps.
The small-cap benchmark still sits 23.75% below its record high, however. India’s benchmark Nifty 50 advanced 1.32% while the broader BSE Sensex added 1.35% as of 1.25 p.m. Check out Some of the companies making headlines in premarket trading. “We see travelers increasingly migrating towards the value inherent in cruising. We think vacationers value the ease in budgeting with potential for a single transaction to cover transportation, lodging, food, and entertainment,” she wrote. “We are skeptical that consumers will just skip vacations, and cruising seems like a good value option if travel budgets are cut.”
The next holiday when the stock market will be closed is on Memorial Day, May 26. The closure will give Wall Street a brief break after a turbulent week that saw the Dow plunge into the red Thursday, following UnitedHealth’s annual profit forecast. Investors this week also rushed to sell off stocks after Fed Chair Jerome Powell on Wednesday warned that the Trump administration’s tariffs could drive up inflation. The stock market will be closed on April 18 in observance of Good Friday. Stocks opened lower Wednesday and stayed there through the close.
The stock exchange also closed on Thursday, Jan. 9 this year in honor of the later former President Jimmy Carter and to pay tribute on the National Day of Mourning. After the November 2024 election, the stock market hit an all-time high, with conservative media pundits claiming that it showed the promise of a prosperous economy during Trump’s second term in office. Investing is about looking toward the future and trying to take advantage of sell-offs to buy stocks at good prices.
Monday brought an even bleaker outlook for the S&P 500 when it went into a bear market. Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services. Now, it’s worth notingStock Advisor’s total average return is792% — a market-crushing outperformance compared to153%for the S&P 500. Don’t miss out on the latest top 10 list, available when you joinStock Advisor. The Motley Fool is a USA TODAY content partner offering financial news, analysis and commentary designed to help people take control of their financial lives.
According to their calendars, the Nasdaq and the New York Stock Exchange are both closed on Friday, April 18, in observance of Good Friday. The bond market is also off today after closing early yesterday at 2 p.m. EST, as indicated by the Securities Industry and Financial Markets Association holiday schedule. Nvidia stock fell 6.9% today, losing $188 billion dowmarkets in market value.
In other words, it’s in no hurry to cut interest rates prematurely. The front-loading of purchases came in the lead-up to President Donald Trump’s Liberation Day, where he announced sweeping retaliatory tariffs, and sparked a historical stock market sell-off. Most of these tariffs have since been paused, but only temporarily. “With ‘Liberation Day’ tariffs now considered a ceiling, the market is likely to stay nimble on any upcoming news, as exemptions or pain points are likely to drive performance.” The selloff in shares of Norwegian Cruise Line Holdings has become a buying opportunity, according to Loop Capital.
The “granny shots” refers to stocks that fit into at least two key themes favored by the Fundstrat portfolio managers. The fund’s top holdings include Progressive, Abbott Laboratories and Netflix. Shares of Uber extended their losses on the day after the news broke. With Monday’s declines, the ETF has dropped more than 12% over the last five trading days. The strategist listed his favorite sectors as information technology, financials, industrials, consumer discretionary and communications services. “One of the things that is becoming very clear is the underlying tension between the Fed and the administration,” said Michael Green, chief strategist of Simplify Asset Management.