Photo from The LA Times
The stock market today was extremely mixed, as investors are awaiting the tariff orders to be in place on April 2nd. The tariffs are planned to go into effect which makes investors project the market will go down. Some stocks to steer clear of are companies who make products for the US brands overseas, such as Nike. The S&P 500 rose by 0.38%, closing at 5,633.07, while the Nasdaq Composite gained 0.87%, finishing at 17,449.89. On the other hand, the Dow Jones Industrial Average dipped slightly, losing 11.80 points, or 0.03%, to settle at 41,989.96.
Today the consumer-based stocks sector had gains, with stocks such as Tesla increasing by 3.6%. However, the main focus by investors is still what will happen in the morning. The Institute for Supply Management’s manufacturing survey revealed weaker-than-expected results, which is a significant issue. February’s job openings were also released which were extremely short of projections, making many investors queasy.
Despite how volatile the market has been, several investors have faith in Donald Trump to stimulate the market again despite the tariff losses. Anshul Gupta from Barclays noted that while the tariffs are causing a decrease in shares, something will be sparked in Q2 of 2025. Some things to look forward to investment wise at the end of this week are macroeconomic indicators such as manufacturing PMI and nonfarm payrolls to see the projected market for the upcoming future. Some movers today were Nivida being up 1.63%, PLTR fluctuating around the $80 a share range, and Brazilian exchange BOVESPA was up 0.68% today.
Tuesday’s trading followed a challenging first quarter for major indices. The S&P 500 fell 4% over the quarter, while the Nasdaq declined by 10%, marking their worst quarterly performance since 2022.
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