All Major Indexes Now Negative
Live Blog Update #11 Published
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As of 2:42 p.m. ET, all major indexes are now negative.
The Nasdaq is down .72%, S&P 500 down .48%, and the Dow Jones down .01%.
The Russell 2000 is seeing the worst losses and is now down 1.45%. That index is now trading back at July 2018 levels.
All Updates from Live Coverage
If you’re hoping tomorrow could be a breakout day, futures aren’t providing much enthusiasm. As of 10:45 p.m. ET, futures are pointing to another 100-point loss in the Nasdaq tomorrow.
Obviously, markets remain volatile so a single statement about negotiating by the Trump Administration could change everything.
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US trade rep on tariff progress: U.S. Trade Representative Jamieson Greer told the Senate Finance Committee that around 50 countries are engaging in talks to sidestep Trump’s import tariffs, intended to shrink U.S. trade deficits, though he acknowledged potential “challenges.”
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China’s tariff retaliation: China promised to “fight to the end” with countermeasures after Trump proposed an additional 50% tariff on Chinese imports, heightening trade war tensions.
The relief rally that began the day has lost all momentum.
The Nasdaq has now sunk 6.4% from its intraday highs. Overall, its down 1.88% as of 3:12 p.m. ET and continues to sink lower.
The Nasdaq Composite has gone from a peak gain of 4.6% earlier today to negative territory currently.
AI stocks were seeing some of the strongest gains to start the day, but they’re now fading alongside the market.
- NVIDIA: Up 1.50%
- Broadcom: Up 4.70%
- Marvell: Up 2.08%
Overall, the Nasdaq is now barely holding on to gains as of 1:15 p.m. ET, it’s up just .08%.
The morning optimism is fading and stocks have lost most their morning gains. As of 12:45 a.m. ET here’s where we stand:
- Nasdaq: +.62%
- S&P 500: +.86%
- Dow Jones: +1.19%
Trump economic advisor Peter Navarro has been one of the strongest advocates for measures like large tariffs, so its noteworthy that Elon Musk has begun sparring with him including calling him ‘dumber than a sack of bricks’ on X this morning.
Generally, the market would prefer Administration officials like Scott Bessent gaining influence versus officials that are seen as more pro-tariff like Navarro and Howard Lutnick.
What sectors are booming today and leading the market?
- Technology: Up 3.86%
- Financials: Up 3.70%
- Communication Services: Up 3.01%
- Consumer Discretionary: Up 2.86%
- Industrials: Up 2.68%
The worst-performing sectors are more defensive. Utilities are up 1.13%, Consumer Staples are up 1.12%, and Real Estate is up 1.51%.
The stock market is now open for the day and stocks are ripping higher.
- Nasdaq: Up 3.3%
- S&P 500: Up 2.84%
- Dow Jones: Up 2.83%
Among notable stocks, NVIDIA is up 6%, Amazon is up 3.7%, and Apple is up 2%.
In afternoon trading, European markets are seeing big gains today. For example, while the United Kingdom’s FTSE 100 was trading for about 7800 at midday, it has surged beyond 7950 in afternoon trading.
The FTSE is currently up slightly less than 3% while other major European indexes are up similar amounts.
We’re just 20 minutes away from the market opening and Futures continue to point at big gains today across indexes.
- Nasdaq Futures: Up 2.34%
- S&P Futures: Up 2.41%
- Dow Jones Futures: Up 2.69%
The market looks set to rebound today, but so far this year has seen historic selling.
The S&P 500 is down 13.9% year-to-date entering today. That’s the fifth-worst start to a year since 1928.
The good news: we’ve had 65 trading days so far this year. The four years that had worse performance through the first 65 days all saw positive gains for the rest of the year.
Amid the non-stop talk about tariffs, there is stock news happening in the background. Last night Broadcom (Nasdaq: AVGO) announced a $10 billion share buyback plan. Its stock is up 6.4% in premarket trading after it gained 5.4% yesterday.
Eric Bleeker has been investing for more than 20 years. He began his career working at Microsoft before joining Motley Fool, one of the largest publishers of financial research. In his 15 years at Motley Fool Eric served as the General Manager for Fool.com and led coverage in the Technology & Telecom sector. In addition, he was a featured columnist and has hosted dozens of investing seminars attended by more than a million total investors. Eric has more than 1,000 financial bylines to his name and has been featured in The Wall Street Journal, CNBC, Fox Business, and many other leading publications. He is currently focused on artificial intelligence investing and is a CFA Charterholoder.