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Nasdaq Composite: NVDA Falls, TSLA Rises 3% in Bittersweet Market

Gerelyn Terzo

Published: March 21, 2025 10:13 am

Last Updated: March 21, 2025 4:27 pm

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Stocks Recover in Last-Ditch Effort

4:27 pm by Gerelyn Terzo

In an unlikely turn of events, these volatile markets turned positive before the end of the day, with all three of the major stock market averages finishing in the green. This performance breaks a multi-week losing streak that stocks were extremely close to extending. Tech stocks and consumer discretionary were the best performers of the day.

The Nasdaq Composite was lifted by gains in the Magnificent Seven stocks as well as Costco (Nasdaq: COST) up 1.5%, Gilead Sciences (Nasdaq: GILD) up 1%, and AppLovin (Nasdaq: APP) up 2.4%.

Here’s a look at how things turned out:

Dow Jones Industrial Average: Up 32.03 (0.08%)
Nasdaq Composite: Up 92.43 (+0.52%)
S&P 500: Up 4.67 (+0.08%)

Stocks off Their Session Lows

4:26 pm by Gerelyn Terzo

The markets have come off of their session lows as they do their best to end the week on a positive note. For now, the Dow Jones Industrial Average and S&P 500 remain slightly in the red while the Nasdaq Composite made its way into the green only to let it slip away.

Palantir Technologies (Nasdaq: PLTR) is gaining 2.2% as of early-afternoon, alongside similar advances in the likes of Intel (Nasdaq: INTC) and medical device company Cooper (Nasdaq: COO).

Telecom company Crown Castle (NYSE: CCI) is up 2.5%. Cadence Design (Nasdaq: CDNS), which has an AI partnership with Nvidia (Nasdaq: NVDA), is rising 2%.

In the Dow, Boeing (NYSE: BA) is jumping 5% while Nike (NYSE: NKE) is a drag, slipping 4.8%.

Here’s a look at the performance as of morning trading:

Dow Jones Industrial Average: Down 22.66 (-0.05%)
Nasdaq Composite: Down 2.78 (-0.05%)
S&P 500: Down 13.14 (-0.23)

No Where to Hide

10:13 am by Gerelyn Terzo

The markets are looking exhausted, with all three of the major stock market indices remaining stuck in the red. The Dow Jones Industrial Average has widened its loss to over 400 points as the markets head for their fifth consecutive week of losses. Nike (NYSE: NKE) and FedEx (NYSE: FDX) are both spiraling on the impact of the trade wars, but Goldman Sachs continues to tout both stocks as “buys.”

Here’s a look at the performance as of morning trading:

Dow Jones Industrial Average: Down 443.71 (-1.06%)
Nasdaq Composite: Down 135.05 (-0.85%)
S&P 500: Down 54.49 (-0.96%)

The markets came out of the gate lower, not least a 1.2% decline in the tech-heavy Nasdaq Composite. Admittedly, there is more bitter than sweet in the markets of late. Stocks are headed for their fifth consecutive week of negative performance as market sentiment remains sour. Nvidia (Nasdaq: NVDA) weighed on the Nasdaq with a 2% decline while Tesla (Nasdaq: TSLA) was gaining around 1% compared with a 40% drop year-to-date. The Dow Jones Industrial Average and S&P 500 also started the day in the red, despite their best efforts to turn it around. The Fed’s Williams said he expects economic growth to slow in 2025 compared with 2024 levels, igniting further concerns.

All sectors are declining in early morning trading, including a 1% drop in real estate. Homebuilder Lennar (NYSE: LEN) is falling 7% on the day on housing market headwinds, including elevated mortgage rates and home prices.

A fire near London’s Heathrow Airport has sent airline stocks lower. United Airlines (NYSE: UAL) is falling 2% on the day.

FedEx (NYSE: FDX) is sinking by 10.8% as of early-morning trading on the heels of its quarterly earnings report amid fears of how the trade wars will impact profits. Making things worse, the transportation company also lowered its outlook, giving Wall Street more reason to worry. Goldman Sachs is sticking with the stock, reiterating its “buy” rating on the stock despite policy uncertainty.

Athletic apparel company Nike (NYSE: NKE) is wiping out gains with an 8% drop on the heels of its quarterly earnings also for trade-related fears and their potential impact on the company’s performance in the near term. Goldman Sachs reiterated its “buy” rating on NKE stock, but it’s doing little to help shares today.

Here’s a look at the performance as of morning trading:

Dow Jones Industrial Average: Down 336.14 (-0.80%)
Nasdaq Composite: Down 136.19 (-0.77%)
S&P 500: Down 39.85 (-0.70%)

Market Movers

JPMorgan reiterated its “overweight” rating on Mag 7 stock Apple (Nasdaq: AAPL), grouping it among cyclical stocks and saying it has defensive tailwinds.

Computer memory chips maker Micron Technology (Nasdaq: MU) is falling a steep 6.8% on the company’s expectation that margins will fall short of Wall Street estimates in the current quarter.