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Live Nasdaq Composite: LCID, APP Rise in Wayward Q2 Market Kickoff
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Key Points
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The markets got off to a rocky start on the first day of trading in Q2 2025.
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President Trump is expected to address tariffs on April 2.
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There are some market gainers bucking the downward trend today.
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Stocks Start Q1 on High Note
The S&P 500 and Nasdaq Composite managed to eke out gains ahead of the Trump tariff details, while the Dow Jones Industrial Average finished slightly lower. Each of the Magnificent Seven stocks finished the day in the green for a change, helping to lift the Nasdaq Composite.
Here’s out things turned out:
Dow Jones Industrial Average: Down 11.80 (-0.03%)
Nasdaq Composite: Up 150.60 (+0.87%)
S&P 500: Up 21.21 (+0.38%)
Tomorrow is tariff day, and we’ll be back to see if the markets can extend their gains.
Volatile Session
In what is shaping up to be another volatile day of trading, stocks have turned lower. All three of the major stock market averages are now negative, fueled by tariff-related uncertainty. Consumer discretionary stocks are holding onto earlier gains.
Here are some stock market movers:
Newsmax (NYSE: NMAX) is seeing a triple-digit percentage gain in its stock market debut week.
Southwest Airlines (NYSE: LUV) is falling 7%.
Johnson & Johnson (NYSE: JNJ) is down 6%. Pharma stocks could be next in line for tariffs.
Hims & Hers (NYSE: HIMS) is up 6% on the day to over $31 per share but is still a far cry from its 52-week high of around $70 per share.
Intel (Nasdaq: INTC) is falling 4.2%.
Tesla (Nasdaq: TSLA) is up 4.5% so far today.
Ralph Lauren (NYSE: RL) is gaining 3%.
Chipotle Mexican Grill (NYSE: CMG) is up 1.7%.
Stocks Turn Higher
In an unexpected turn of events, the markets have turned higher, albeit modest gains. Consumer discretionary stocks are now in the green, leading the markets higher with a 1% advance. The tech sector isn’t too far behind, followed by consumer discretionary stocks, both with fractional gains. MicroStrategy (Nasdaq: MSTR) stock has been downgraded to a “sell” rating on Wall Street but the stock is gaining 3.3% on the day anyway.
Here’s a look at where things stand in late-morning trading:
Dow Jones Industrial Average: Up 36.57 (+0.09%)
Nasdaq Composite: Up 107.54 (+0.64%)
S&P 500: Up 17.13 (+0.31%)
Wobbly Market
Stocks have widened their losses as of mid-morning trading as tariff uncertainty kicks in. The Dow Jones Industrial Average is now spiraling by over 400 points, fueled by a 3% drop in Boeing (NYSE: BA) stock. Magnificent Seven stocks are mixed today. Trump tariffs are set to take effect any day now.
Here’s where things stand as of mid-morning trading:
Dow Jones Industrial Average: Down 451.28 (-1.07%)
Nasdaq Composite: Down 113.97 (-0.69%)
S&P 500: Down 47.45 (-0.81%)
The markets are starting off the second quarter similarly to the first quarter performance, which was stuck in the doldrums. All three of the major stock market averages came out of the gate in the red, including the Nasdaq Composite, Dow Jones Industrial Average and S&P 500. Tariffs are set to take effect in early April, fueling a stock market sell-off once again. All sectors of the economy are lower, including declines of 1.3% and 1.1% in healthcare and financials, respectively.
If you dig deep enough, you’ll find gainers in the Nasdaq Composite today, including Tesla (Nasdaq: TSLA), which lost a whopping 36% in Q1, is gaining 2% today, a drop in the bucket for sure. China’s PDD Holdings (Nasdaq: PDD), an ag-focused online retailer, which is up nearly 3% this morning despite a recent Wall Street downgrade and price target cut.
Here’s a look at the performance as of morning trading:
Dow Jones Industrial Average: Down 206.58 (-0.46%)
Nasdaq Composite: Down 25.64 (-0.25%)
S&P 500: Down 20.75 (-0.37%)
Market Movers:
AppLovin (Nasdaq: APP) is rising about 2% on the day. The company will report its Q1 results in early May. The stock is recapturing some ground after erasing 16% in Q1 2025. The company’s CEO recently published a breakdown of AppLovin’s business model and data privacy approach. Bank of America Securities reiterated its “buy” rating on the stock.
EV maker Lucid Group (Nasdaq: LCID), which has a market cap of $7.7 billion, is gaining 7% on the day. The interim CEO told Fox Business that more than three-quarters of its Gravity SUV orders are coming from new customers. Lucid vehicles are manufactured stateside in Arizona, helping to protect the company from the auto industry tariffs.
Cable news site Newsmax (NYSE: NMAX) is soaring by 63% after making its stock market debut this week.
China’s gaming stock Netease (Nasdaq: NTES) is rising 4% on the day.
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