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Nasdaq Composite Live: AAPL (Nasdaq: AAPL), INTC (Nasdaq: INTC) Up Despite Recession Risk
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Key Points
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The markets are mixed out of the gate in the face of escalating trade tensions with China.
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Tech stocks are among the gainers.
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Wall Street CEO Jamie Dimon says the economy is barreling toward a recession.
Live Updates
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Market Fear Lessons In Late Trading
Following Trump’s tariff freeze announcement this afternoon, Goldman Sachs dropped its recession changes. It had boosted recession chances to 45%, lowered 2025 growth to 0.5%, and warned of economic trouble if tariffs jumped 20 points. Uncertainty persists with China-targeted 125% tariffs unchanged.
The VIX also plummeted 35% this afternoon in a truly wild change of course.
Stocks Skyrocket
It’s all about the tariffs. Stocks are soaring after President Trump revealed a universal 10% tariff rate for countries with the exception of China, whose tariffs have been raised. In response, the Nasdaq Composite is skyrocketing 10.4%, the Dow Jones Industrial Average is up 7% and the S&P 500 is racing ahead by 8%. Each of the Mag 7 stocks is participating on the rally, which has given the markets a much-needed breather from all the negativity.
Trade War Now Targeted at China
It looks like every country will have reciprocal tariffs paused except for China. Expect negotiations to be ongoing with other countries in the coming months.
Breaking: 90-Day Pause on Tariffs
Trump just announced a 90-day pause on reciprocal tariffs for many countries. Some, like China, that have retaliated will be excluded.
Market Leaders Rise From Ashes
The markets continue to oscillate, with the pendulum most recently swinging higher. Big Tech leaders like Apple (Nasdaq: AAPL) and Microsoft (Nasdaq: MSFT) alongside other Mag 7 names are lifting market sentiment today. Chip stocks including AMD (Nasdaq: AMD) are moving notably higher, as the broader tech sector’s gains near 3% on the day. Pharma stocks remain the big losers on tariff worries.
Here’s a look at the performance as of our noon update:
Dow Jones Industrial Average: Up 156.97 (+0.42)
Nasdaq Composite: Up 205.46 (+1.37%)
S&P 500: Up 29.49 (+0.60%)
Glimmer of Hope
The markets have turned green across the board with all three of the major stock market averages now retaking lost ground, including the Dow Jones Industrial Average, which was lower earlier today. Cooler heads are prevailing despite the rising risk of an economic recession rearing its head in the face of an escalating global trade war. Most sectors of the economy are trading in the green, led by technology stocks with a 3% advance as a group.
Here’s a look at where things stand as of mid-morning trading:
Dow Jones Industrial Average: Up 91.55 (+0.24%)
Nasdaq Composite: Up 183.49 (+1.20%)
S&P 500: Up 17.71 (+0.36%)
The markets are responding to the tariff escalation and recessionary fears, resulting in a mixed bag out of the gate. The Nasdaq Composite and S&P 500 are managing modest gains while the Dow Jones Industrial Average is extending its losses by nearly 300 points. As the past few days have proven, the markets are prone to reversing course at any moment given the heightened nature of the economic uncertainty. The technology sector is leading markets higher with a 2.3% gain as a group, followed by consumer discretionary stocks with a 1.8% advance.
China has struck back with massive retaliatory tariffs on the U.S. economy, while Wall Street CEOs like Jamie Dimon are convinced the U.S. economy is barreling toward a recession. President Trump is doing his best to calm investor nerves, suggesting the markets are presenting a buying opportunity.
Magnificent Seven stocks are experiencing some reprieve, with the likes of Apple (Nasdaq: AAPL) gaining 3.4% despite losing 22% over the past five trading sessions in the sell-off. Intel (Nasdaq: INTC) is gaining alongside other chipmakers today, with the SOX index up about 1%. Positive sentiment in Nvidia (Nasdaq: NVDA) and Broadcom (Nasdaq: AVGO) is buoying the broader tech sector as well as each of those stocks gains about 4% on the day.
Here’s a look at the performance as of morning trading:
Dow Jones Industrial Average: Down 273.58 (-0.73%)
Nasdaq Composite: Up 36.34 (+0.24%)
S&P 500: Down 21.57 (-0.43%)
Market Movers
Volatile stock AppLovin (Nasdaq: APP) is extending recent gains with a nearly 2% pop as Wall Street bulls and bears continue with wrestle with its potential.
Hong Kong’s Alibaba Group Holdings (NYSE: BABA) is up 1.1%, contributing to the rise in chip stocks today, despite the escalating trade tensions between the U.S. and China.
Pharma stock AstraZeneca is falling by 4%, preventing the Nasdaq Composite from further gains as President Trump warns that the pharma sector has a target on its back for tariffs.
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