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Live Nasdaq Composite: Fear Grips Markets as Investor Sentiment Shifts Yet Again
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Ford in Focus
The markets finished the day the way that it started – lower -putting an end to a multi-day winning streak. Now the markets are gearing up to process quarterly earnings results from Ford (NYSE: F), whose stock fell 1.2% during regular market hours. Automakers have had a target on their backs for tariffs, and the markets will be looking for greater clarity on any impacts in Ford’s performance. Here’s how the major indices finished the day:
Dow Jones Industrial Average: Down 69.52 (-0.17%)
Nasdaq Composite: Down 132.40 (-0.74%)
S&P 500: Down 36.79 (-0.66%)
America First Economy
U.S. Treasury Secretary Scott Bessent is speaking at the Milken conference today, addressing global investors about President Trump’s economic agenda. As part of his America First vision, President Trump is looking to make the U.S. economy more appealing to investors amid a strategy involving tariffs, tax cuts and deregulation – oh my. While the markets await further details on trade talk progress, the three major stock market averages are mixed, including a slight gain in the Dow Jones Industrial Average while the S&P 500 and Nasdaq Composite remain lower.
Tariff Uncertainty Remains
The Dow Jones Industrial Average has turned higher, managing a 7-point gain after starting the session in the red. Meanwhile, technology stocks continue to weigh on the Nasdaq Composite and S&P 500. According to TD Cowen, tariff-related price hikes are set to rear their heads in May’s inflation print. Much of the tariff damage will unfold in the summer months as lower-priced inventories dwindle at businesses. The firm says consumers are between a rock and a hard place as tariff-related costs trickle down to them, a situation exacerbated by higher shipping costs.
Selling Eases
The markets remain under pressure this morning but are off their lowest levels of the session. Netflix (Nasdaq; NFLX) shares are off about 2% on the day after last week’s rally. ON Semi (Nasdaq: ON) is falling 8% on the day after reporting its Q1 results, while industry peer Advanced Micro Devices (Nasdaq: AMD) is gaining 2%. Here’s a look at where things stand with the broader market averages:
Dow Jones Industrial Average: Down 53.67 (-0.16%)
Nasdaq Composite: Down 97.38 (-0.55%)
S&P 500: Down 30.46 (-0.52%)
After a week of gains, fear has settled into the markets once again amid a bevy of catalysts. In addition to earnings, Fed Chairman Jerome Powell set to comment on the economy this week, suggesting it could be yet another roller coaster ride for investors. First-quarter earnings season continues to roll on, with names like Palantir Technologies (Nasdaq: PLTR) as well as Ford Motor (NYSE: F) and Diamondback Energy (Nasdaq: FANG) on the docket in the coming days.
All three of the major stock market averages are trading in the red out of the gate, including a 1% decline in the Nasdaq Composite. Mag Seven stocks are mixed while the sell-off continues to unfold in Apple (Nasdaq: AAPL) shares, with a 2% decline today. All sectors of the economy are currently lower, the most severe of which is happening in energy stocks, which are down 2% this morning as the oil price continues its descent.
Berkshire Hathaway (NYSE: BRK-B) has reached the end of an era now that billionaire Warren Buffett announced his retirement after six decades at the helm. With $300 million in cash on the sidelines, BRK-B is losing 6% on the day for a market cap of $1.09 trillion. Greg Abel will succeed Buffett at year-end 2025.
Here’s a look at the performance as of morning trading:
Dow Jones Industrial Average: Down 196.82 (-0.49%)
Nasdaq Composite: Down 175.23 (-1.03%)
S&P 500: Down 52.04 (-0.88%)
Market Movers
Footwear company Skechers (NYSE: SKX) is going private, agreeing to a private equity takeover by 3G Capital in a deal that values the company at $63 per share, sending the stock higher by a double-digit percentage today.
Jefferies has reiterated its “hold” rating on Tesla (Nasdaq: TSLA), suggesting the valuation has already given the stock the benefit of the doubt in areas like tech innovation and scalability.
Mizuho analysts like Bloom Energy (NYSE: BE), upgrading shares to an “outperform” rating from “neutral” on an attractive risk/reward profile. The stock is up 3.5% today.
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