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Live Nasdaq Composite: ORLY, AZO Gain in Face of Unrelenting Tariffs

Gerelyn Terzo

Published: March 31, 2025 10:28 am

Last Updated: March 31, 2025 3:22 pm

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Markets Show Resilience

3:23 pm by Gerelyn Terzo

The markets are showing some backbone, with the Dow Jones Industrial Average and S&P 500 coming back from a steep deficit and making their way into green. Meanwhile, the Nasdaq Composite remains in the red but has come off of its lows of the session.

Apple (Nasdaq: AAPL) stock is gaining 1.5% on the day. Dividend stock Linde (Nasdaq: LIN) is up 1.6%. Linde has a dividend yield of 1.3%.

Goldman Sachs has reportedly lowered its S&P 500 forecast for 2025, predicting the stock market barometer will end the year with a decline. The Wall Street firm’s forecast is now for the S&P 500 to end the year at 5,700, down from a previous outlook of 6,200. The S&P 500 is currently hovering at 5,605.

Here’s a look at where things stand as of mid-afternoon trading:

Dow Jones Industrial Average: Up 381.36 (+0.92)
Nasdaq Composite: Down 54.16 (-0.31%)
S&P 500: Up 26.17 (+0.45%)

Stocks Trim Losses

10:30 am by Gerelyn Terzo

The stock market continues to suffer on tariff-related uncertainty but the major indexes are off their worst levels of the morning. With a volatile Q1 almost in the rearview mirror, tariffs are set to take effect in early April. Big Tech remains a drag, while energy and consumer staple stocks are in the green at last check.

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

Dow Jones Industrial Average: Down 199.22 (-0.48%)
Nasdaq Composite: Down 381.76 (-2.1%)
S&P 500: Down 64.20 (-1.1%)

A CNBC report suggests Q1 GDP growth is shaping up to be a mere 0.3% as tariffs weighed on economic sentiment.

The markets remain full of fear fueled by unrelenting tariff talk. Each of the three major stock market averages came out of the gate in the red today, the steepest losses of which are attached to the Nasdaq Composite, with a 2.2% decline. The S&P 500 is not far behind, falling 1.2%, while the Dow Jones Industrial Average is reeling with a 290-point decline. Most sectors of the economy are lower, with the exception of consumer staples, with a 1% gain, and a few other risk-off categories. The gold price is rising 1% as investors flock to this safe-haven asset.

Nvidia (Nasdaq: NVDA) is a big drag on the Nasdaq Composite, falling by almost 5% on the day and a steeper 13.5% over the past five days. Tesla (Nasdaq: TSLA) is losing close to 6% this morning and is down close to a whopping 40% year-to-date.

Auto Parts retailer O’Reilly Automotive (Nasdaq: ORLY) is a bright spot, gaining 2% as one of the stock market’s best performers today. Auto-parts and used-car stocks could benefit in a tariff economy as consumers look to repair older vehicles or buy used cars to avoid the new car market, where President Trump’s 25% tariffs could trickle down to the consumer in the way of higher prices.

AutoZone (NYSE: AZO) is gaining 1.3% for the same tailwinds as ORLY.

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

Dow Jones Industrial Average: Down 291.86 (-0.70%)
Nasdaq Composite: Down 404.12 (-2.31%)
S&P 500: Down 74.28 (-1.3%)

Market Movers

Pharmaceutical stock Moderna (Nasdaq: MRNA) is a big loser, falling 12.5% on the day. After autos, the pharmaceutical sector is next in line for hefty tariffs. Also, the head of the FDA has resigned, leading to some uncertainty around the future.

United Airlines (Nasdaq: UAL) is falling nearly 7%. The company has received the FAA’s green light to add Starlink access to its jets.

AI-related stock Palantir Technologies (Nasdaq: PLTR) is caught in the selling, sinking 4.3% on the day and close to revising the $80 threshold after trading as high as $125 in the past 52-week stretch.