After the Nasdaq opened the day in the green, all major indexes are now down.
As of 10:30 a.m. ET, the Nasdaq Composite is down .38% while the S&P 500 is down .65% and the Dow Jones Industrial Average has dropped 1.05%.
The biggest anchor on the Nasdaq is Apple (Nasdaq: AAPL), which is down 2.30%.
Fresh tariffs on Canada have driven sentiment lower early in the trading day, we’ll see if stocks continue to sell-off as the day goes or whether a relief rally is on the horizon.
The markets are recovering from yesterday’s massive sell-off by starting today as a mixed bag. After the worst performances from the Nasdaq Composite and S&P 500 in several years, both indexes are showing fractional movement in either direction while the Dow Jones Industrial Average slides a bit further. Wall Street’s AI darling and a Mag 7 stock Nvidia (Nasdaq: NVDA) is helping sentiment today, rising 2.6% at last check and lifting some of its tech peers.
NVDA stock as well as Broadcom (Nasdaq: AVGO) were helped by analysts at Bernstein, who reiterated their “outperform” ratings on both stocks, advising investors to pounce on any dip.
Tesla (Nasdaq: TSLA) shares are also popping with a 3.6% gain after yesterday’s double-digit-percentage drop. President Trump has come out swinging against Tesla boycotters, announcing he would be buying an EV for himself in support of Elon Musk, whose net worth was slashed by $29 billion in yesterday’s market sell-off. Morgan Stanley analysts have reiterated their overweight rating on Tesla stock, calling the pullback in the stock a “buying opportunity.” With the exception of Apple (Nasdaq: AAPL) stock, which is falling about 2%, each of the Mag 7 stocks started the day in the green.
Southwest Airlines (NYSE: LUV) is gaining 2.5% on the day after revealing it would begin charging customers for checked bags in a first for the airline.
Here’s a look at the performance as of morning trading:
Dow Jones Industrial Average: Down 303.11 (-0.74%)
Nasdaq Composite: Up 23.62 (+0.11%)
S&P 500: Down 20.02 (-0.34%)
The markets are licking their wounds after yesterday’s historic sell-off.
Nvidia’s gains are lifting tech boats.
Tesla is also recovering with gains after a Wall Street endorsement.
Meta Platforms (Nasdaq: META) is testing an in-house chip for AI systems, sending the stock about 2% higher on the day.
Netflix (Nasdaq: NFLX) is gaining 2.6% on the day after growing subscribers by 24 million in H2 2024.
Kohl’s (NYSE: KSS) stock is among the biggest losers today, falling over 16% on a disappointing profit and revenue outlook.
Athletic apparel company Nike (NYSE: NKE) stock is falling 2% today despite a positive analyst note. Barclays analysts consider NKE stock an “equal weight” rating, saying that the “fundamental bottom” is near. Nike reports its quarterly results later this month.
Retirement planning doesn’t have to feel overwhelming. The key is finding professional guidance—and we’ve made it easier than ever for you to connect with the right financial advisor for your unique needs.
Here’s how it works:
1️ Answer a Few Simple Questions
Tell us a bit about your goals and preferences—it only takes a few minutes!
2️ Get Your Top Advisor Matches
This tool matches you with qualified advisors who specialize in helping people like you achieve financial success.
3️ Choose Your Best Fit
Review their profiles, schedule an introductory meeting, and select the advisor who feels right for you.
Why wait? Start building the retirement you’ve always dreamed of. Click here to get started today!
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Financial Market Newsflash
No financial news published today. Check back later.
