S&P 500, Nasdaq Fall for 6th Time in 7 Weeks

U.S. stocks got off to a pretty good start this week, but the tide turned dramatically after President Trump late ♛Wednesday announced his far-reaching plan to impose tariffs.

Each of the major indexes posted steep losses for the week. The Dow shed 7.9% this week, while the S&P 500 slid 9.1% and the ꦚNasdaq Composite plunged 10%. 𒈔It was the second straight weekly decline for all three indexes.

The S&P 500 and Nasdaq have lost ground💎 in six of the last seven weeks, and eight of the last ten.

After this week's massive selloff, the Dow is down 9.9% since the start of 2025. The S&P 500 has dropped 14% so far this year, while the Nasdaq Composite has plunged 19%.

These Were the Big S&P 500 Movers on Friday

Decliners

• China's tariff moves battered stocks in a variety of sectors. Shares of GE HealthCare (GEHC), the medical technology company that completed its spinoff from General Electric in 2023, plunged 16.0%, 澳洲幸运5开奖号码历史查询:losing ꦕthe most o🔥f any S&P 500 stock. According to analysts from BTIG, China accounted for 12% of GE HealthCare's sales in fiscal 2024. However, the analysts noted that roughly 70% of what the company manufactures in China is sold in the country, and it remains to be seen how China's Ministry of Commerce will classify products that are made locally by multinational companies like GEHC.
• Oil prices plunged as worries about the impact of trade tensions on global economic growth exacerbated concerns about 澳洲幸运5开奖号码历史查询:production increases from OPEC+, a group of major producers led by Saudi Arabia and Russia. Shares of exploration and production company APA Corp. (APA) dropped 14.4%, while shares of oilfield services firm Baker Hughes (BKR) fell 13.3%.
• Oil was not the only commodity facing price pressure. Uncertainties about the global economy contributed to a plunge in copper futures prices. Even gold, which is often seen as a safe-haven investment in times of market turmoil, saw its price tick downward, which may occur when investors take profits in the precious metal to cover losses in other assets. Shares of Freeport-McMoRan (FCX), which produces both metals, lost 13.0%.

• Citi analysts included Micron Technology (MU) on a list of semiconductor stocks that could see the most adverse impact from China's tariffs, and shares of the data and memory storage provider tumbled 12.9%. Analysts suggested that companies like Micron with relatively lower margins might experience outsized effects amid likely margin volatility. The Citi team warned that, should the tariffs cause a recession, semiconductor stocks could face a downside risk of 20% or more.

Advancers

• Shares of several footwear and apparel makers regained ground as Trump reportedly engaged in tariff negotiations with leaders from Vietnam. The step higher on Friday marked a rebound from steep declines in the prior session driven by concerns about tariffs on imports from the Asian nation, where many shoe and clothing companies have manufacturing footprints. Shares of Ugg and Hoka parent Deckers Outdoor (DECK) gained 5.1%, logging the top performance in the S&P 500, while Nike (NKE) shares added 3.0%. Shares of yoga attire maker Lululemon (LULU) were up 3.2%.
  
• Homebuilder stocks also advanced as tariff-related concerns about the economy's trajectory pushed interest rates lower, with the 10-year Treasury yield dropping below 4%. Shares of D.R. Horton (DHI) and NVR (NVR) were up 4.5% and 4.2%, respectively, while other homebuilding industry stocks also notched gains.

-澳洲幸运5开奖号码历史查询:Michael Bromberg

Investopedia's Coverage of Friday's Market Meltdown

Here's a sampling of our reporting today on the impact of President Trump's 澳洲幸运5开奖号码历史查询:recent tariff announcement on financial markets:

• Stocks ꧟Had One of Their Worst Weeks of This Century
• 澳洲幸运5开🍰奖号码历史查询:Global Stocks Extend Selloff on Trump Tariffs
• China Retaliates With 34% Tariffs on Imports fr𝔉om U.S.
• Watch these Nike Levels as Sto🅰ck Plunges on Tariff Worries
• 澳꧟洲幸运5开奖号码历史查询:Dow Joins S&P 500 in Correctiඣon Territory
• Nasdaq on Track for Bear Market as S🌼tock Selloff Continues
• Nvidi꧒a, Other Chip Stocks Fall Amid Tariff-♊Fueled Rout
• Mining▨ Stocks Show Cracks on Worries Tariffs Could Hurt Dไemand
• Boeing Sinks🍰 to 2 1/2-Year Low Amid Tariff Selloff
• Tariffs R꧟aise Risks of High Inflation, Low🍃 Growth—Powell
• Caterpillar Sli𓆉des as China Levies Retaliatory Tariffs
• GE Healthcare, Vernova, Aerospace 🍸All Tank on China Tariffs
• 澳ꦫ洲幸运5开奖号码历史查询:Klarna Paܫuses IPO in a Blow to Market for Deals
• Bit🔯coin Bounces, While 🌟Some Crypto Prices Keep Falling
• Nintౠendo Delays Switch 2 Preorders Amid Tariff Concerns
• Are Inte💦rest Rate Cuts Ahead Now That Tariff Policy is Cl༒earer
• These Defense Stocks Couꦛld be Insulated Against Tariffs
• Analysts are Growing More Cautiꦺous Ahead ofꦏ Earnings
• Homebuilder 🍰♛Stocks Buck Selloff as Mortgage Rates Drop

Stocks Had One of Their Worst Weeks of This Century

Stocks tumbled on Friday, adding to 澳洲幸运5开奖号码历史查询:the previous day's massive losses and capping off one of the worst weeks on Wall Street since the turn of the cen🌄tury. 

Market participants started the week cautiously optimistic that the reciprocal tariffs that were slated to be announced Wednesday would give businesses and investors some much-needed clarity on U.S. trade policy. But investors were caught off guard by the sheer 澳洲幸运5开奖号码历史查询:size and scope of the taxes, which are expected to lift the U.S. effective tariff rate to its highest level in more than a century. Economists warn tariffs of that magnitude could 澳洲幸运5开奖号码历史查询:slash economic growth and reignite inflation. 

This week🌜’s market sell-ofꦗf was one of the most punishing in recent memory. Here are some data points that put this very bad week in context: 

• The S&P 500 fell 10.5% across Thursday and Friday, the index’s worst 2-day stretch since March 2020 and its third-worst since the turn of the century. The index’s 9.1% loss this week ranks as the seventh-worst week in the last 25 years.
• The Dow had its sixth-worst week of the 21st century; it fell 7.9% over the week and 9.3% in the last two days.
• The Dow shed 2,231 points on Friday, its third-largest one-day point decline on record. 
• The Nasdaq Composite has dropped 11.4% since Trump’s tariff announcement, also its worst 2-day stretch since March 2020. 

• Shares of Apple (AAPL), the world’s most valuable company, have lost 15.9% of their value since Wednesday’s close, their worst 2-day stretch since September 2008. The rout wiped more than half a trillion dollars off the iPhone maker’s market capitalization. 
• 31 companies in the S&P 500 lost more than 20% this week; 247 companies, or nearly half the index, fell 10% or more. 
• Just 21 stocks in the benchmark index—mostly healthcare companies and utilities—finished the week higher; on Friday, only 14 stocks rose. 
• Nike (NKE) rose 3% Friday, making it the only stock in the blue-chip Dow index to close in the green. Still, shares finished the week 10% lower. 
• Even companies with little to no direct tariff exposure were hammered. Palantir (PLTR), the software company that derives most of its revenue from the federal government, tumbled 14% this week. DoorDash (DASH) and Netflix (NFLX), despite not making or selling any physical products subject to tariffs, dropped about 11% and 8%, respectively. 
  

-澳洲幸运5开奖号码历史查询:Colin Laidley

Homebuilder Stocks Buck Selloff as Mortgage Rates Fall

Shares of several U.S. homebuilders rose Friday—in a reversal from a 澳洲幸运5开奖号码历史查询:sharp selloff a day earlier—as 澳洲幸运5开奖号码历史查询:Treasury yields and mortgage rates fell. 

D.R. Horton (DHI), PulteGroup (PHM), and NVR (NVR) shares were among the top gainers in the 澳洲幸运5开奖号码历史查询:S&P 500 Friday. Others including Lennar (LEN), Toll Brothers (TOL), Taylor Morrison Home (TMHC), KB Home (KBH), and Meritage Homes (MTH) also made gains, even while much of the broader market declined in the wake of the Trump administration's 澳洲幸运5开奖号码历史查询ꦫ:announcement of sweeping new tariffs.

The decline in Treasury yields and mortga🧸ge rates could benefit homebuilders by stimulating demand. The 10-year Treasury yield, which affec⭕ts borrowing costs on a wide variety of loans including mortgages, slid to around 4%. It fell as low as 3.86% earlier, its lowest level since October.

Citi analysts said Friday that some real-estate companies, including online brokers such as Redfin (RDFN), could see a relatively modest impact from the new tariff environment and benefit if lower rates c✃an help “unlock the housing market.”  However, the analy꧑sts said they still expect a net negative impact to the housing market.

-澳洲幸运5开奖号码历史查询:Andrew Kessel

Fintech Firm Klarna Pauses IPO in Blow to Deals Market

Fintech firm Klarna has halted its planned 澳洲幸运5开奖号码历史查询:initial public offering after President Donald Trump's♉ sweeping tarꦗiffs announcement, according to a report.

The 澳洲幸运5开奖号码历史查询:Buy Now, Pay Later (BNPL) company, which was founded in Sweden and re-domiciled to the U.K. last year, "was set to launch marketing shares for the offering Monday, but decided this week to postpone," The Wall Street Journal re✨po꧋rted, citing people familiar with the matter.

The news clouds the 2025 outlook for the IPO market, which after Trump's reelection was seen as poised to 澳洲幸运5开奖号码历史查询:shake off recent doldrums; several other planned offerings may also now be on hold, the Journal reported. Klarna declined to respond to Investopedia's request for comment.

Klarna last month 澳洲幸运5开奖号码历史查询:filed a registration statement with the 澳▨洲幸运5开奖号码历史查询:Securities and Exchange Commis🅰sion , applying to list on the 澳洲幸运5开奖号码历史查询:New York Stock Exchange using the symbol "KLAR." Prior to the filing, Bloomberg had reported that Klarna was targeting a valuation of 澳洲幸运5开奖号码历史查询:more than $15 billion in its New York listing.

Recent IPOs have met with mixed results. Nvidia-backed cloud-computing company CoreWeave (CRWV), which went public a week ago, is down 15% today but still trades above 澳洲幸运5开奖号码历史查询:its IPO price. Conservative media company Newsmax (NMAX), which began trading earlier this week, is off more than 20% today—and well off highs seen just a few days ago—but also well above 澳洲幸运5开奖号码历史查询:its IPO price.

The Journal on Thursday reported that ticket-selling platform StubHub postponed its own 澳洲幸运5开奖号码历史查询:planned listing. &n𓆉bsp;𓄧A StubHub spokesperson declined to comment.

-澳洲幸运5开奖号码历史查询:Aaron Rennie

Caterpillar Stock Slides Amid Tariff Concerns

Caterpillar (CAT) shares fell Friday amid concerns ove♕r the impact of retaliatory tariffs on the company’s global construction footprint. 

Shares in the Dow Jones Industrial Average component slid nearly 6% Friday after China's finance ministry said it would implement a 澳洲幸运5开奖号码历史查询:34% import duty on goods from the U.S. starting April 10, 澳洲幸运5开奖号码历史查询:matching the tariff&𒅌nbsp;on Chinese goods announced by the Tౠrump administration late Wednesday.

Friday's drop in Caterpillar's stock price added to a steep decline the previous session, with shares down 14% over the past two sessions. Since the start of 2025, its shares are down just over 20%, about double the loss of the Dow.

The construction company operates manufacturing and distribution centers around the world, including in China, and is widely considered a 澳洲幸运5开奖号码历史查询:bellwether stock&nbs𝓰p;as a proxy for domestic and global economic exp⛎ansion or contraction.

In January, Caterpillar had posted 澳洲幸运5开奖号码历史查询:declining revenue year-over-year and missed Wall Street’s expectations for its fiscal fourth quarter, reporting a slowdown in its construction industries segment.

-澳洲幸运5开奖号码历史查询:Andrew Kessel

Analysts Growing More Cautious About Earnings

First-quarter 澳洲幸运5开奖号码历史查询:earnings season is almost upon us. And Wall Street analysts have been taking a knife to their earnings estimate♌s. 

It’s typical ꦰfor analysts to pull back their earnings estimates for the companies they follow during a quarter, according to a FactSet analysis released Friday, but they did so to a larger-than-usual degree in the first three months of 2025.

Investors are looking for clues as to the health of the U.S. economy amid 澳洲幸运5开奖号码历史查询:tariff-driven market turmoil. More S&P 500 companies have been turning in first-quarter outlooks below analysts’ consensus projections, 澳洲幸运5开奖号码历史查询:FactSet has found. A fresh round of earnings starts next week, with results from big banks on 💎tap.

The bottom-up earnings per share estimate for all the companies in the S&P 500—which aggregates the median&n💧bsp;estimate for all the companies in the index—fell by 4.2% between the start and end of the quarter, according to FactSet’s Senior Earnings Analyst John Butters. That translated to a drop from $62.89 to $60.23 per sha🅺re. 

That percentage decrease is more than the averages for the past five, 10 ✤and 15 years, Butters wrote, though in line with th⛎e 20-year average. 

Analysts’ full-year estimates fell 1.6%, to $269.67 from $274.12 per share, also marking a bigger retreat than the averages in the past five, 10 and 15 years, though smaller th𓃲an the 20-year average.

The S&P's financials sector is the only one to see its full-year EPS estimate rise during the first quarter, FactSet said.

-澳洲幸运5开奖号码历史查询:David Marino-Nachison

These Defense Stocks Could Be Insulated Against Tariffs

U.S. defense contractors such as Lockheed Martin (LMT) and Northrop Grumman (NOC) could be relatively insulated from the 澳洲幸运5开奖号码历史查询:impacts of the Tru𝔉mp adminiᩚᩚᩚᩚᩚᩚ⁤⁤⁤⁤ᩚ⁤⁤⁤⁤ᩚ⁤⁤⁤⁤ᩚ𒀱ᩚᩚᩚstration's new tariffs, Morgan Stanley analysts said Friday.

澳洲幸运5开奖号码历史查询:Supply chains for many defense companies have historically been based in the U.S. for national security reasons, the analysts said. Firms that work primarily with the U.S. government also face less pressure from 澳洲幸运5开奖号码历史查询:retaliatory tariffs imposed by ot♕her countries, they added.🐻 

Morgan Stanley named Lockheed and Northrop, along with L3Harris (LHX), as examples of defense companies that could be well-positioned to weather the new tariff environment. Conversely, the analysts said they expect defense companies with greater exposure to commercial clients like General Dynamics (GD) and Textron (TXT) to feel more pressure. 

Shares of Lockheed and Northrop werไe each down more than 4% in Friday afternoon trading, while L3Harris slid close to 3% amid a broad-based decline. Ge𒁏neral Dynamics and Textron shares dropped about 7% and 9%, respectively.

-澳洲幸运5开奖号码历史查询:Andrew Kessel

Dow Becomes Last Major Index to Enter Correction

The 澳洲幸运5开奖号码历史查询:Dow Jones Industrial Average became the last of the major stock indexes to confirm a correction on Friday as 澳洲幸运5开奖号码历史查询:markets continued to reel from President Donald Trump's 澳洲幸运5开奖号码历史查询:sweeping reciprocal tariffs.

The Dow dropped 5% Friday afternoon, putting it nearly 15% off its December all-time closing high. Meanwhile, the 澳洲幸运5开奖号码历史查询:Nasdaq Composite tumbled roughly nearly 6%, putting it in 澳洲幸运5开奖号码历史查询:bear market territory.

The Dow had up to this point avoided the fate of the other major indexes—the 澳洲幸运5开奖号码历史查询:S&P 500 and Nasdaq Composite—due to 澳洲幸运5开奖号码历史查询:its quirky composition. The Dow's performance is impacted most by the stocks with the highest share prices, which as of Friday were healthcare giant UnitedHealth Group (UNH) and investment bank Goldman Sachs (GS). The S&P and Nasdaq, on the other hand, are capitalization-weighted indexes that are influenced by their most valuable components, primarily mega-cap tech stocks like Apple (AAPL), Microsoft (MSFT), and Nvidia (NVDA). 

The 澳洲幸运5开奖号码历史查询:sell-off of Magnificent Seven stock🔯s earlier this year pushed the Nasdaq into a correction in early March, and 澳洲幸运5开奖号码历史查询:the S&P 500 followed suit about a week later. The Dow's comparatively large exposure to 澳洲幸运5开奖号码历史查询:defensive sectors like healthcare and consumer staples had kept it out of a correction. But Thursday's tariff-induced sell-off was broad, dealing the Dow 澳洲幸运5开奖号码历史查询:its worst day since June 2020 and pushing the equal-weight S&P 500 澳洲幸运5开奖号码历史查询:into a correction.

-澳洲幸运5开奖号码历史查询:Colin Laidley

GE HealthCare, Vernova, Aerospace All Slide

Shares of the companies spun off from the former industrial icon 澳洲幸运5开奖号码历史查询:General Electric were all tanking Friday, led by medical device maker GE HealthCare Technologies (GEHC), on investor fears that they would be hurt by Beijing’s 澳洲幸运5开奖号码历史查询:retaliatory levies countering President Donald Trump♏’s tariffs.

Shares of GE HealthCare, energy firm GE Vernova (GEV), and GE Aerospace (GE), all of which have significant China operations, recently were down nearly 14%, 10%, and 10%, respectively. Of the three, GE HealthCare shares were the hardest hit, reflecting not just the tariffs but also Beijing’s launch of an 澳洲幸运5开奖号码历史查询:anti-dumping probe into medical CT tubes from the U.S. and Inꦫdia, BTIG analysts wrote Friday.

China comprised about 12% of GE HealthCare’s sales in fiscal year 2024, with around🌺 70% of what it makes in China—including imaging and ultrasound equipment— sold in the countꦜry, according to BTIG analysts led by Ryan Zimmerman.

"From GEHC's perspective, it may depend on whether the CT tubes are actually imported into China or manufactured in China but it may also depend on whether the Ministry [of Commerce in China] views GEHC and other 澳洲幸运5开奖号码历史查询:multi-national companies as local," BTIG analysts wrote, sticking with their 澳洲幸运5开奖号码历史查询:"buy" call on the stock.

In February, GE HealthCare said it expected 澳洲幸运5开奖号码历史查询:year-over-year organic revenue growth of 2% to 3% in 2025, partly𝓀 reflecting a "measured view of🍎 market conditions in China."

General Electric had longstanding operations in China, stemming back to 1906. The industrial giant's  澳洲幸运5开奖号码历史查询:three-way split&✱nbsp;into independent publicly traded firms was completed a year ago. 

-澳洲幸运5开奖号码历史查询:Nisha Gopalan

Powell Sees Higher Risks of Rising Inflation, Slower Growth

America's top central banker has the same concerns many other experts about what President Donald Trump's "Liberation Day" tariffs will bring: higher inflation and slower economic growth. 

Federal Reserve Chair Jerome Powell spoke Friday at an economic reporting conference in Virginia, giving his first reaction to Trump's Wednesday announcement of 澳洲幸运5🐬开奖号码历史查询:sw💦eeping tariffs against U.S. trading partners. The tariff announcement resolved some of the 澳洲幸运5开奖号码历史查询:uncertainty about policy that has kept the Fed in a holding patt♍ern in recent months, but not enough to shake Powell out of "wait-and-see" mode.

"It is now becoming clear that tariff increases will be significantly larger than expected, and the same is likely to be true of the economic effects, which will include higher inflation and slower growth," Powell said. "The duration of these effects remains uncertain. While the tariffs are highly likely to generate at least a temporary rise in inflation, it's also possible that the effects could be more persistent."

Forecasters agree that tariffs will 澳洲幸运5开奖号码历史查询:push up the cost of living, potentially setting off longer-lasting inflation while slowing the economy and raising the risk of a recession in the U.S.

Policymakers at the Fed are tasked with keeping inflation low and employment high. Its main tool, manipulating interest rates, can address one of those problems at a time, potentially putting the Fed in a bind if both inflation and the job market worsen at the same time. The Fed can either raise interest rates, pushing up borrowing costs to fight inflation or lower them to create easy money, boosting the economy and hiring.

For now, Fed officials have chosen to keep their key interest rate steady while waiting to see how things will play out. The waiting game will likely continue until it becomes clear whether high inflation or a collapsing labor market becomes the most urgent problem.

"What we've learned is that the tariffs are higher than anticipated, higher ꦓthan almost all forecasters predicted," Powell said. "We still don't know where that comes to rest, though, and we're just going to have to see that through."

-澳洲幸运5开奖号码历史查询:Diccon Hyatt

Boeing Stock Slides Amid Trade War Uncertainty

Boeing (BA) shares tumbled Friday as 澳洲幸运5开奖号码历史查询:markets extended their sell-off after China's res𝔍ponse to the Trum🐠p administration's new tariffs.

Boeing is a company that could be affected by both sides of the 澳洲幸运5开奖号码历史查询:trade war, as the plane maker sources parts from around the world, manufactures its aircraft in the U.S., and exports them to airlines around the world, including in China.

The company faces other troubles, including a 澳洲幸运5开奖号码历史查询:looming tr🐈ial or revised guilty plea for defrauding the government over violations of certain safety standards. Boeing CEO Kelly Ortberg told a Senate committee this week that the company is making progress on safety reforms.

Last August, Boeing said it forecast air travel demand within mainland China could increase by 5.2% per year, making it the largest air traffic market in the world. Boeing said it projects Chinese demand for over 8,800 planes in the next two decades, 60% as the air travel industry grows and 40% to replace older planes, up from the 澳洲幸运5开奖号码历史查询:company's previous projections.

The tariffs could have a negative impact both ways, as Boeing bills itself as the "largest customer of China's aviation manufacturing industry." The company said last year that it spends $1.5 billion in China on parts, 澳洲幸运5开奖号码历史查询:research and development, an🙈d other projects, and said some 10,000 of its planes currently have Chinese parts in them.

Boeing shares were down about 9% in recent trading, after hitting their lowest 🥃level since October 2022. The stock has lost about a quarter of its value over the past 12 months.

-澳洲幸运5开奖号码历史查询:Aaron McDade

Nasdaq on Track for Bear Market

The 澳洲幸运5开奖号码历史查询:Nasdaq Composite was on track to fall into a 澳洲幸运5开奖号码历史查询:bear market on Friday as the tariff-induced global stock sell-off d✨eepened. 

The Nಌasdaq was recently down 4% at around 15,900 points, putting the index more than 20% off its December all-time high. The Nasdaq will have to close below 16,139.11 for a bear market to be confirmed.

The Nasdaq on Thursday had its 澳洲幸运5开奖号码历史查询:worst day since March 2020 after President Donald Trump o🍸utlined a raft of steep tariffs that economists warn risk pushing the U.S. economy into a recession while stoking inflation. 

The majority of the more than 3,000 stocks in the Nasdaq were trading in the red on Friday, but mega-cap tech stocks were weighing most heavily on the index. Shares of Apple (AAPL) were down 4% after tumbling nearly 10% yesterday, their worst day since March 2020. Chipmakers Nvidia (NVDA) and Broadcom (AVGO) were each down about 6%, while EV maker (TSLA) dropped 8%.

-澳洲幸运5开奖号码历史查询:Colin Laidley

JPM Cuts Tesla Profit View on 'Unprecedented Brand Damage'

Telsa (TSLA) shares sank Friday as JPMorgan reduced its earnings estimates for the electric vehicle (EV)🍬﷽ maker, citing worse-than-expected deliveries.

The analysts wrote in a note to clients that they made their determination after 澳洲幸运5开奖号码历史查询:first-quarter deliveries were "far below even our low end estimate, confirming the unprecedented brand damage we had earlier feared."💜 They added that after seeing Tesla's Q1 deliveries and production report, "we may have underestimated the degree of consumer reaction." 

JPMorgan noted that CEO 澳洲幸运5开奖号码历史查询:Elon Musk's role within the Trump administration has "contributed to the controversy surrounding the Tesla brand." The analysts explained that while reports suggested Musk may be stepping down soon, "what does seem clear, however, is that the trend in Tesla sales is worse than we and the꧂ market had appreciated."

They now see first-quarter fiscal 2025 澳洲幸运5开奖号码历史查询:earnings per share (EPS) of $0.36, down from their earlier estimate of $0.40, and full-year EPS of꧃ $2.30, compared to the previous outlook of $2.35.  

The analysts reiterated their "underweight" rating, saying that they "continue to see large downside" in their $120 December 2025 price target.

Tesla shares were down 8% at around $247 in recent trading. The stock has lost about 🅷40% of its value this year.

-澳洲幸运5开奖号码历史查询:Bill McColl

Odds of Recession Rise on Prediction Markets

Think there will—or won't—be a recession this year? Wanna bet? 

Economists and other forecasters have reworked their outlooks since President Donald Trump late Wednesday announced a fresh set of 澳洲幸运5开奖号码历史查询:global tariffs that sent markets racing downward. Several have 澳洲幸运5开奖号码历史查询:scaled back their forecasts for U.S. gross domestic product, while lifting their predictions regarding the likelihood of 澳洲幸运5开奖号码历史查询:a recession—technically defined as multiple quꦕarters of declining GDP growth. 

Investors, naturally, have their own ideas. And so do bettors on 澳洲幸运5开奖号码历史查询:prediction markets, which have lately grown in popularity including, late last year, as a means of wagering on the outcome of💛 the election Trump eventually won. (In addition to economic events, other playable markets you can find today include ones about the New York Democratic mayoral race, the Final Four, and Elon Musk.

On Polymarket, the odds of a recession have risen from below 30% around the time of Trump's inauguration to 56% as of earlier today. That means that, if you bet $1 on "yes," and you’re right, you'd win $1.75, while if you bet $1 on "no," you'd win $2.27.

The odds are a bit different on Kalshi, another prediction market. Over there, the odds of a recession were recently at 60%—meaning a correct $1 bet on "yes" will get you $2, while one on "no" will get you $3

-澳洲幸运5开奖号码历史查询:David Marino-Nachison

Nike Levels to Watch After Stock Hits 7-Year Low

Nike (NKE) shares have tu🍰mbled amid concerns that the Trump administration’s recently announced reciprocal tariffs could weigh on the company's profits.

Under Washington’s new levies, Nike’s key manufacturing partners in Vietnam, Indonesia, Cambodia, and China will be 澳洲幸运5开奖号码历史查询:subject to lofty import duties ranging from 32% to 49%, prompting worries that 澳洲幸运5开奖号码历史🌃查询:rising productꦜion costs and consumer prices could shrink margins and slow demand.

Nike was the biggest decliner in the Dow Jones Industrial Average on Thursday, falling 14% and closing at its lowest level since December 2017. Shares have lo🔥st 27% of their value since the start of the year, with both tariff uncertainty and a weak sales outlook pressuring the stock.

Since breaking down below the neckline of a 澳洲幸运5开奖号码历史查询:head and shoulders pattern last June, Nike shares have continued to trend sharply lower. More recently, selling has accelerated on above-average 澳洲幸运5开奖号码历史查询:trading volume, with the price falling decisively below the 200-month moving average to kick off April following Trump’s tariffs annꦐouncement.

While the 澳洲幸运5开奖号码历史查询:relative strength index (RSI) confirms bearish price momentum with a reading below 50, the indicator continues tracking toward oversold territory, potentially increasing the chances of a neꦦar-term bounce.

Investors should watch crucial support levels on Nike's monthly chart around $50 and $40, while also monitoring key resistance levels near $68 and $86.

Nike shares were down abo♈ut 5% at $52.70 in recent premark🍬et trading.

Read the full 澳洲幸运5开奖号码历史查询:technical analysis piece here.

-澳洲幸运5开奖号码历史查询:Timothy Smith

Major Stock Index Futures Plummet

Futures tied to the Dow Jones Industrial Ave🍸rage we🐟re down 3%.

S&P 500 futures were also off 3%.

Nasdaq 100 futures dropped 3.2%.