Apple's decline pressures Nasdaq 100; tech rally stalls. Financials lead gains as traders weigh tariff news and prep for key earnings releases.
Nasdaq witnesses its largest intraday comeback since Oct. 10, 2008. We highlight five stocks at the forefront of the rebound.
Nasdaq (NDAQ) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
This company is unlikely to be directly impacted by the worldwide tariffs implemented by President Donald Trump.
NDAQ is set to grow on its increasing on-trading revenue base, impressive organic growth and investments in proprietary data, supported by a solid capital position.
President Donald Trump introduced and enacted a two-step tariff strategy on April 2, marking the beginning of his 'Liberation Day' plans. A baseline tariff of 10% was imposed on imports from various countries starting April 5 (read: 6 Trade-Resilient ETFs for Investors).
The tech-focused Nasdaq officially entered bear market territory on Friday, falling over 20% from its December peak.
Devon Energy (DVN -11.67%) got off to a great start in 2025. The oil company's stock price surged 14.3% in the first quarter, according to data from S&P Global Market Intelligence.
On April 2, President Trump announced sweeping tariffs on America's trading partners, which will increase the cost of physical goods coming into the country. The president's goal is to encourage more companies to manufacture products domestically to drive job creation, but there is likely to be significant economic pain in the short term, especially as other countries are expected to respond with tariffs of their own.
Investing in the best growth stocks in the world can be a great way to build up your wealth over the years. One top index that contains many fast-growing businesses is the Nasdaq-100, which contains the 100 largest nonfinancial stocks on the Nasdaq stock exchange.
When most investors think of a market index, the S&P 500 (^GSPC -5.97%) probably comes to mind. That makes sense since it is the go-to measure of broad stock performance.
The Nasdaq Composite (^IXIC -5.82%) is down 14.1% from its 52-week high, putting it in correction territory.