The drop in the stock market indices on Friday, April 4th shows that the stronger-than-expected jobs report for March '25 was ignored. The expected range of outcomes for “forward” S&P 500 EPS estimates has widened dramatically in the last week. It will be interesting to see what happens with Q2 '25 S&P 500 EPS expected growth rates as we progress through Q1 '25 earnings releases. The new forward four-quarter EPS estimate is $278.96 versus last week's $268.91, for a sequential increase of $10.15.
Lori Calvasina, RBC, joins 'Fast Money' to talk her year-end S&P 500 forecast after stocks plummet following Trump's tariff announcements.
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On Wednesday after market close, President Trump announced a broad suite of import tax hikes, ranging from 10% to over 50%.
China's retaliatory 34% tariffs spark market meltdown with tech stocks leading declines. S&P 500 enters correction territory as Treasury yields fall below 4% on recession fears.
U.S. dollar remained under strong pressure after the release of the report.
The economy shows signs of weakening with rising unemployment, increasing consumer delinquencies, and a spike in business bankruptcies, indicating higher recession probabilities. Reliable indicators like the inverted yield curve, widening credit spreads, and outperforming consumer staples sector suggest a recession is likely within the next 12 months.
The CNN Money Fear and Greed index showed almost no change in the overall market sentiment, while the index remained in the “Extreme Fear” zone on Tuesday.
When Donald Trump was sworn in for his second term on January 20, 2025, the financial markets were riding a wave of optimism, which has now significantly faded, as evidenced by returns from indices such as the S&P 500.
The price chart of the S&P 500 Index (INDEXSP: .INX) is not bullish. In fact, it's quite concerning right now.
JOLTs Job Openings declined to 7.568 million, missing analyst expectations.
The S&P 500 (^GSPC 0.55%) is one of the most closely watched stock market indexes. Often viewed as a barometer for the broader market, the S&P 500 consists of the 500 largest companies in the U.S., providing a benchmark for measuring a portfolio's performance.