Nasdaq-100 futures indicated tech stocks would lead U.S. stocks higher as a new week of trading got under way Sunday night, though investors noted confusion remained after mixed signals from the Trump administration over tariffs on smartphones and other consumer electronics.
"May you live in interesting times."
US-China trade war rattled Asian markets—Hang Seng plunged, ASX wobbled, but the Nikkei rallied as Tokyo escaped harsher tariffs.
Semiconductor stocks led the Nasdaq recovery on April 9.
Nasdaq (NDAQ) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.
A portion of the previous day's huge tariff reprieve rally on Wall Street is predicted to be trimmed on Thursday, with trade tensions between the US and China continuing to rumble. Dow Jones futures were pointing to a loss of around 460 points or 1.15%, while S&P 500 futures were showing a 1.6% deficit and those for the Nasdaq indicated a 1.95% drop.
One expectation for this earnings season is that you'll see many companies pull guidance amidst tariff uncertainty.
The Nasdaq Composite (^IXIC -2.15%) includes almost every company listed on the Nasdaq stock exchange, so it's often a good proxy for the performance of the broader technology industry. As of the close on Friday, April 5, the index was down by 22% from its all-time high, which officially places it in a bear market.
The market saw red for much of the first quarter of 2025. Shares of Palantir Technologies (PLTR -0.62%), however, bucked the trend.
Wealth manager Josh Brown issued a stark warning about volatile technology stocks.
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.