The Nasdaq Composite (^IXIC -0.05%) has fallen sharply as President Donald Trump has pushed for radical changes in U.S. trade policy. The technology-heavy index closed in correction territory on March 6, and it closed in bear market territory on April 4.
Berkshire Hathaway's (BRK.A 0.17%) (BRK.B -0.12%) assets have changed considerably in recent years. Today, the value of Berkshire's controlled companies exceeds its public equity portfolio.
Last week's rally in the broader stock market indexes sprung the Nasdaq Composite (^IXIC 0.64%) back upward after a more than 20% that technically put it into a bear market. However, it's apparent that market volatility may be far from over.
Apple's 2% jump on tariff relief lifted the Nasdaq 100, but with market fragility in focus, traders are watching to see if the rally has real staying power.
US stock indices are expected to continue rallying on Monday, where they left off last week, following the exemption from 'reciprocal' tariffs for smartphones and computers. Tech companies were predicted to lead the gains at the start of the week, with Nasdaq 100 futures rising 1.7%, followed by a 1.5% gain for S^P 500 futures and 1% for the Dow Jones.
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.