Nasdaq tech stocks, led by Nvidia, Tesla and Palantir, are set to lead a deeper US stock market sell-off on Monday, the last trading day of the quarter, ahead of the start of Donald Trump's reciprocal tariffs later in the week. On the futures market, the Nasdaq 100 was down 1.4%, while S&P 500 futures were 1.05% lower and those for the Dow Jones fell 0.65%.
Bearish sentiment, tariff clarity, and April seasonality could fuel a Nasdaq 100 rebound. Key tech stocks like Apple and Meta may benefit from rebalancing.
The Nasdaq-100 is composed of the 100 largest non-financial companies listed on the Nasdaq Composite (^IXIC -2.70%). For those who have followed the market in recent years, it should come as no surprise that this tech-heavy index, which is full of some of the largest artificial intelligence companies in the world, has been a good long-term investment.
The stock market has had a shaky start to the year. The tech-centric Nasdaq Composite (^IXIC -2.70%) is down 7% year to date at the time of this writing.
The Nasdaq Composite (^IXIC -2.70%) is down more than 7% year to date at the time of writing. Sudden dips in the stock market are not fun, but they are common and can help you buy shares of quality growth stocks at better prices.
After posting double-digit gains during both 2023 and 2024, the S&P 500 and Nasdaq Composite have gotten off to an underwhelming start this year. As of this writing, the S&P 500 is down 3% on the year while the tech-heavy Nasdaq index has fallen by a more pronounced 7%.
The Nasdaq Composite (^IXIC -2.70%) is currently in market correction territory, meaning the index is more than 10% below its recent bull-market high. However, most Wall Street analysts see the decline as a good opportunity to buy shares of Nvidia (NVDA -1.51%) and AppLovin (APP 4.03%).
After many artificial intelligence (AI) companies recently led the Nasdaq Composite (^IXIC -2.70%) into correction territory, it's time to start thinking about what will happen next. Many are worried that an economic slowdown triggered by unknowns around tariffs could slow AI investments and hurt many of these companies.
The markets aren't faring any better as of mid-morning trading. In fact, stocks have widened their losses, with the Dow Jones Industrial Average now off by over 400 points.
CoreWeave has priced its initial public offering at $40 per share, less than the expected range of $47 to $55. The Nvidia-backed cloud computing company aims to raise approximately $1.5 billion in what has become the largest technology offering in the United States since 2021.
8am: US stocks set to extend loss US stock futures pointed to a slightly weaker start ahead of the opening bell on Friday, extending Thursday's losses on the back of intensifying tariff talks. Nasdaq futures were down 0.27%, while those for the S&P 500 and the Dow Jones were down by 0.15% and 0.13%.
The tech-heavy Nasdaq-100 index is down by more than 10% from the all-time high it set last month, but it was down by as much as 13% earlier in March. A broad sell-off swept the U.S. stock market as historically high valuations ran up against rising fears and uncertainties about tariffs, trade wars, and the macroeconomic outlook, triggering a risk-off sentiment among investors.