President Donald Trump on Tuesday unveiled sweeping plans to revive U.S. coal production to meet the nation's rising energy demands, marking a dramatic policy reversal from the climate-focused agendas of the Biden <a href="https://www.benzinga.com/topic/donald-trump">and Obama administrations.</a>



Meanwhile, Wall Street plunged deeper into negative territory as escalating tariff tensions with China reignited fears of a global economic slowdown.



"We're ending Joe Biden's war on beautiful clean coal once and for all," Trump declared. "We're going to reopen those plants, put miners back to work, and get approvals very fast."



Trump's order directs federal agencies to fast-track mining permits, slash environmental regulations, and expand coal leases on federal lands.



"Pound for pound, coal is the single most reliable, durable, secure, and powerful form of energy on Earth," the president added.



According to the U.S. Energy Information Administration, coal production in 2023 totaled 578 million short tons, less than half the 1.17 billion short tons produced at its peak in 2008. 



The decline, the EIA noted, has been driven by rising costs, tougher environmental rules, and increased competition from natural gas and renewables.



&#8220;We&#8217;ll be signing a bill to unleash the might of our beautiful clean coal industry in this country,&#8221; Trump said.



Shares of Peabody Energy Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BTU#NYSE">BTU</a>), the largest private-sector coal company in the world, rose 9% in after-hours trading, and Warrior Met Coal Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HCC#NYSE">HCC</a>) rose 6.5%.



<h3 class="wp-block-heading">Wall Street Selloff Deepened</h3>



While Trump was touting coal's comeback, Wall Street was in full-blown retreat. 



Major indexes erased hefty morning gains in a volatile session that saw risk sentiment collapse after White House Press Secretary Karoline Leavitt confirmed Trump's 104% retaliatory tariff on Chinese imports would go live at 12:01 a.m. ET Wednesday.



"China made a mistake by retaliating, and the president is punching back harder," Leavitt said, ruling out any delay or exemption to the tariffs.



The news sent a jolt through financial markets, reversing a sharp morning rally and pushing the S&amp;P 500 index to its lowest levels in a year.



The S&amp;P 500 closed at 4,892, down 1.57%, after having surged as much as 3.7% earlier in the session.



The Nasdaq 100 ended the day at 17,104, falling 1.95% from the previous close, despite hitting a 4.1% intraday gain during the morning rally.



The Dow Jones Industrial Average finished at 37,663, shedding 0.8%, after climbing as much as 2.5% at its session peak.



<h3 class="wp-block-heading">Mega-Cap Tech: From Rally To Rout</h3>



Among the Magnificent Seven, losses were led by Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), which closed down 5%, falling more than 9 percentage points from its intraday highs. 



Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) ended 4.9% lower, while Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) dropped 2.9%. 



The iShares Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOXX#NASDAQ">SOXX</a>), which had surged more than 3% in morning trading, ended lower by 4%, signaling broad risk aversion toward chipmakers. AI darling Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) closed 1.4% lower.



Read Next: 



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<li><a href="https://www.benzinga.com/economics/macro-economic-events/25/04/44699965/biggest-tax-hike-since-1982-trumps-tariff-strategy-faces-harsh-economic-forecast">Biggest Tax Hike Since 1982? Trump&#8217;s Tariff Strategy Faces Harsh Economic Forecast</a></li>
</ul>



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Government

Macro Economic Events

Regulations

Econ #s

Economics

Tech

AAPL

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NVDA

SOXX

TSLA

Trump Unleashes 'Beautiful Clean Coal' Policies As Wall Street Tanks, S&P 500 Hits 1-Year Low

Despite mounting political and <a href="https://www.benzinga.com/economics/macro-economic-events/25/04/44699965/biggest-tax-hike-since-1982-trumps-tariff-strategy-faces-harsh-economic-forecast">economic strain</a> between the U.S. and China, many American companies remain reluctant to scale back their operations in the world's second-largest economy.



What To Know: According to a new report commissioned by the U.S. Chamber of Commerce Foundation and <a href="https://www.wsj.com/world/china/many-u-s-companies-plan-to-keep-china-ties-survey-finds-906481c9">cited</a> by The Wall Street Journal, a majority of surveyed firms still see strategic value in maintaining or expanding their presence in China — even as they increasingly view it as their biggest geopolitical risk.



The report, based on surveys and interviews with nearly 200 businesses, highlights a disconnect between Washington's push for "selective decoupling" and corporate America's entrenched reliance on China's manufacturing capacity, skilled labor, and vast consumer market.



Read Also: <a href="https://www.benzinga.com/news/25/04/44699850/why-ishares-china-large-cap-etf-fxi-is-falling">Why iShares China Large-Cap ETF (FXI) Is Falling</a>



Per the WSJ, roughly 70% of participating U.S. Chamber members indicated plans to maintain or grow Chinese engagement, despite concerns over Beijing's tightening regulatory environment and the rising specter of conflict across the Taiwan Strait.



What Else: Those long-term worries came into sharper focus Tuesday after White House Press Secretary Karoline Leavitt confirmed that President Donald Trump's <a href="https://www.benzinga.com/economics/macro-economic-events/25/04/44698697/markets-reverse-gains-as-trumps-104-china-tariff-announcement-rattles-wall-street">104% tariff on Chinese imports</a> will take effect at 12:01 a.m. ET on Wednesday. "It was a mistake for China to retaliate," Leavitt said, reiterating the administration's hardline stance.



Financial markets quickly reversed early gains, with the SPDR S&amp;P 500 ETF Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NASDAQ">SPY</a>) closing down 1.7% and the SPDR Dow Jones Industrial Average ETF Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NASDAQ">DIA</a>) sliding 1.2% on Tuesday.



The tariff announcement dampened hopes of near-term trade resolution and heightened fears of broader economic fallout, <a href="https://www.benzinga.com/economics/macro-economic-events/25/04/44698697/markets-reverse-gains-as-trumps-104-china-tariff-announcement-rattles-wall-street">echoing concerns</a> raised earlier Tuesday by Chicago Fed President Austan Goolsbee regarding potential growth slowdowns linked to trade policy.



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<li><a href="https://www.benzinga.com/economics/macro-economic-events/25/04/44699965/biggest-tax-hike-since-1982-trumps-tariff-strategy-faces-harsh-economic-forecast">Biggest Tax Hike Since 1982? Trump&#8217;s Tariff Strategy Faces Harsh Economic Forecast</a></li>
</ul>



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News

Global

US Companies Stick With China As Trump Tariffs Set To Take Effect: Report

As President Donald Trump initiated a tariff plan that many <a href="https://www.benzinga.com/25/04/44665530/jamie-dimon-once-a-tariff-supporter-warns-trumps-new-policy-could-slow-us-growth-fuel-inflation-the-quicker-the-issue-is-resolved-the-better">critics label stagflationary</a>, key figures in the Federal Reserve, including Mary Daly, president of the Federal Reserve Bank of San Francisco, signaled that the central bank might <a href="https://www.benzinga.com/economics/macro-economic-events/25/04/44667104/speculators-raise-wagers-on-fed-emergency-rate-cuts-as-theories-of-self-induced-crash-gather-pace">delay further rate cuts</a>.



Daly, speaking at a moderated discussion at Brigham Young University on Tuesday, said she is comfortable with current interest rate levels, <a href="https://www.bloomberg.com/news/articles/2025-04-08/fed-s-daly-says-policy-is-in-good-place-amid-trade-uncertainty">reported </a>Bloomberg.



"We cut the interest rate by 100 basis points last year. That puts policy in a good place to stay modestly restrictive — keep inflation coming down — but not so restrictive that the economy is vulnerable," Daly told attendees.



Daly participates in the rate-setting Federal Open Market Committee as a rotating voting member. The Missouri native served on the committee in 2024 and is not currently a sitting member.



Daly said she thinks the committee should be careful when deviating from its current path.



"So, with growth good and policy in a good place, we've built the time and the ability to just tread slowly and tread carefully," she said.



Meanwhile, Fed Chair Jerome Powell has rebuked Trump&#8217;s overtures to policymakers to cut rates. Speaking at the Society for Advancing Business Editing and Writing conference on April 4, Powell said it&#8217;s &#8220;too soon&#8221; to assess a change in policy given the tariffs&#8217; impact on inflation.



According to the Federal Reserve Bank of St. Louis, the federal funds rate is currently 4.33%, lower than the 2024 peak of 5.33% but substantially higher than the low interest rate environment observed in the 2010s.



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<li><a href="https://www.benzinga.com/economics/macro-economic-events/25/04/44698697/markets-reverse-gains-as-trumps-104-china-tariff-announcement-rattles-wall-street">Markets Reverse Gains As Trump&#8217;s 104% China Tariff Announcement Rattles Wall Street</a></li>
</ul>



Photo: Shutterstock

Federal Reserve

San Francisco Fed's Mary Daly Says Central Bank Should 'Tread Slowly And Tread Carefully'

Wall Street's early rally lost steam and flipped into negative territory Tuesday afternoon after White House Press Secretary Karoline Leavitt confirmed that President Donald Trump's retaliatory 104% tariff on Chinese imports would take <a href="https://www.benzinga.com/topic/donald-trump">effect at 12:01 a.m. ET Wednesday. </a>



Her remarks triggered a sharp deterioration in market sentiment and reignited fears of a global trade escalation.



By 2:15 p.m. ET, the S&amp;P 500 – as tracked by the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) – had slipped 0.3%, the Russell 2000 fell 1.3%, and the Nasdaq 100 was barely positive, up just 0.1%. The Dow Jones Industrial Average held onto a 0.3% gain, though upside momentum was fading fast.



<h3 class="wp-block-heading">What Triggered The Market Turnaround?</h3>



Leavitt&#8217;s remarks delivered clarity — and a hard deadline — for Trump&#8217;s escalating tariff campaign.



"There will be 104% tariffs going into effect on China tonight at midnight," Leavitt said. 



"It was a mistake for China to retaliate, and the president is punching back harder."



The press secretary echoed Trump&#8217;s hardline stance, stating that "America does not need other countries as much as other countries need us," and emphasized that the president believes China wants to make a deal, but doesn't know how to start.



While earlier this week Trump hinted at openness to negotiations, Tuesday's update suggested no de-escalation in sight.



Leavitt insisted that tariffs are not up for delay or exemption, rejecting suggestions that market turmoil had prompted a policy shift. 



She confirmed that the administration expects these trade deals and tariffs to generate "trillions of dollars in revenue" while incentivizing onshoring and closing U.S. trade deficits.



Earlier on Tuesday, Chicago Fed President Austan Goolsbee warned that the economic consequences of tariffs may already be materializing.



"We can't wait until the end of the quarter plus one month to find out that investment has dropped off and GDP growth is shrinking," Goolsbee said, calling for timelier insight into the drag from protectionist policy.



<h3 class="wp-block-heading">Tech Stocks Lose Steam, Semis Cool Off</h3>



After leading the rally earlier in the session, tech stocks began to falter. 



Among the Magnificent Seven, Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) turned sharply lower, down 2.33%, while Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) shed 0.85% and Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) slipped 0.32%.



Only Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) continued to hold onto gains, up 2.43%.



Semiconductor stocks, which had gained over 3.3% by midday, then flipped to losses, with the iShares Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOXX#NASDAQ">SOXX</a>) down 0.4%.



Defensive sectors such as utilities and communications hovered near flat, while materials and consumer discretionary posted the steepest losses amid fears of disrupted global supply chains.



Read now: 



<ul>
<li><a href="https://www.benzinga.com/government/regulations/25/04/44674785/trump-vows-to-reset-global-trade-warns-iran-faces-great-danger-if-talks-fail">Trump Vows To &#8216;Reset&#8217; Global Trade, Warns Iran Faces &#8216;Great Danger&#8217; If Talks Fail</a></li>
</ul>



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Equities

Large Cap

Broad U.S. Equity ETFs

ETFs

Markets Reverse Gains As Trump's 104% China Tariff Announcement Rattles Wall Street

A bold bet on tariffs as a self-funded strategy for future tax cuts could backfire, as President Donald Trump's sweeping import duties promise massive tax revenues, but at the cost of slower growth <a href="https://www.benzinga.com/news/econ-s">and higher consumer pain.</a>



In a recent report, the <a href="https://taxfoundation.org/research/all/federal/trump-tariffs-trade-war/">Tax Foundation</a> analyzed the economic fallout of Trump's tariff plan announced on April 2, estimating it would trigger the biggest tax increase since 1982 and shrink gross domestic product by 0.7% over the next decade, even before accounting for foreign retaliation.



<h3 class="wp-block-heading">What's The Economic Impact Of Trump's New Tariff Push?</h3>



The new tariff proposal would raise the average tariff rate on all imports from 2.5% to 16.5% by 2025, a level unseen since the Great Depression era in 1937. 



According to the Tax Foundation, the plan comprises a universal tariff policy and prior tariff escalations, together projected to generate $2.9 trillion in federal revenue over 10 years.



"The 2025 Trump tariffs are larger than the tax increases enacted under Presidents George H.W. Bush, Bill Clinton, and Barack Obama,&#8221; the report stated.



<h3 class="wp-block-heading">A Steep Cost For US Households</h3>



What boosts the Treasury's balance sheet drains the wallets of American families. Tariffs are essentially taxes on imports, and those costs typically fall on U.S. consumers and businesses. 



The think tank estimates the average U.S. household would pay over $1,900 more in 2025, with after-tax income declining by 1.9%.



"Tariffs raise prices and reduce available quantities of goods and services for U.S. businesses and consumers, resulting in lower income, reduced employment, and lower economic output," the report said.



Imports are also expected to plunge by more than $800 billion in 2025, a 25% drop, which could upend global supply chains and inflate prices of goods that rely on foreign components.



"Economists generally agree free trade increases the level of economic output and income," the report said. 



<h3 class="wp-block-heading">A Shrinking Incentive To Work And Invest</h3>



The economic damage extends beyond just higher consumer prices. One major effect comes from rising production costs. As tariffs raise the price of imported parts and raw materials, U.S. businesses pass those increases on to consumers. The resulting inflation erodes the real return on both labor and capital, ultimately discouraging work and investment.



"Because higher prices would reduce the return to labor and capital, they would incentivize Americans to work and invest less, leading to lower output," the Foundation said.



Another, more subtle risk lies in the currency market. A stronger U.S. dollar may offset some price inflation for American consumers, but it would also make U.S. exports less competitive globally. 



That, in turn, could reduce revenue for exporters, suppress job creation, and further dampen economic output.



Whether through rising prices or a stronger currency, the long-run effects from tariffs remain dire: lower growth, weaker income gains, and reduced economic dynamism.



Read Next: 



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<li><a href="https://www.benzinga.com/25/04/44698325/trump-tariff-strategy-self-inflicted-market-debacle-says-wedbush-analyst">Trump Tariff Strategy Creates &#8216;Self-Inflicted Market Debacle&#8217;: Analyst</a></li>
</ul>



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Analyst Color

Analyst Ratings

Biggest Tax Hike Since 1982? Trump's Tariff Strategy Faces Harsh Economic Forecast

On Friday, China&#8217;s finance ministry announced a 34%&nbsp;tariff on all goods imported&nbsp;from the U.S., effective April 10, in response to the U.S. administration&#8217;s 54% duties imposed by the Trump-led administration during the so-called <a target="_blank" href="https://www.benzinga.com/topic/tariffs" rel="noreferrer noopener">Liberation Day last week</a>.



Trump has&nbsp;threatened to impose an additional 50% duty&nbsp;on Chinese imports if Beijing does not <a target="_blank" href="https://www.benzinga.com/news/global/25/04/44679330/will-trump-impose-higher-tariffs-on-china-crypto-bettors-now-see-an-80-possibility" rel="noreferrer noopener">drop the 34% tariffs</a>.



On Monday, Trump hinted at more openness in trade negotiations with China after threatening to impose a 50% tariff on top of the 54% already levied.



&#8220;China also wants to make a deal badly, but they don&#8217;t know how to get it started,&#8221; <a target="_blank" href="https://www.benzinga.com/economics/macro-economic-events/25/04/44686417/wall-street-soars-as-trump-teases-trade-deals-magnificent-seven-add-over-500-billion-in-market-value" rel="noreferrer noopener">Trump wrote</a>.



Wedbush analyst Daniel Ives writes that &#8220;saying we can just make this in the USA&#8221; understates how complex the supply chain in Asia really is—and how electronics, chips, semiconductors, hardware, and smartphones have been built for U.S. consumers over the past 30 years.&#8221;



Also Read: <a target="_blank" href="https://www.benzinga.com/economics/macro-economic-events/25/04/44686417/wall-street-soars-as-trump-teases-trade-deals-magnificent-seven-add-over-500-billion-in-market-value" rel="noreferrer noopener">Wall Street Soars As Trump Teases Trade Deals, Magnificent 7 Add Over $500 Billion In Market Value</a>



&#8220;The reason I believe this is the biggest debacle ever seen in the markets is because its purely self-inflicted by Trump, and the logic about &#8220;near-term pain&#8221; is being way miscalculated, which speaks to our concern. It&#8217;s very easy to say &#8220;build in America&#8221; behind a microphone in the Beltway&#8230;the reality is so much different it&#8217;s almost a scary concept,&#8221; says Daniel Ives.



For U.S. tech/auto companies, tariffs are like flipping a boat with no life rafts.



The list of vulnerable companies is long and includes Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), General Motors Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>), and Advanced Micro Devices, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), among others.



Building a factory in the U.S. takes four to five years. The analyst explains that high labor costs and other expenses in the U.S. don&#8217;t align with how modern supply chains are designed to operate. This makes it hard to compete with Chinese tech giants like BYD Co Ltd (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDF#OTC">BYDDF</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDY#OTC">BYDDY</a>), Huawei, Alibaba Group Holding Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), Tencent Holdings Ltd (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCEHY#OTC">TCEHY</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCTZF#OTC">TCTZF</a>)—and many others—a big opportunity to expand their global reach.



Also, much of the key technology and intellectual property behind these supply chains is already deeply rooted in Asia. So, any effort to shift production to the U.S. would take at least a decade to make a real impact, Wedbush analyst writes.



Read Next:



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<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/04/44696126/trump-administration-shuts-down-the-department-of-justices-crypto-crime-unit" target="_blank" rel="noreferrer noopener">Trump Administration Shuts Down The Department Of Justice&#8217;s Crypto Crime Unit</a></li>
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 Image: Shutterstock

General

BABA

BYDDF

BYDDY

MSFT

TCEHY

TCTZF

Trump Tariff Strategy Creates 'Self-Inflicted Market Debacle': Analyst

Spruce Point Capital Management&nbsp;has announced a short position against Monster Beverage Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MNST#NASDAQ">MNST</a>) as the short seller sees <a href="https://www.benzinga.com/quote/MNST">25% to 40% downside risk</a>.



What To Know: After conducting a forensic financial and accounting review, <a href="https://www.benzinga.com/topic/short-sellers">short seller</a> Spruce Point raised concerns about the sustainability of Monster&#8217;s recent financial performance and the accuracy of its accounting and financial reporting in a new short report released Tuesday. 



&#8220;Changing consumer preferences, an evolving regulatory landscape, and pressures to reduce government supported programs for unhealthy foods leaves Monster vulnerable to escalating threats,&#8221; the short seller said.



&#8220;We believe Monster is likely aware of these challenges and is acting in a manner to combat these issues. However, we also believe that Monster may be taking aggressive and/or non-transparent actions that are not in the best interests of investors.&#8221;



Benzinga has reached out to Monster Beverage for comment on the report. 



Spruce Point believes Monster Beverage shares are fully valued and offer poor risk/reward from current levels. The short seller noted that insiders have been accelerating their pace of stock sales and more than 50% of analysts don&#8217;t have a &#8220;Buy&#8221; rating on the stock.



Monster also trades with an &#8220;irrational&#8221; premium compared to Coca-Cola Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KO#NYSE">KO</a>) despite being highly dependent on the company for distribution, the short seller said. Monster has a price-to-earnings ratio of approximately 30.8, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>. Meanwhile, Coca-Cola trades with a price-to-earnings ratio of approximately 20. 



Furthermore, Spruce Point alleged that Monster&#8217;s relationship with Coke is &#8220;not healthy&#8221; and a potential takeover deal is not in the cards. The short seller said it uncovered evidence of a financial strain between the two companies starting in 2022. 



Check This Out: <a href="https://www.benzinga.com/economics/macro-economic-events/25/04/44697600/stocks-rebound-chipmakers-soar-on-trade-deal-hopes-bitcoin-lags-whats-driving-markets-tuesday#google_vignette">Stocks Rebound, Chipmakers Soar On Trade Deal Hopes, Bitcoin Lags: What&#8217;s Driving Markets Tuesday?</a>



Spruce Point also said it takes issue with how Monster is reporting sales for its Tour Water brand. Although it&#8217;s not an energy drink product, the company reported its revenue in the Monster Energy Drinks segment, which could &#8220;potentially be a lever to inflate energy drink organic sales.&#8221;



&#8220;Moreover, Monster says it is distributed through the Alcohol Brands segment, which casts further doubt on the soundness of its revenue recognition choice,&#8221; the short seller said. 



Spruce Point went on to raise concerns around margins on sales through Amazon.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), production inefficiencies, increasing competition and social media brand stagnation. 



Spruce Point issued a &#8220;Strong Sell&#8221; opinion on Monster shares as the short seller expects Monster to underperform the food and beverage industry along with the broader equity market moving forward. 



MNST Price Action: <a href="http://benzinga.com/quote/mnst">Monster Beverage shares</a> were down 2.6% at $55.60 at the time of publication Tuesday, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>.



Read Next:



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<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/04/44696168/apple-is-a-buying-opportunity-again-as-key-valuation-level-flashes-green-bank-of-america-says">Apple Is A &#8216;Buying Opportunity&#8217; Again As Key Valuation Level Flashes Green, Bank Of America Says</a></li>
</ul>



Photo: <a href="https://www.shutterstock.com/g/nawawi+mohamed">kiraziku2u</a>/Shutterstock.

Short Sellers

Short Ideas

Trading Ideas

MNST

Short Seller Sees 25% To 40% Downside In Monster Beverage Shares: 'Vulnerable To Escalating Threats'

After a brutal sell-off that wiped out a fifth of Apple Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) market value in less than a week, one of Wall Street's most prominent banks believes history is flashing a strong buy signal for the tech titan and historical data suggests <a href="https://www.benzinga.com/tech">they might be right.</a>



In a note shared Tuesday, Bank of America analyst Wamsi Mohan said Apple's risk-reward profile is now skewing favorably for long-term investors, thanks to a rare compression in the stock's valuation multiple that has previously signaled strong future returns.



<h1 class="wp-block-heading">Valuation Compression Signals Opportunity For AAPL Shares</h1>



Apple shares are down 25.5% year to date and have fallen 23.5% since their last earnings report, underperforming the S&amp;P 500 index, which declined 13.7% and 16.6% in the same respective periods. 



Since President Donald Trump&#8217;s tariffs took affect on April 2, the iPhone maker lost 17%, more than double the decline suffered by the S&amp;P 500 index.



Geopolitical tensions around U.S.-China tariffs and delays in rolling out Apple Intelligence features on Siri have contributed to the decline.



Yet, Mohan said Apple's current forward price-to-earnings (P/E) ratio of about 21 times marks a key inflection point. 



&#8220;We view AAPL&#8217;s current c.21x PE as an enhanced buying opportunity,&#8221; he said, referencing historical data that suggests Apple typically performs well after similar valuation dips.



The forward P/E ratio reflects investor expectations of a company's earnings growth. When the ratio drops below 25 times, as it has now, Apple's stock has historically delivered compelling returns in the months that follow.



<h1 class="wp-block-heading">What Happens When Apple's P/E Falls Below 25?</h1>



Apple&#8217;s stock has historically delivered solid returns in the months following a forward P/E compression below 25x, as Bank of America analysis shows.



On average, shares rose 7% after three months, 8% after six months, 14% after nine months, and 17% after 12 months.



After the March 2024 P/E compression, Apple shares surged 36% in 12 months. 



The October 2023 instance yielded a 34% return over the same period. In contrast, downside risk remained relatively muted, with worst-case three-month declines of 5% to 11%.



Only once did Apple shares continue to decline 12 months after the forward P/E ratio dropped below 25x — following the April 22, 2022 event, when the stock fell 12% over the subsequent year.



<figure class="wp-block-table is-style-stripes"><table style="overflow:auto; height: 90px; display: block;"><thead><tr><th>Date P/E &lt; 25x</th><th>Price at Compression</th><th>+3 Months</th><th>% Change</th><th>+6 Months</th><th>% Change</th><th>+9 Months</th><th>% Change</th><th>+12 Months</th><th>% Change</th></tr></thead><tbody><tr><td>04/30/2021</td><td>$131.46</td><td>$145.86</td><td>+11%</td><td>$149.80</td><td>+14%</td><td>$157.65</td><td>+20%</td><td>$170.33</td><td>+30%</td></tr><tr><td>09/30/2021</td><td>$141.50</td><td>$178.20</td><td>+26%</td><td>$174.61</td><td>+23%</td><td>$142.48</td><td>+1%</td><td>$165.02</td><td>+16%</td></tr><tr><td>04/22/2022</td><td>$161.79</td><td>$154.09</td><td>-5%</td><td>$136.72</td><td>-15%</td><td>$180.19</td><td>+12%</td><td>$142.48</td><td>-12%</td></tr><tr><td>08/29/2022</td><td>$161.38</td><td>$144.22</td><td>-11%</td><td>$147.27</td><td>-9%</td><td>$147.92</td><td>-8%</td><td>$180.19</td><td>+12%</td></tr><tr><td>10/02/2023</td><td>$173.75</td><td>$192.53</td><td>+11%</td><td>$175.43</td><td>+1%</td><td>$233.00</td><td>+34%</td><td>$233.00</td><td>+34%</td></tr><tr><td>03/04/2024</td><td>$175.10</td><td>$194.03</td><td>+11%</td><td>$216.75</td><td>+25%</td><td>$229.00</td><td>+31%</td><td>$238.03</td><td>+36%</td></tr><tr><td>04/03/2025</td><td>$203.19</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr></tbody></table></figure>



<h1 class="wp-block-heading">What&#8217;s Different This Time?</h1>



Some investors may be concerned that this time is different, given growing geopolitical friction between the U.S. and China. 



With Apple heavily dependent on Chinese manufacturing and facing potential tariffs, the risk to earnings estimates remains elevated.



Still, Bank of America sees strategic levers Apple can pull to counteract these risks. 



&#8220;We note that Apple has many options to mitigate downside risk to estimates. These include: sourcing more iPhones from India, applying higher pricing in products/services, pressuring its supply chain for better economics, introducing new products at higher price points and changing cadence of product releases,&#8221; the report says. 



Read now: 



<ul>
<li><a href="https://www.benzinga.com/general/education/25/04/44674343/these-5-sp-500-winners-held-strong-in-q1-can-the-rally-continue">These 5 S&amp;P 500 Winners Held Strong In Q1 — Can The Rally Continue?</a></li>
</ul>



Photo: Shutterstock

Apple Is A 'Buying Opportunity' Again As Key Valuation Level Flashes Green, Bank Of America Says

Treasury Secretary Scott Bessent on Tuesday characterized <a href="https://www.benzinga.com/markets/25/04/44677506/china-resolutely-opposes-trumps-50-tariff-threat-vows-countermeasures-as-trade-tensions-jolt-markets">China&#8217;s retaliatory trade actions</a> as a &#8220;big mistake,&#8221; saying the nation is &#8220;playing with a losing hand&#8221; in the escalating tariff conflict with the United States. 



The Details: Bessent appeared on CNBC's Squawk Box where he <a href="https://www.cnbc.com/2025/04/08/treasury-secretary-bessent-says-chinas-escalation-was-big-mistake-country-playing-with-losing-hand.html">addressed</a> China's recent comments that it will "fight to the end" in a trade war with the U.S. 



"I think it was a big mistake, this Chinese escalation, because they're playing with a pair of twos," Bessent said.



&nbsp;"What do we lose by the Chinese raising tariffs on us? We export one-fifth to them of what they export to us, so that is a losing hand for them," he added.&nbsp;



Read Next: <a href="https://www.benzinga.com/25/04/44667862/oil-crashes-to-60-per-barrel-as-recession-fears-grow">Oil Crashes To $60 Per Barrel As Global Recession Fears Grow&nbsp;</a>



Bessent's comments come after President Donald Trump said he will slap another 50% charge on Chinese imports if the 34% retaliatory tariff on U.S. goods is not withdrawn.&nbsp;



Beijing responded on Monday with the following comments:&nbsp;



"The U.S. threat to escalate tariffs on China is a mistake on top of a mistake," the Commerce Ministry said in a <a href="https://www.benzinga.com/markets/25/04/44677506/china-resolutely-opposes-trumps-50-tariff-threat-vows-countermeasures-as-trade-tensions-jolt-markets">statement translated</a> by CNBC. "China will never accept it. If the U.S. insists on its own way, China will fight to the end."



Mao Zhenhua, an economics professor at the University of Hong Kong, said that China's comments show the nation is "ready to act," as<a href="https://www.scmp.com/economy/global-economy/article/3305666/brace-impact-chinese-economist-warns-gloves-are-us-trade-war?utm_medium=email&amp;utm_source=cm&amp;utm_campaign=enlz-today_international&amp;utm_content=20250408&amp;tpcc=enlz-today_international&amp;UUID=69b4a47a-ff60-4b7a-b889-784cba25513c&amp;next_article_id=3305526&amp;article_id_list=3305666,3305526&amp;tc=4"> reported</a> by the South China Morning Post. 



"The probability for both sides to meet for talks or even a turnaround is very small," Mao added, warning all parties to "brace for impact".



What Else: Bessent also told CNBC that Japan is eager to negotiate on tariffs and the White House expects many other countries to come to the table as well.&nbsp;&nbsp;



"I think you are going to see some very large countries with large trade deficits come forward very quickly," Bessent said. "If they come to the table with solid proposals, I think we can end up with some good deals."



Markets React: All 3 major indexes opened Tuesday's session in the green as Wall Street felt some relief amid hope for tariff deals.&nbsp;&nbsp;



The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>), tracking the S&amp;P 500, was up 3% at $519.79 and the Invesco QQQ Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), tracking the Nasdaq 100 index, was up 3.3% at $437.66.&nbsp;&nbsp;



Some U.S.-listed Chinese stocks traded lower despite the broad market rally, including Alibaba Group Holding Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) and PDD Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>).&nbsp;



Read Next:&nbsp;



<ul>
<li><a href="https://www.benzinga.com/news/large-cap/25/03/44537429/cathie-wood-doubles-down-on-2600-tesla-stock-price-prediction">Cathie Wood Doubles Down On $2,600 Tesla Stock Price Prediction</a></li>
</ul>



Image: Shutterstock

Politics

Treasury Secretary Bessent Says China Holds 'Losing Hand' In Tariff Escalation

U.S. stocks surged in early trading Tuesday after President Donald Trump hinted at progress on some trade deals with key trading partners, easing fears of global trade disruption stemming <a href="https://www.benzinga.com/topic/tariffs">from recent tariff announcements.</a>



The S&amp;P 500 index, as tracked by the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>), surged 3% by 9:45 a.m. in New York, clawing back some of the 10% it had lost over the previous four sessions.



Other major indices also showed robust gains, with the tech-heavy Nasdaq 100 – tracked by the Invesco QQQ Trust, Series 1 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) – outperforming counterparts amid broad-based rallies in mega-cap and semiconductor stocks.



<figure class="wp-block-table is-style-stripes"><table style="overflow:auto; height: 90px; display: block;"><tbody><tr><td>Major Indices</td><td>Price</td><td>Chg</td><td>%</td></tr><tr><td>Nasdaq 100</td><td>18,025.43</td><td>+594.75</td><td>3.4%</td></tr><tr><td>Dow Jones</td><td>39,121.15</td><td>+1,155.55</td><td>3.0%</td></tr><tr><td>S&amp;P 500</td><td>5,213.82</td><td>+151.57</td><td>3.0%</td></tr><tr><td>Russell 2000</td><td>1,858.95</td><td>+48.84</td><td>2.7%</td></tr></tbody></table><figcaption class="wp-element-caption">Updated at 9:45 a.m. ET</figcaption></figure>



After suffering steep losses in recent sessions, investors poured back into financials, tech, and consumer discretionary, which were the top-performing sectors on Tuesday. 



Semiconductors were the standout industry group, with the iShares Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOXX#NASDAQ">SOXX</a>) rallying 4.5%.



<figure class="wp-block-table is-style-stripes"><table style="overflow:auto; height: 90px; display: block;"><tbody><tr><td>S&amp;P Sector ETFs</td><td>%</td></tr><tr><td>Financial Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLF#NYSE">XLF</a>)</td><td>4.0%</td></tr><tr><td>Technology Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>)</td><td>3.8%</td></tr><tr><td>Consumer Discretionary&nbsp;Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLY#NYSE">XLY</a>)</td><td>3.0%</td></tr><tr><td>Communication Services Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLC#NYSE">XLC</a>)</td><td>2.9%</td></tr><tr><td>Health Care&nbsp;Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLV#NYSE">XLV</a>)</td><td>2.7%</td></tr><tr><td>Industrials&nbsp;Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLI#NYSE">XLI</a>)</td><td>2.7%</td></tr><tr><td>Energy&nbsp;Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>)</td><td>1.8%</td></tr><tr><td>Real Estate&nbsp;Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLRE#NYSE">XLRE</a>)</td><td>1.4%</td></tr><tr><td>Materials&nbsp;Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLB#NYSE">XLB</a>)</td><td>1.4%</td></tr><tr><td>Utilities Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLU#NYSE">XLU</a>)</td><td>1.3%</td></tr><tr><td>Consumer Staples&nbsp;Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLP#NYSE">XLP</a>)</td><td>1.2%</td></tr></tbody></table></figure>



<h3 class="wp-block-heading">Trump Sparks Optimism With Trade Talk Blitz</h3>



The catalyst behind the rally was a lengthy post on Truth Social by Trump, in which he described a "great call" with South Korea's acting president. 



The president said South Korea is sending a "top team" to the U.S. for negotiations, calling the process &#8220;one-stop shopping&#8221; for trade and military agreements.



In a <a href="https://edition.cnn.com/2025/04/08/asia/south-korea-acting-president-han-interview-intl-hnk/index.html">CNN</a> interview, South Korea&#8217;s acting president confirmed the country would not align with China and Japan to counter U.S. tariffs. 



Seoul faces 25% tariffs under Trump's global tariff rollout. Instead, it aims to strike a bilateral agreement with the U.S. to avoid a blow to its export-driven economy.



Trump also hinted at more openness in trade negotiations with China after threatening Monday to impose a 50% tariff on top of the 54% already levied.



&#8220;China also wants to make a deal, badly, but they don&#8217;t know how to get it started,&#8221; Trump wrote.



&#8220;We are waiting for their [China's] call. It will happen!&#8221; he added, suggesting renewed momentum on U.S.-China trade talks.



Senior White House economic adviser Kevin Hassett echoed the optimism, telling Fox News that the Trump administration is focusing on countries with "large trade deficits" with the U.S. He emphasized that "fair and reciprocal trade" remains the administration&#8217;s goal.



<h3 class="wp-block-heading">Mega-cap stocks (S&amp;P 100): Top 7 performers</h3>



Among S&amp;P 100 companies, CVS Health Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVS#NYSE">CVS</a>) led gains with a 9.26% surge, followed by Broadcom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) and UnitedHealth Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNH#NYSE">UNH</a>).



<figure class="wp-block-table"><table style="overflow:auto; height: 90px; display: block;"><thead><tr><th>Company</th><th>Last</th><th>% Change</th></tr></thead><tbody><tr><td>CVS Health Corp. </td><td>69.76</td><td>+9.26%</td></tr><tr><td>Broadcom Inc.</td><td>168.07</td><td>+9.04%</td></tr><tr><td>UnitedHealth Group Inc. </td><td>563.81</td><td>+7.45%</td></tr><tr><td>NVIDIA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>)</td><td>104.71</td><td>+7.24%</td></tr><tr><td>Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>)</td><td>545.01</td><td>+5.57%</td></tr><tr><td>Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)</td><td>246.28</td><td>+5.57%</td></tr><tr><td>JPMorgan Chase &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>)</td><td>226.30</td><td>+5.53%</td></tr></tbody></table></figure>



The biggest market-moving headline of the session was the explosive increase in market capitalization among the Magnificent Seven — Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>), Meta Platforms Inc., Tesla Inc., and NVIDIA Corp. — which collectively added over $564 billion in market value.



<figure class="wp-block-table"><table style="overflow:auto; height: 90px; display: block;"><tbody><tr><td>Company</td><td>Market Cap gain</td></tr><tr><td>NVIDIA</td><td>$165.82 B</td></tr><tr><td>Apple</td><td>$92.40 B</td></tr><tr><td>Microsoft</td><td>$85.39 B</td></tr><tr><td>Amazon</td><td>$70.02 B</td></tr><tr><td>Meta Platforms </td><td>$67.36 B</td></tr><tr><td>Alphabet (Google)</td><td>$48.48 B</td></tr><tr><td>Tesla</td><td>$35.19 B</td></tr></tbody><tfoot><tr><td>Total Market Cap Gain </td><td> $564.66 billion</td></tr></tfoot></table></figure>



<h3 class="wp-block-heading">Nasdaq 100: Standout Performers</h3>



AppLovin Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APP#NASDAQ">APP</a>) was the top gainer in the Nasdaq 100, soaring 10.62%, while Marvell Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>) and Broadcom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) followed with strong moves.



<figure class="wp-block-table is-style-stripes"><table style="overflow:auto; height: 90px; display: block;"><thead><tr><th>Company</th><th>Last</th><th>% Change</th></tr></thead><tbody><tr><td>AppLovin Corp. </td><td>256.89</td><td>+10.62%</td></tr><tr><td>Marvell Technology Inc. </td><td>55.76</td><td>+9.34%</td></tr><tr><td>Broadcom Inc. </td><td>168.19</td><td>+9.12%</td></tr><tr><td>Palantir Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>)</td><td>84.79</td><td>+8.93%</td></tr><tr><td>Arm Holdings plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>)</td><td>95.91</td><td>+8.21%</td></tr><tr><td>NVIDIA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>)</td><td>104.65</td><td>+7.18%</td></tr><tr><td>MercadoLibre Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MELI#NASDAQ">MELI</a>)</td><td>1,921.14</td><td>+7.04%</td></tr></tbody></table></figure>



Read now: 



<ul>
<li><a href="https://www.benzinga.com/news/global/25/04/44685614/treasury-secretary-bessent-says-china-holds-losing-hand-in-tariff-escalation">Treasury Secretary Bessent Says China Holds &#8216;Losing Hand&#8217; In Tariff Escalation</a></li>
</ul>



Image created using photos from Shutterstock.

AVGO

GOOGL

MELI

MRVL

PLTR

XLRE

Wall Street Soars As Trump Teases Trade Deals, Magnificent 7 Add Over $500 Billion In Market Value

U.S. stocks staged a broad-based rally on Monday, snapping a volatile losing streak after President Donald Trump hinted at a more diplomatic <a href="https://www.benzinga.com/topic/tariffs">approach to tariff negotiations.</a>



In a post on Truth Social, Trump said the U.S. is handling a "massive amount of requests for negotiations," referencing active talks with South Korea and hinting that China "wants to make a deal, badly."



He also mentioned a joint venture involving an Alaska pipeline and military cost-sharing, asserting that South Korea&#8217;s top negotiation team was en route to the U.S.



Meanwhile, Fed speakers begin to highlight the negative economic impact from tariffs. &#8220;We can&#8217;t really wait to the end of the quarter plus one month before we find out that investment really dropped off and GDP growth is shrinking,&#8221; Chicago Fed President Austan Goolsbee said.



By midday trading in New York, all major U.S. stock indices were firmly in the green. The S&amp;P 500 rose 1.4%, the Dow Jones Industrial Average gained 1.1%, and the tech-heavy Nasdaq Composite led with a 1.8% jump. Technology stocks were the day's clear outperformers, driven by a strong rebound in the semiconductor sector.



The iShares Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOXX#NASDAQ">SOXX</a>) surged 3.3%, marking its strongest intraday gain since September 2024. Broadcom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) led the charge with a 7.3% jump, followed by Marvell Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>) and Palantir Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>), which both climbed 6.1%.



In commodities, gold prices rose 0.5% to $2,335 per ounce, poised to snap a three-session losing streak. Oil prices also saw a firm recovery, with WTI crude advancing 1.5% to $61.50 per barrel, reversing recent weakness. U.S. Treasury yields remained largely flat. 



In contrast, cryptocurrency markets failed to participate in the rally. Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) fell another 1% to $78,000. 



<figure class="wp-block-table is-style-stripes"><table style="overflow:auto; height: 90px; display: block;"><tbody><tr><td>Major Indices</td><td>Price</td><td>1-day %chg</td></tr><tr><td>Nasdaq 100</td><td>17,781.63</td><td>2.0%</td></tr><tr><td>Dow Jones</td><td>38,718.65</td><td>2.0%</td></tr><tr><td>S&amp;P 500</td><td>5,144.86</td><td>1.6%</td></tr><tr><td>Russell 2000</td><td>1,821.21</td><td>0.6%</td></tr></tbody></table><figcaption class="wp-element-caption">Updated by 12:20 p.m. ET</figcaption></figure>



According to&nbsp;<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent&amp;t=be2bearmibe3na1">Benzinga Pro</a>&nbsp;data:



<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) rose 1.8% to $513.37.</li>



<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>) rallied 2% to $387.02.</li>



<li>The tech-heavy&nbsp;Invesco QQQ Trust Series&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>)&nbsp;rose 1.9% to $431.23.</li>



<li>The&nbsp;iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) inched 0.4% higher to 180.33.</li>



<li>The&nbsp;Financials&nbsp;Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLF#NYSE">XLF</a>) outperformed, up 2.5%; the&nbsp;Materials&nbsp;Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLB#NYSE">XLB</a>) lagged, down 0.1%.</li>
</ul>



<h1 class="wp-block-heading">S&amp;P 500&#8217;s Top 5 Performers</h1>



<figure class="wp-block-table is-style-stripes"><table style="overflow:auto; height: 90px; display: block;"><tbody><tr><td>Name</td><td>Chg %</td></tr><tr><td>Humana Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HUM#NYSE">HUM</a>)</td><td>9.93%</td></tr><tr><td>Sandisk Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNDK#NASDAQ">SNDK</a>)</td><td>8.15%</td></tr><tr><td>CVS Health Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVS#NYSE">CVS</a>)</td><td>6.48%</td></tr><tr><td>UnitedHealth Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNH#NYSE">UNH</a>) </td><td>5.98%</td></tr><tr><td>Western Digital Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDC#NASDAQ">WDC</a>)</td><td>5.77%</td></tr></tbody></table></figure>



<h1 class="wp-block-heading">S&amp;P 500&#8217;s Worst 5 Losers</h1>



<figure class="wp-block-table is-style-stripes"><table style="overflow:auto; height: 90px; display: block;"><tbody><tr><td>Name</td><td>Chg %</td></tr><tr><td>Albemarle Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALB#NYSE">ALB</a>)</td><td>-8.18%</td></tr><tr><td>lululemon athletica (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LULU#NASDAQ">LULU</a>)</td><td>-4.53%</td></tr><tr><td>Enphase Energy, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NASDAQ">ENPH</a>)</td><td>-4.39%</td></tr><tr><td>Celanese Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CE#NYSE">CE</a>)</td><td>-3.97%</td></tr><tr><td>Ralph Lauren Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RL#NYSE">RL</a>)</td><td>-3.50%</td></tr></tbody></table></figure>



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Photo: Shutterstock

$BTC

ENPH

LULU

SNDK

Stocks Rebound, Chipmakers Soar On Trade Deal Hopes, Bitcoin Lags: What's Driving Markets Tuesday?

On Monday, the U.S. Centers for Medicare &amp; Medicaid Services (CMS) released its 2026 payment update for Medicare Advantage (MA) and Medicare Part D <a target="_blank" href="https://www.benzinga.com/topic/weight-loss" rel="noreferrer noopener">prescription drug plans</a>.



This update, along with a final rule issued on <a target="_blank" href="https://www.cms.gov/newsroom/fact-sheets/contract-year-2026-policy-and-technical-changes-medicare-advantage-program-medicare-prescription-final" rel="noreferrer noopener">April 4</a>, Friday, includes routine annual changes and technical adjustments to both programs.



Under Friday&#8217;s <a target="_blank" href="https://public-inspection.federalregister.gov/2025-06008.pdf" rel="noreferrer noopener">ruling</a>, President Donald Trump&nbsp;scrapped the Biden administration&#8217;s move for Medicare coverage for anti-obesity treatments, negating the potential coverage for blockbuster GLP-1 drugs like Novo Nordisk A/S&#8217; (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NVO#NYSE">NVO</a>) Wegovy (semaglutide) and Eli Lilly And Co&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LLY#NYSE">LLY</a>) Zepbound (tirzepatide).



Also Read: <a target="_blank" href="https://www.benzinga.com/25/01/42896803/medicare-to-cover-eli-lillys-weight-loss-drug-zepbound-for-obstructive-sleep-apnea-treatment" rel="noreferrer noopener">Medicare To Cover Eli Lilly&#8217;s Weight Loss Drug Zepbound For Obstructive Sleep Apnea Treatment</a>



In November 2024, the Biden-Harris Administration proposed expanding Medicare and Medicaid coverage for anti-obesity medications, aiming to address the high costs that <a target="_blank" href="https://www.benzinga.com/general/biotech/24/11/42192091/biden-proposes-medicare-medicaid-access-for-popular-weight-loss-drugs" rel="noreferrer noopener">have drawn criticism</a>.



In its&nbsp;<a target="_blank" href="https://www.cms.gov/newsroom/fact-sheets/contract-year-2026-policy-and-technical-changes-medicare-advantage-program-medicare-prescription-final" rel="noreferrer noopener">fact sheet</a>, the CMS said it &#8220;is not finalizing certain provisions at this time,&#8221; including Part D coverage of anti-obesity medications. &#8220;CMS may address these proposals in future rulemaking, as appropriate,&#8221; according to the fact sheet.



The Biden administration estimated the change could have extended coverage to an additional 3.4 million adults. According to the National Institutes of Health (NIH), approximately 42% of U.S. adults are classified as obese.



As per a media report in March 2024, Medicare may extend coverage for&nbsp;Novo Nordisk&#8217;s weight-loss drug Wegovy (semaglutide) to certain members with a&nbsp;<a target="_blank" href="https://www.benzinga.com/general/biotech/24/03/37876911/wegovys-success-medicare-contemplates-covering-novo-nordisks-semaglutide-for-heart-health" rel="noreferrer noopener">history of heart disease</a>.&nbsp;



The CMS revealed that Medicare Part D drug-benefit plans, overseen by private insurers, could potentially cover anti-obesity medications under specific circumstances.&nbsp;



In October 2024, the Congressional Budget Office released a <a target="_blank" href="https://www.cbo.gov/system/files/2024-10/60441-medicare-coverage-obesity.pdf" rel="noreferrer noopener">report</a> warning that authorizing anti-obesity treatments for Medicare coverage could increase federal spending by around $35 billion from 2026 to 2034.



The report added that direct federal costs of covering weight loss drugs would increase from $1.6 billion in 2026 to $7.1 billion in 2034.



Relative to the direct costs of the medications, total savings from beneficiaries&#8221; improved health would be small—less than $50 million in 2026 and rising to $1.0 billion in 2034.



In January this year, the U.S. Department of Health and Human Services (HHS) unveiled the selection of 15 additional drugs covered under Medicare Part D for price negotiations, building on efforts to reduce&nbsp;<a target="_blank" href="https://www.benzinga.com/25/01/43062779/popular-ozempic-wegovy-selected-for-next-round-of-medicare-drug-price-negotiations" rel="noreferrer noopener">prescription drug costs</a>. The list included Novo Nordisk&#8217;s Ozempic, Rybelsus, and Wegovy.



Price Action: At the last check Tuesday, LLY stock was up 3.18% to $746.78, and NVO stock is down 0.41% to $63.38.



Read Next:



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<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/04/44674813/if-tariffs-shift-customer-spending-priorities-these-software-stocks-could-face-slow-growth" target="_blank" rel="noreferrer noopener">If Tariffs Shift Customer Spending Priorities, These Software Stocks Could Face Slow Growth</a></li>
</ul>



Photo by KK Stock via Shutterstock

Biotech

Health Care

Trump Administration Reverses Biden's Plan For Medicare Coverage Of Obesity Drugs Like Ozempic And Zepbound

Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) has become the ultimate AI bellwether—but that status is <a href="https://www.benzinga.com/topic/artificial-intelligence">coming under pressure</a>. 



After a blistering multi-year run, shares are now down nearly 29% year to date and 8.7% over the past month. Mounting concerns around capital expenditures, valuation, and geopolitical risks create uncertainty for <a href="https://www.benzinga.com/quote/nvda/news">Nvidia stock investors</a>.



"Regarding Nvidia, it is certainly a bellwether within the semiconductor space and AI revolution," said a Direxion&#8217;s Managing Director Ed Egilinsky said in an exclusive interview with Benzinga.



"However, with the Deepseek news last month, and the negative impact it can have on overall capex spending, has led many to be concerned whether its current growth rate is sustainable."



Read Also: <a href="https://www.benzinga.com/25/04/44671636/nvidia-applied-materials-provide-115m-fund-to-digital-engineering-startup-rescale">Nvidia, Applied Materials Back Digital Engineering Startup In $115M Round</a>



<h2 class="wp-block-heading">Nvidia Stock Technicals Turns Bearish</h2>



<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0408"><img loading="lazy" decoding="async" width="629" height="491" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/08072329/Screenshot-2025-04-08-at-4.53.16-PM.png" alt="" class="wp-image-861700" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/08072329/Screenshot-2025-04-08-at-4.53.16-PM.png 629w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/08072329/Screenshot-2025-04-08-at-4.53.16-PM-300x234.png 300w" sizes="(max-width: 629px) 100vw, 629px" /></a></figure>



<a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0408" target="_blank" rel="noreferrer noopener">Chart created using Benzinga Pro</a>



That sustainability question is colliding with bearish technicals. Nvidia stock is now trading below all key short-term and long-term simple moving averages (SMAs) — an unambiguous &#8216;Bearish&#8217; signal from a technical standpoint:



<ul>
<li>Eight-day SMA: $104.15</li>



<li>20-day SMA: $112.11</li>



<li>50-day SMA: $120.05</li>



<li>200-day SMA: $126.73</li>



<li>Nvidia stock price: $100.85</li>
</ul>



The MACD (moving average convergence/divergence) indicator is a negative 5.90 and the RSI (relative strength index) has dropped to 37.48, indicating that bearish momentum is building, though some traders may soon start eyeing a rebound play on oversold conditions.



"In addition, the increasing competitive landscape combined with the overhang of possible further tariff and regulatory restrictions on U.S. chipmakers also could weigh on the stock," Ed added.



<h2 class="wp-block-heading">From Market Darling To Valuation Puzzle</h2>



While bulls still argue Nvidia's long-term dominance in AI makes any dip a buying opportunity, traders are split. For those trying to ride either direction of this volatility, Direxion offers tools for both camps.



"For playing either side of the NVDA trade, one can look to either our Direxion Daily NVDA Bull 2X Shares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDU#NASDAQ">NVDU</a>) or the Direxion Daily NVDA Bear 1X Shares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDD#NASDAQ">NVDD</a>)."



Whether this is a pause before the next leg higher or a sign of deeper correction, Nvidia's once one-way momentum trade now faces real complications.



Read Next: 



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<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/04/44680723/despite-tariff-turmoil-bitcoin-outperforms-magnificent-7-stocks-in-2025-records-smaller-losses-than-nvidia-tesla-apple">Despite Tariff Turmoil, Bitcoin Outperforms &#8216;Magnificent 7&#8217; Stocks In 2025 — Records Smaller Losses Than Nvidia, Tesla, Apple</a></li>
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Image: Shutterstock

Long Ideas

Technicals

Exclusives

Interview

NVDD

NVDU

EXCLUSIVE: Nvidia May Be The Face Of AI But The Valuation Story Is Getting Complicated, Says Expert

CVS Health Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVS#NYSE">CVS</a>) on Tuesday named Brian Newman as executive vice president and chief financial officer designate, effective&nbsp;April 21.



He will succeed current chief financial officer Tom&nbsp;Cowhey, who will transition as a strategic advisor to president and chief executive officer&nbsp;David Joyner, <a target="_blank" href="https://www.benzinga.com/pressreleases/25/04/n44680644/cvs-health-announces-chief-financial-officer-transition-plan-appoints-chief-medical-officer" rel="noreferrer noopener">effective&nbsp;May 12</a>.



Newman was most recently executive vice president and chief financial officer of United Parcel Service Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UPS#NYSE">UPS</a>).



Also Read: <a target="_blank" href="https://www.benzinga.com/general/health-care/25/04/44627279/ftc-pauses-lawsuit-against-cvs-cigna-unitedhealths-pbms-amid-commissioner-shortage" rel="noreferrer noopener">FTC Pauses Lawsuit Against CVS, Cigna, UnitedHealth's PBMs Amid Commissioner Shortage</a>



Before joining UPS, Newman spent 26 years with PepsiCo, where he held finance leadership roles across&nbsp;Europe,&nbsp;Asia, and North and&nbsp;South America. He also served as executive vice president for PepsiCo's global operations and chief strategy officer. Newman began his career as an investment banker at PaineWebber.



Amy Compton-Phillips, the company's new executive vice president and chief medical officer, effective&nbsp;May 19, will also report to David&nbsp;Joyner.



Dr. Compton-Phillips was most recently chief physician executive of Press Ganey, a health care performance improvement company.



Prior to Press Ganey, Dr. Compton-Phillips was the president and chief clinical officer at Providence Health &amp; Services, a health care system, responsible for clinical operations and care including improving health, care, and value outcomes delivered by the system's hospitals, clinics, and caregivers. From 1985 to 2007, she held positions of increasing responsibility at Kaiser Permanente.



In February, CVS Health reported fourth-quarter sales of $97.71 billion, beating the&nbsp;<a target="_blank" href="https://www.benzinga.com/general/health-care/25/02/43709040/cvs-health-gains-momentum-after-q4-performance-analyst-upgrades-stock" rel="noreferrer noopener">consensus of $97.19 billion</a>.



Total revenues increased 4.2%, driven by growth in the Health Care Benefits and Pharmacy &amp; Consumer Wellness segments, partially offset by a decline in the&nbsp;Health Services segment.



The Medical benefit ratio increased from 88.5% to 94.8% compared to the prior year, driven by increased utilization, the unfavorable impact of the previously disclosed decline in the company's Medicare Advantage star ratings for the 2024 payment year, and the impact of higher acuity in Medicaid.



In October 2024, CVS Health&nbsp;appointed longtime executive&nbsp;David Joyner as its new president and CEO, replacing&nbsp;Karen Lynch amid the company's&nbsp;<a target="_blank" href="https://www.benzinga.com/news/earnings/24/10/41399396/pharmacy-retailer-cvs-health-backs-away-from-annual-forecast-names-new-ceo" rel="noreferrer noopener">ongoing financial struggles</a>.



In November 2024, CVS&nbsp;Health appointed Prem&nbsp;Shah as the Group President, responsible for the operational performance across CVS Caremark, CVS Pharmacy, and the company's&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/11/n41769048/cvs-health-announces-leadership-appointments" rel="noreferrer noopener">Healthcare Delivery businesses</a>.



In addition, the company appointed Steve Nelson&nbsp;as President of Aetna.



Price Action: At the last check on Tuesday, CVS stock was up 9.52% at $69.93 during the premarket session.



Read Next:



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<li><a href="https://www.benzinga.com/markets/forex/25/04/44680574/global-markets-rebound-in-relief-rally-gold-back-to-3000" target="_blank" rel="noreferrer noopener">Global Markets Rebound In Relief Rally, Gold Back To $3,000</a></li>
</ul>



Photo via Shutterstock

Management

Movers

CVS Health Appoints Former UPS And Pepsi Exec As Finance Chief, Stock Soars

Marvell Technology Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>) is making a clean break from its automotive ambitions, and JPMorgan's Harlan Sur thinks that's exactly the kind of focus <a href="https://www.benzinga.com/quote/MRVL/news">investors should be betting on</a>.



Following the company's $2.5 billion sale of its Automotive Ethernet business to Infineon Technologies AG, Sur reiterated an Overweight rating and placed a $130 price target by December 2025, implying a 155% upside from Friday's close at $51.



<h2 class="wp-block-heading">AI Gets The Green Light</h2>



While growing fast, the automotive Ethernet business isn't expected to account for more than 2-3% of Marvell's revenue mix in 2026.



Meanwhile, the company's AI and data center portfolio is growing at a 30-40% annual clip, notes Sur. In short, this isn't about dumping a promising segment &#8211; it's about clearing the runway for a higher-growth flight path.



Read Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/04/44625829/jpmorgan-says-broadcom-marvell-could-dominate-ais-next-frontier-heres-why">JPMorgan Says Broadcom, Marvell Could Dominate AI&#8217;s Next Frontier — Here&#8217;s Why</a>



<h2 class="wp-block-heading">High Valuation, Low Drag</h2>



The deal was struck at a 10.5x sales multiple, a healthy premium for a business expected to bring in $225 to $250 million in FY26 with 60% gross margins. 



Sur says the transaction could be slightly accretive to earnings &#8211; boosting Marvell's EPS by 5 to 10 cents per share—especially if the cash is channeled into stock buybacks.



<h2 class="wp-block-heading">Clean Break, Clear Strategy</h2>



Marvell's exit from the auto space follows its October quarter restructuring, where it began shifting investments away from enterprise networking, carrier infrastructure and automotive.



The company is now focused on AI and accelerated computing &#8211; a theme Sur sees as key to unlocking long-term value.



Marvell may have built the auto business from scratch over eight years, but with a $2.5 billion payday and a 155% potential upside, the real race is in AI, and Marvell just hit the gas.



Read Next: 



<ul>
<li><a href="https://www.benzinga.com/25/04/44653936/broadcom-and-marvell-poised-for-growth-as-nvidias-cpo-push-faces-delays-analyst-reveals">Rising Tide Of AI Is So Strong That Semiconductor Optical Industry Projects $30 Billion Total Addressable Market By 2029</a></li>
</ul>



Photo: Shutterstock

Asset Sales

Marvell Plays AI Hardball: Divestiture Sparks 155% Upside, Says Analyst

U.S. stock futures rose on Tuesday following a volatile day of trading on Monday that led the indices to close on a mixed note. Futures of major benchmark indices were higher in premarket.



The sell-off that began on Thursday has driven the Nasdaq into bear market territory, whereas the S&amp;P 500 and Dow Jones continue to be in the correction zone.



As China&#8217;s Commerce Ministry said that it "<a href="https://www.benzinga.com/markets/25/04/44677506/china-resolutely-opposes-trumps-50-tariff-threat-vows-countermeasures-as-trade-tensions-jolt-markets?_gl=1kzrvdi_gcl_auNzQyMjgxNjUuMTczNzYwNzI4NQ.._gaZGVsZXRlZA.._ga_V7ZK73W7N0&#x2A;MTc0NDEwMDY0OS4yNDkuMC4xNzQ0MTAwNjQ5LjAuMC4w">resolutely opposes</a>" U.S. President Donald Trump‘s threat to impose additional 50% duties on Chinese imports, the ministry vowed to take countermeasures to protect its interests, intensifying trade tensions that have already triggered market turmoil.



Major indices were significantly down from recent highs as of Tuesday. The S&amp;P 500 was 17.65% lower, the Nasdaq 100 was down 21.56%, and the Dow Jones declined 15.77%, following a week of tariff-driven selloffs.



The 10-year Treasury bond yielded 4.17% and the two-year bond was at 3.77%. However, the CME Group's FedWatch <a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">tool</a>&#8216;s projections showed markets pricing a 71.4% likelihood of the Federal Reserve keeping the current interest rates unchanged in its May meeting. 



<figure class="wp-block-table is-style-stripes"><table style="overflow:auto; height: 90px; display: block;"><tbody><tr><td>Futures</td><td>Change (+/-)</td></tr><tr><td>Dow Jones</td><td>2.03%</td></tr><tr><td>S&amp;P 500</td><td>1.67%</td></tr><tr><td>Nasdaq 100</td><td>1.42%</td></tr><tr><td>Russell 2000</td><td>2.06%</td></tr></tbody></table></figure>



The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, advanced in premarket on Tuesday. The SPY was up 1.13% to $510.07, while the QQQ declined 1.09% to $428.30, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.



Cues From Last Session:



Real estate, materials, and utilities sectors led Monday&#8217;s S&amp;P 500 decline, pulling the U.S. stocks to a mixed close, with the Dow Jones falling for its third consecutive session.



Conversely, communication services and information technology stocks bucked the trend, closing higher.



Within tech, Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) shares fell roughly 2.6%, while Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) lost 3.7%. Market volatility stemmed from Trump&#8217;s Truth Social post, threatening 50% U.S. tariffs on China following China&#8217;s 34% retaliatory tariffs.



The Manheim Used Vehicle Value Index reported a 0.7% month-over-month drop in March, consistent with February&#8217;s decline.



The Dow Jones index slumped 349 points or 0.91% to 37,965.60, whereas the S&amp;P 500 index fell 0.23% to 5,062.25. Nasdaq Composite bucked the trend to end 0.099% higher at 15,603.26, and the small-cap gauge, Russell 2000, tumbled 0.92% to 1,810.14.



<figure class="wp-block-table is-style-stripes"><table style="overflow:auto; height: 90px; display: block;"><tbody><tr><td>Index</td><td>Performance (+/-)</td><td>Value</td></tr><tr><td>Nasdaq Composite</td><td> 0.099%</td><td>15,603.26</td></tr><tr><td>S&amp;P 500</td><td>-0.23%</td><td>5,062.25</td></tr><tr><td>Dow Jones</td><td>-0.91%</td><td>37,965.60</td></tr><tr><td>Russell 2000</td><td>-0.92%</td><td>1,810.14</td></tr></tbody></table></figure>



Insights From Analysts:



Lawrence McDonald, founder of Bear Traps Report, calculates that<a href="https://www.benzinga.com/markets/bonds/25/04/44679299/trump-tariffs-triggers-historic-equity-wipeout-outpacing-covid-lehman-crashes-with-no-bond-rally-to-cushion-the-blow-says-lawrence-mcdonald"> Trump&#8217;s tariff-driven selloff</a> has obliterated $9 trillion in just six weeks, matching the COVID crash&#8217;s one-month losses and exceeding the 2008 Lehman collapse&#8217;s 12-month decline.



Only the 2022 inflation downturn saw greater losses, at $10 trillion over 11 months. Notably, unlike previous crises where bond yields plummeted, current 30-year yields remain high, near 4.5%, eliminating a traditional bond-market safety net. Reuters reports the global impact of these tariffs at a $10 trillion market wipeout.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">What do Bonds Know? &#x2A;Last 20 years, large equity market risk-off events have &#8212; always &#8212; brought in &quot;flight to quality&quot; buyers of long duration U.S. Treasuries. Not this time. &#x2A;&#x2A;Book Ideas &#8211; &quot;How to Listen When Markets Speak&quot; on Amazon. <a href="https://t.co/naR2vpsuLr">pic.twitter.com/naR2vpsuLr</a>&mdash; Lawrence McDonald (@Convertbond) <a href="https://twitter.com/Convertbond/status/1909236400127455548?ref_src=twsrc%5Etfw">April 7, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



The VIX sustained levels above 45 for two consecutive days, closing at 45.31 on Monday and 46.98 on Tuesday. As former Luby Asset Management CIO Bill Luby noted, this marks the first such occurrence since the 2008-09 Great Financial Crisis and the 2020 COVID-19 pandemic.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Consecutive 45+ <a href="https://twitter.com/search?q=%24VIX&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$VIX</a> closes are extremely rare. So rare that only two previous crises have included at least two 45+ closes in a row: the Great Financial Crisis of 2008-09 and the Pandemic of 2020.&mdash; Bill Luby (@VIXandMore) <a href="https://twitter.com/VIXandMore/status/1909346105835634993?ref_src=twsrc%5Etfw">April 7, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



A dramatic 118% surge in the VIX over three days marks its fifth-largest such spike. Creative Planning&#8217;s Charlie Bilello&#8216;s data shows that the two larger three-day VIX spikes of 176% in 2018 and 167% in 2015, preceded strong S&amp;P 500 returns over the following one to five years, leading Bilello to conclude that &#8220;high volatility/fear = opportunity&#8221;.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The <a href="https://twitter.com/search?q=%24VIX&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$VIX</a> increased 118% over the last 3 trading days, the 5th biggest 3-day spike ever. What has happened in the past following the biggest <a href="https://twitter.com/search?q=%24VIX&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$VIX</a> spikes? Stocks have tended to bounce back with above-average returns over the next 1-5 years. High volatility/fear = opportunity. <a href="https://t.co/3X373zS1K8">pic.twitter.com/3X373zS1K8</a>&mdash; Charlie Bilello (@charliebilello) <a href="https://twitter.com/charliebilello/status/1909370006569206218?ref_src=twsrc%5Etfw">April 7, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Meanwhile, Bravos Research indicates a &#8220;risk-off&#8221; sentiment in the U.S. stock market, triggered by a gold-to-silver ratio breakout, currently at 99.59. This closely watched metric suggests investors are shifting from volatile silver to safe-haven gold, a pattern seen before the 2022, 2020, and 2008 market downturns.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">15/ This is what the gold-to-silver ratio looks like since 2020 It just broke out above a major basing pattern that had been forming since 2022 This is a risk-off signal, showing traders are moving away from the more volatile silver and into gold <a href="https://t.co/YlcE5Q0oVm">pic.twitter.com/YlcE5Q0oVm</a>&mdash; Bravos Research (@bravosresearch) <a href="https://twitter.com/bravosresearch/status/1909253763153436992?ref_src=twsrc%5Etfw">April 7, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



See Also: <a href="https://www.benzinga.com/money/how-to-trade-futures">How to Trade Futures </a>



Upcoming Economic Data



Here&#8217;s what investors will keep an eye on Tuesday:



<ul>
<li>The NFIB optimism index for March will be out by 6:00 a.m., and San Francisco Fed President Mary Daly will speak at 8:00 a.m. ET.</li>
</ul>



Stocks In Focus:



<ul>
<li>Walgreens Boots Alliance Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBA#NASDAQ">WBA</a>) was up 1.31% in premarket on Tuesday before the opening bell. Analysts expect a quarterly earnings of 53 cents per share on revenue of $38 billion.</li>
</ul>



<ul>
<li>RPM International Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RPM#NYSE">RPM</a>) was down 0.19% as Wall Street expects it to report earnings of 49 cents per share on revenue of $1.51 billion before the opening bell.</li>
</ul>



<ul>
<li>Cal-Maine Foods Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CALM#NASDAQ">CALM</a>) rose 0.59% ahead of its earnings call after the closing bell. Analysts expect a quarterly earnings of $10.90 per share on revenue of $1.43 billion.</li>
</ul>



<ul>
<li>Greenbrier Companies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GBX#NYSE">GBX</a>) dropped 4.72% after posting downbeat results for its second quarter. The company reported quarterly sales of $762.1 million, which missed the analyst consensus estimate of $898.530 million.</li>
</ul>



<ul>
<li>Levi Strauss &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEVI#NYSE">LEVI</a>) surged 10.37% after reporting better-than-expected earnings for its first quarter on Monday. Levi also said its 2025 guidance remains unchanged, other than to reflect its Dockers business as a discontinued operation, and does not reflect any impact from the recently announced tariffs.</li>
</ul>



<ul>
<li>Marvell Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>) advanced 3.14% after it announced the sale of its automotive Ethernet business to Infineon for $2.5 billion in cash.</li>
</ul>



<ul>
<li>Viasat Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VSAT#NASDAQ">VSAT</a>) was 1.32% higher after announcing the launch of Amara, its next-generation In-flight Connectivity (IFC) solution for commercial aviation.</li>
</ul>



<ul>
<li>P10 Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PX#NYSE">PX</a>) moved 0.70% higher after acquiring Madrid-based Qualitas Equity Funds for $63 million. Qualitas manages roughly $1 billion in fee-paying assets for over 1,300 partners.</li>
</ul>



<ul>
<li>Heavyweights, Nvidia Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) rose 2.41%, Apple Inc. advanced 1.34%, Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) gained 0.79%, Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) was 2.04% higher, and Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) climbed 1.89%.</li>
</ul>



Commodities, Gold, And Global Equity Markets:



Crude oil futures were trading higher in the early New York session by 0.05% to hover around $60.73 per barrel.



Gold Spot US Dollar advanced 0.82% to hover around $3,007.02 per ounce. Its fresh record high stood at $3,168.04 per ounce. The U.S. Dollar Index spot was lower by 0.14% at the 103.111 level.



Asian markets rose on Tuesday. India's S&amp;P BSE Sensex, Japan's Nikkei 225, Australia's ASX 200, China&#8217;s CSI 300, Hong Kong's Hang Seng, and South Korea's Kospi index advanced. European markets were also higher in early trade.



Read Next:



<ul>
<li><a href="https://www.benzinga.com/25/04/44679385/market-enters-risk-off-mode-as-analyst-predicts-this-signal-flashing-warnings-similar-to-2020-and-2008-crisis">Market Enters &#8216;Risk-Off&#8217; Mode As Analyst Predicts This Signal Flashing Warnings Similar To 2020, 2008 Crisis</a></li>
</ul>



Image via Shutterstock

Earnings

Market Summary

Guidance

Futures

Treasuries

Pre-Market Outlook

Markets

CALM

LEVI

VSAT

Wall Street Eyes Recovery As S&P 500, Nasdaq Futures Rise After Trump's Tariff-Driven Selloff Wipes Out $9 Trillion In Six Weeks

Bear markets, defined as a drop of 19.9% or greater from their previous high, tend to be significantly more severe and prolonged when they occur in conjunction with a recession, according to an investment strategist.



What Happened: According to analysis shared by Liz Ann Sonders, Chief Investment Strategist at Charles Schwab, &#8220;Bear markets tend to be larger and longer when they're associated with recessions.&#8221;



In a recent post on X, Sonders shared a compelling scatter plot showcasing this relationship using S&amp;P 500 bear market data spanning from 1946 to April 4, 2025. The chart shows bear markets that coincided with recessions and the bear markets that did not.



Bear markets occurring without a recession have historically been shallower and shorter in duration. These instances have a mean drawdown of 30%, spanning between 200 to 250 days. This magnitude and duration are shorter compared to their recession-linked counterparts.



The red circles on the chart, representing bear markets intertwined with economic recessions, are generally clustered towards the bottom-right quadrant. The mean drawdown for such instances shows more than 30% of correction, spanning nearly 400 days.



Notable historical examples like the 2000-2002 tech bubble burst and the 2007-2009 Global Financial Crisis, both accompanied by recessions, saw substantial drawdowns and extended periods of recovery. The longest instance of such a market accompanied by recession was in 1973, which lasted for about 650 days, pulling the index down nearly 50%.



The chart reinforces Sonders&#8217; core message: the presence of a recession acts as a significant amplifier of bear market pain and its longevity.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Bear markets tend to be larger and longer when they're associated with recessions ⁦<a href="https://twitter.com/nberpubs?ref_src=twsrc%5Etfw">@nberpubs</a>⁩ <a href="https://t.co/ghzFLTwV9W">pic.twitter.com/ghzFLTwV9W</a>&mdash; Liz Ann Sonders (@LizAnnSonders) <a href="https://twitter.com/LizAnnSonders/status/1909526087052165433?ref_src=twsrc%5Etfw">April 8, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



See Also: <a href="https://www.benzinga.com/25/04/44679385/market-enters-risk-off-mode-as-analyst-predicts-this-signal-flashing-warnings-similar-to-2020-and-2008-crisis">Market Enters &#8216;Risk-Off&#8217; Mode As Analyst Predicts This Signal Flashing Warnings Similar To 2020, 2008 Crisis</a>



Why It Matters: While past performance is no guarantee of future results, this historical analysis provides valuable context for investors navigating the current economic landscape.



Understanding the historical relationship between bear markets and recessions can help investors better assess potential risks and adjust their investment strategies accordingly. Following President Donald Trump&#8216;s tariff announcements last Wednesday, markets saw two straight days of losses on Thursday and Friday before closing mixed on Monday, intensifying the recent selloff.



As of Monday, only the Nasdaq 100 index was in the bear market territory, down by 21.56% from its previous high of 22,222.61 points. The S&amp;P 500 was nearing the bear market zone as it was 17.65% below its previous record high of 6,147.43 points. The Dow Jones, on the other hand, was down by 15.77% from its 52-week high of 45,073.63 points.



Goldman Sachs has further <a href="https://www.benzinga.com/25/04/44662991/goldman-sachs-raises-risk-of-recession-to-45-jefferies-calls-tariffs-a-free-hall-pass-for-tech-giants-to-reset-their-goals">increased its U.S. recession</a> forecast to 45% (from 35% on Sunday), citing tighter financial conditions and policy uncertainty, echoing <a href="https://www.benzinga.com/economics/macro-economic-events/25/04/44645681/jpmorgan-raises-recession-risk-to-60-as-largest-us-tax-hike-in-60-years-hits-global-economy?_gl=1&#x2A;1mnei8t&#x2A;_gcl_au&#x2A;NzQyMjgxNjUuMTczNzYwNzI4NQ..&#x2A;_ga&#x2A;ZGVsZXRlZA..&#x2A;_ga_V7ZK73W7N0&#x2A;MTc0NDAyMzE1Ny4yNDYuMS4xNzQ0MDIzMjMyLjAuMC4w">JPMorgan&#8217;s 60% global recession</a> odds from last week. However, Jefferies analysts propose that these very headwinds, including Trump&#8217;s tariffs, might give tech companies leeway to adjust their financial guidance.



Price Action: The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, advanced in premarket on Tuesday. The SPY was up 2.53% to $517.15, while the QQQ advanced 2.49% to $434.23 according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.



Read Next:



<ul>
<li><a href="https://www.benzinga.com/25/04/44678610/volatility-gauge-vix-spikes-118-in-3-days-tops-45-for-2nd-day-first-time-since-gfc-and-pandemic" target="_blank" rel="noreferrer noopener">Volatility Gauge VIX More Than Doubles In 3 Days: Crosses The 45 Mark For 2nd Day, 1st Time Since 2008 Financial Crisis</a></li>
</ul>



Photo: Shutterstock

Bear Markets Hit Harder And Last Longer During Recessions, Says Market Strategist: Here's A Historical Look At Bear Market Severity And Duration

U.S. consumers are reportedly rushing to Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) stores to purchase new iPhones ahead of potential price hikes caused by President Donald Trump's newly announced tariffs on Chinese imports.



What Happened: Following last week&#8217;s announcement of higher tariffs on Chinese goods, including a 25% levy on electronics, Apple customers have begun upgrading their iPhones in anticipation of a price increase, <a href="https://www.wsj.com/tech/apple-users-rush-to-upgrade-iphones-ahead-of-potential-tariffs-related-price-hikes-7640aa24?mod=tech_lead_pos2">reported</a> The Wall Street Journal.



 Joel Burke, a policy professional in Washington, D.C., is among the many who acted quickly. &#8220;You gotta take care of your own personal needs and there's no question in my mind that the prices are going to go up,&#8221; Burke said.



See Also:&nbsp;<a href="https://www.benzinga.com/media/25/03/44508019/tesla-and-other-us-robotics-giants-demand-federal-strategy-to-compete-with-chinas-138-billion-push-warn-america-will-lose-the-race-without-it" target="_blank" rel="noreferrer noopener">Tesla And Other US Robotics Giants Demand Federal Strategy To Compete With China's $138 Billion Push — Warn America Will Lose The Race Without It</a>



Over the weekend, Apple stores in San Francisco also confirmed that customers mentioned tariffs as a reason for their purchases, the report noted, citing sales associates.



Ryan Reith, a senior research analyst for IDC, noted that Apple, like other hardware companies, typically keeps only four to eight weeks of inventory in stock, and with demand surging, the company may not have enough units to last until the expected <a href="https://www.benzinga.com/tech/25/03/44348175/apples-iphone-17-air-to-usher-in-new-era-of-slimmer-portless-models">new iPhone launch in September</a>.



Allison Post, a 69-year-old health writer, upgraded her six-year-old iPhone 8 after the tariff announcement. "The tariffs for sure pushed me out the door," she said, noting that she also convinced her husband to purchase a new MacBook. "Why pay what might turn out to be double?"



Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.



Why It Matters: According to TechInsights, the tariffs could raise the manufacturing cost of an iPhone by more than 45%, increasing the price from $580 to $850 per unit.



While it's unclear whether Apple will absorb these additional costs or pass them on to consumers, the possibility of price hikes has led many to act now.



Apple relies heavily on Chinese manufacturing for its iPhones, which account for approximately 50% of the company's revenue. iPhone sales for the <a href="https://in.benzinga.com/news/earnings/25/01/43355688/apple-q1-earnings-revenue-beat-eps-beat-iphone-sales-slip-installed-base-climbs-to-all-time-high-our-best-quarter-ever">first quarter totaled $69.14 billion</a>, a slight decrease from $69.7 billion during the same period last year.



Apple is also reportedly increasing its <a href="https://www.benzinga.com/25/04/44677880/apple-reportedly-plans-to-move-more-iphone-production-to-india-amid-trump-tariff-fearscould-this-solve-the-300-price-hike-on-550-hardware">iPhone production in India</a> to help cushion the financial blow from President Trump's rising tariffs on Chinese imports.



Price Action: Apple's stock has declined roughly 25.59% year-to-date, closing at $181.46 on Monday, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.



Benzinga Edge Stock Rankings gives Apple (AAPL) a growth score of 45.04%. Curious how it stacks up against other stocks? <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Click here for the full breakdown</a>.



Check out more of Benzinga&#8217;s Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.



Read Next:



<ul>
<li><a href="https://www.benzinga.com/markets/25/01/43373775/tim-cook-praises-chinas-deepseek-for-driving-efficiency-stresses-apples-prudent-and-deliberate-approach-toward-capital-expenditure" target="_blank" rel="noreferrer noopener">Tim Cook Praises China&#8217;s DeepSeek For Driving Efficiency, Stresses Apple&#8217;s ‘Prudent And Deliberate&#8217; Approach Toward Capital Expenditure</a></li>
</ul>



Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.



Image via Shutterstock

Media

Apple Customers Flock To Stores As Tariffs Threaten To Drive iPhone Prices Up By 45%: Report

On Monday, April 7th, U.S. markets closed mixed; U.S. stocks dropped Monday as fears of economic slowdown and rising inflation grew, sparked by President Trump&#8217;s stance on tariffs against China.



The S&amp;P 500 and Dow hit new lows before briefly rallying, only to fall again. Market volatility soared, and investors lost confidence in Trump&#8217;s trade strategy, leading to massive losses and uncertainty.



In economic data, the Manheim Used Vehicle Value Index slipped by 0.7% in March compared to the previous month, continuing the same rate of decline seen in February.



Most S&amp;P 500 sectors fell Monday, led by real estate, materials, and utilities, while communication services and tech stocks ended higher.



The Dow Jones Industrial Average declined 0.91% to 37,965.60, the S&amp;P 500 dropped 0.23% to 5,062.25, while the Nasdaq Composite gained 0.10% to close at 15,603.26.



Global markets rebounded Tuesday after heavy losses, with Asian, European, and U.S. stocks stabilizing amid hopes for trade talks. Despite some optimism, volatility remained high as tariff tensions persisted.



Asia Markets Today



<ul>
<li>On Tuesday, Japan&#8217;s Nikkei 225 closed the session higher by 6.01% at 33,008.50, rebounding sharply from recent lows as investors snapped up oversold stocks, encouraged by signs of a Wall Street recovery. Gains were led by tech, semiconductor, and banking shares, while futures trading was briefly paused due to a circuit breaker trigger.</li>



<li>Australia&#8217;s S&amp;P/ASX 200 was up 2.27% and closed at 7,510.00, led by gains in the IT, Gold and Energy sectors.</li>



<li>India&#8217;s Nifty 50 was up 1.63% to 22,523.80, and Nifty 500 gained 1.81% to 20,472.30.</li>



<li>China&#8217;s Shanghai Composite rose 1.58% to 3,145.55, and Shanghai Shenzhen CSI 300 increased 1.71% to 3,650.76.</li>



<li>Hong Kong&#8217;s Hang Seng Index gained 1.51% to 20,127.68.</li>



<li>China and Hong Kong stocks rebounded Tuesday after a sharp selloff, supported by stronger regional markets and Beijing&#8217;s market-stabilizing efforts. Beijing vowed to resist U.S. &#8220;blackmail&#8221; as tariff tensions escalated, while China&#8217;s sovereign fund pledged continued market support.</li>
</ul>



Eurozone at 05:45 AM ET



<ul>
<li>The European STOXX 50 was up 0.93%.</li>



<li>Germany&#8217;s DAX gained 1.20%.</li>



<li>France&#8217;s CAC 40 rose 1.00%.</li>



<li>U.K.&#8217;s FTSE 100 index traded higher by 1.66%.</li>
</ul>



Commodities at 05:45 AM ET



<ul>
<li>Crude Oil WTI was trading higher by 0.23% at $60.82/bbl, and Brent was up 0.22% at $64.36/bbl.</li>



<li>Natural Gas slid 0.38% to $3.643.</li>



<li>Gold was trading higher by 1.59% at $3,020.79, Silver was up 1.90% to $30.165, and Copper rose 2.41% to $4.2860.</li>
</ul>



U.S. Futures at 05:45 AM ET



Dow futures were up 2.09%, S&amp;P 500 futures gained 1.61%, and Nasdaq 100 futures rose 1.34%.



Forex at 05:45 AM ET



<ul>
<li>The U.S. Dollar Index declined 0.25% to 103.24, USD/JPY was up 0.19% to 147.18, and USD/AUD gained 0.08% to 1.6551.</li>



<li>The U.S. dollar fell Tuesday as hopes of tariff talks lifted global stocks and risk currencies. Safe havens like the yen rose, while China&#8217;s yuan hit a 2023 low amid trade tensions.</li>
</ul>



Photo via Shutterstock

Asia

Emerging Markets

Eurozone

Commodities

Forex

ADIV

AGOV

ASHR

BBEU

BOIL

CQQQ

EEMA

FLAX

IEMG

IEUR

KDIV

SPEM

USDU

Global Markets Rebound In Relief Rally, Gold Back To $3,000

Jim Cramer expressed skepticism about Monday&#8217;s market rebound, calling it &#8220;strange&#8221; following nine consecutive down days in futures trading.



What Happened: &#8220;We don&#8217;t want to see the futures up this much. So strange. We have come in down every night for 9 nights. Now the futures are up huge. Where are the sellers. Things aren&#8217;t &#8216;better&#8217; now unless we are at levels people, at last, like,&#8221; CNBC&#8217;s &#8216;Mad Money&#8221; host Cramer wrote on X on Monday.



Investors should note that despite Cramer&#8217;s weekend warnings of a potential &#8220;Black Monday&#8221; scenario reminiscent of the 1987 crash, U.S. markets managed to avoid a complete meltdown.



The Dow Jones Industrial Average dropped 349 points, or 0.91%, to close at 37,965 after falling more than 1,700 points earlier in the session. The S&amp;P 500 slipped 0.23% to finish at 5,062.25, recovering from a session low that saw a 4.7% decline. 



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">We don&#39;t want to se the futures up this much. So strange. We have come in down every night for 9 nights. Now the futures are up huge. Where are the sellers. Things aren&#39;t &quot;better&quot; now unless we are at levels people, at last, like.&mdash; Jim Cramer (@jimcramer) <a href="https://twitter.com/jimcramer/status/1909410023681204517?ref_src=twsrc%5Etfw">April 8, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Meanwhile, the Nasdaq Composite edged up 0.1% to 15,603 as investors scooped up shares of tech giants such as Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) and Palantir Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>).



Don&#8217;t Miss:



<ul>
<li>Deloitte's fastest-growing software company partners with Amazon, Walmart, and Target —<a href="https://benzingapartners.go2cloud.org/aff_c?offer_id=518&amp;aff_id=1&amp;tblci=GiDztrPhRgf66i_FsvfOfYo_Yn9p12IB6nL8nUpMGNC31yDvwVook6q8vfDMmLc4MO-ISg"> Many are rushing to grab 4,000 of its pre-IPO shares for $0.26/share</a>.</li>



<li>Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing —<a href="https://benzingapartners.go2cloud.org/aff_c?offer_id=523&amp;aff_id=1&amp;tblci=GiDztrPhRgf66i_FsvfOfYo_Yn9p12IB6nL8nUpMGNC31yDvwVook6q8vfDMmLc4MO-ISg"> your last chance to become an investor for $0.80 per share.</a></li>
</ul>



The dramatic <a href="https://www.benzinga.com/news/25/04/44671308/stock-market-surge-evaporates-as-headline-roulette-plagues-traders-fake-news-white-house-says-in-response-to-90-day-tariff-pause">intraday recovery came amid speculation</a> of a <a href="https://www.benzinga.com/news/25/04/44671308/stock-market-surge-evaporates-as-headline-roulette-plagues-traders-fake-news-white-house-says-in-response-to-90-day-tariff-pause">possible 90-day tariff pause</a> by President Donald Trump&#8216;s administration, which briefly sent stocks surging. However, the White House later told CNBC that reports of a tariff reprieve were &#8220;fake news,&#8221; causing indexes to pull back.



Why It Matters: Before Monday&#8217;s session, Cramer had drawn parallels to the 1987 crash, noting similar market patterns. &#8220;Same damned pattern; that thursday, that friday&#8230;.. that Monday?&#8221; he posted on X over the weekend, though he acknowledged that circuit breakers implemented since 1987 could &#8220;slow things down&#8221; <a href="https://in.benzinga.com/markets/25/04/44659901/jim-cramer-sees-same-pattern-as-1987-black-monday-crash-wonders-what-happens-on-monday">during any potential crash</a>.



The market volatility follows Trump&#8217;s recent announcement of sweeping reciprocal tariffs on numerous countries, which sparked the worst week for stocks since the COVID-19 pandemic and raised concerns about inflation, weakened demand, and recession risks.



By Monday evening, futures had rebounded sharply, signaling continued volatility in an uncertain trading environment. S&amp;P 500 Index Futures rose 1.34% to 5,165, Dow Jones Industrial Average Futures jumped 1.73% to 38,826, and Nasdaq-100 Futures gained 1.14% to 17,763, according to <a href="https://pro.benzinga.com/dashboard">data from Benzinga Pro</a>.



Read Next:



<ul>
<li>Invest in the future of digital engagement —<a href="https://benzingapartners.go2cloud.org/aff_c?offer_id=559&amp;aff_id=1&amp;tblci=GiDztrPhRgf66i_FsvfOfYo_Yn9p12IB6nL8nUpMGNC31yDvwVook6q8vfDMmLc4MO-ISg"> own a piece of the $100 billion Metaverse for $500</a>.</li>



<li>The $1.3 billion startup investment boom:<a href="https://benzingapartners.go2cloud.org/aff_c?offer_id=551&amp;aff_id=1&amp;aff_sub=advertorial&amp;tblci=GiDztrPhRgf66i_FsvfOfYo_Yn9p12IB6nL8nUpMGNC31yDvwVook6q8vfDMmLc4MO-ISg"> How this company's explosive growth is opening doors for everyday investors with a new $500 minimum</a>.</li>
</ul>



Image via Shutterstock



Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Jim Cramer Says Market Rebound Feels 'Strange' After Nine Nights Of Losses: 'Things Aren't Better' As Stock Futures Surge Over 1%

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