Teck Resources (NYSE:TECK) 주식

Teck Resources

Teck is a base metals miner with copper and zinc operations in Canada, the United States, Chile, and Peru. After selling its metallurgical coal business, copper is now its major commodity by EBITDA contribution, followed by zinc. Teck is a top-three zinc miner. Its major new copper mine in Chile at the majority-owned Quebrada Blanca 2, in partnership with Sumitomo, will drive an increase in Teck's attributable copper production by roughly 75%. Along with a number of additional copper growth options, Teck's strategy is to rebalance its portfolio to low-carbon metals such as copper. It sold its oil sands business in early 2023 and its coal business in mid-2024.

Copper. Shutterstock

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전 세계가 전기화된 미래로 나아가면서 구리 시장은 중요한 기로에 서 있다. JP모건의 애널리스트인 패트릭 존스(Patrick Jones), 그렉 시어러(Greg Shearer) 및 빌 피터슨(Bill Peterson)의 통찰은 구리 가격에 대한 단기적인 장애물과 전기차 및 공급 동태의 변화에 의해 주도되는 화려한 장기 전망을 제시한다.

구리의 고공행진: EV, 신기술이 이 금속의 다음 대혁명을 이끌 수 있을까?

Teck Resources Ltd

TECK RESOURCES LTD ORD by Teck Resources Ltd.

Needham analyst Scott Berg reiterates Thryv Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/THRY#NASDAQ">THRY</a>) with a Buy and maintains $28 price target.

News

Price Target

Reiteration

Analyst Ratings

THRY

Needham Reiterates Buy on Thryv Holdings, Maintains $28 Price Target

LNZA

LanzaTech Confirms Receipt Of $0.02/Share Takeover Offer From Carbon Direct Capital, Board To Review Proposal

HC Wainwright &amp; Co. analyst Joseph Pantginis maintains Compass Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMPX#NASDAQ">CMPX</a>) with a Buy and raises the price target from $10 to $24.

CMPX

HC Wainwright & Co. Maintains Buy on Compass Therapeutics, Raises Price Target to $24

MKTX

MarketAxess Posts Record Credit And Portfolio Trading Volumes In March And Q1 2025, Driven By 20% ADV Surge

Ross Gerber, the president and CEO of Gerber Kawasaki Wealth &amp; Investment Management and chess champion, Gary Kasparov, have publicly criticized Bill Ackman for his defense of President Donald Trump&#8216;s trade war strategies.
What Happened: On Thursday, Gerber responded to a post on X by Ackman, in which the latter defended Trump&#8217;s trade war tactics. Gerber&#8217;s tweet read, &#8220;Bill please. Enough excuses. You're a smart man. This is garbage policy.&#8221; This was in direct response to Ackman&#8217;s suggestion that appearing &#8220;crazy&#8221; in negotiations could be a strategic move.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Bill please. Enough excuses. You're a smart man. This is garbage policy.
&mdash; Ross Gerber (@GerberKawasaki) <a href="https://twitter.com/GerberKawasaki/status/1907783165885952398?ref_src=twsrc%5Etfw">April 3, 2025</a></blockquote>
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<figcaption class="wp-element-caption">At the same time, legendary chess champion and a prominent critic of authoritarianism, Gary Kasparov, responded to Ackman and said, &#8220;That only works if you&#8217;re not actually crazy, I&#8217;m afraid,&#8221; indirectly referencing Trump&#8217;s leadership style.</figcaption></figure>
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="598" height="224" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/04060403/image-44.png" alt="" class="wp-image-857265" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/04060403/image-44.png 598w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/04060403/image-44-300x112.png 300w" sizes="(max-width: 598px) 100vw, 598px" /></figure>
See Also:&nbsp;<a href="https://benzinga.com/markets/equities/25/04/44640220/peter-schiff-says-nike-wont-build-factories-in-us-they-will-sell-to-countries-like-china-a-much-" target="_blank" rel="noreferrer noopener">Peter Schiff Says Nike &#8216;Won&#8217;t Build Factories&#8217; In US, They Will Sell To Countries Like China: A Much Better Strategy Amid Trump Tariffs</a>
The post came amid Trump&#8217;s&nbsp;announcement of new tariffs on&nbsp;nearly all U.S. trading partners, a move that has been widely criticized.
Why It Matters: Ackman, CEO of Pershing Square Capital Management, in another post, advised <a href="https://www.benzinga.com/markets/equities/25/04/44640503/bill-ackman-just-pick-up-the-phonesays-trump-will-reward-early-dealmakers-punish-tariff-retaliation">foreign leaders</a> to reach out to President Trump, describing him as a dealmaker who views the world as a series of transactions. His comments were made following the global markets losing $2 trillion in value due to Trump&#8217;s reciprocal tariffs. 
Gerber and Kasparov&#8217;s criticism of Ackman&#8217;s defense of Trump&#8217;s trade tactics underlines the ongoing debate about the effectiveness and impact of these policies on global trade and the economy. Gerber also commented on Senior Correspondent of Fox Business, Charles Gasparino&#8217;s post stating that the goal of the new tariff policy is to negotiate reciprocal agreements to reduce tariffs with trading partners. Gerber stated, &#8220;This is a bad way to do business.&#8221;
Meanwhile, Kasparov, in the past, has openly criticized Trump and Russian President Vladimir Putin&#8216;s style of leadership. He has been consistently supporting Ukraine in the Russia-Ukraine war.
<ul>
<li>Read Next:&nbsp;<a href="https://benzinga.com/25/04/44639682/trump-gets-sued-over-china-tariffs-congress-did-not-grant-presidents-blank-check-to-write-domestic-policy" target="_blank" rel="noreferrer noopener">Trump Gets Sued Over China Tariffs: Congress Did Not Grant Presidents &#8216;Blank Check To Write Domestic Policy&#8217;</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.

Economics

Ross Gerber And Gary Kasparov Slam Bill Ackman's Defense Of Trump's Trade War Tactics: 'This Is Garbage Policy'

HC Wainwright &amp; Co. analyst Joseph Pantginis reiterates Cytokinetics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CYTK#NASDAQ">CYTK</a>) with a Buy and maintains $120 price target.

CYTK

HC Wainwright & Co. Reiterates Buy on Cytokinetics, Maintains $120 Price Target

Needham analyst Laura Martin reiterates DoubleVerify Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DV#NYSE">DV</a>) with a Buy and maintains $22 price target.

Needham Reiterates Buy on DoubleVerify Holdings, Maintains $22 Price Target

MTDR

Matador Resources Sells Eagle Ford Assets For $30M, Repays $180M In Debt; Company Ends Q1 2025 With $1.8B Liquidity

Despite a bloodbath on Thursday following the tariff announcements on several U.S. trading partners, President Donald Trump dismissed the concerns while talking to reporters before boarding Air Force One for his Miami visit.
What Happened: President Trump compared the decline in the stock market to a patient&#8217;s operation and said, &#8220;I think it&#8217;s going very well, it was an operation… It&#8217;s a big thing. I said this would be exactly the way it is. We have $6-$7 trillion coming into our country, and we have never seen anything like it.&#8221;
&#8220;The market is going to boom, the stock is going to boom, the country is going to boom, and the rest of the world wants to see if there is any way they could make a deal,&#8221; he added.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">REPORTER: The markets today are way down. The worst day in years. Because of the tariffs. So, how&#39;s it going? TRUMP: I think it&#39;s going very well. It was an operation like when a patient gets operated on. <a href="https://t.co/E5Gd2QQplz">pic.twitter.com/E5Gd2QQplz</a>
&mdash; Aaron Rupar (@atrupar) <a href="https://twitter.com/atrupar/status/1907868713312760175?ref_src=twsrc%5Etfw">April 3, 2025</a></blockquote>
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He made these claims after the U.S. stocks had their worst one-day sell-off since 2020. Both the Dow Jones and the S&amp;P 500 saw their worst trading day since June 2020, and the Nasdaq had its most significant single-day decline since March 2020. Dow&#8217;s 1,679-point drop was the fifth-worst in its history.
See Also: <a href="https://www.benzinga.com/25/04/44642131/volatility-gauge-vix-surges-to-an-8-month-high-more-fear-more-opportunity-says-analyst">Volatility Gauge Vix Surges To An 8-Month High: &#8216;More Fear Equals More Opportunity,&#8217; Says Analyst</a>
Why It Matters: Citing the necessity to rectify the United States&#8217; trade deficit, Trump utilized a 1977 statute to officially declare a trade emergency, subsequently introducing new tariffs on Wednesday.
He imposed a blanket 10% tariff on all trading partners and levied more duties on the countries he described as &#8220;bad actors&#8221;.
It is worth noting that China, Vietnam, Cambodia, and Sri Lanka are subject to the most severe tariffs, whereas Canada and Mexico were exempted.
The benchmark indices have moved into correction territory, defined by a decline exceeding 10% from their recent high points.
The S&amp;P 500 index, which peaked at 6,147.43 points on February 19th, has since fallen by 12.22%. Meanwhile, the Nasdaq 100 has seen a more significant drop of 16.65% from its 52-week high of 22,222.61 points, nearing the -20% mark that signifies a bear market.
The Dow Jones Industrial Average, as of Thursday&#8217;s close, was also down, trading 10.05% below its prior high of 45,073.63 points.
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, dropped in premarket trade on Friday. The SPY was down 0.54% to $533.79, while the QQQ declined 0.47% to $448.54, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/25/04/44622754/tariffs-are-most-expensive-and-masochistic-could-cost-30-trillion-to-the-economy-erasing-300k-per-family-explains-former-treasury-secretary-larry-summers" target="_blank" rel="noreferrer noopener">Trump Tariffs Could Cost $30 Trillion Or About $300,000 Per Family, Says Former Treasury Secretary Larry Summers: ‘Most Expensive And Masochistic&#8217;</a></li>
</ul>
Photo courtesy: Shutterstock

Equities

Government

Market Summary

Donald Trump Says 'Market Is Going To Boom,' Claiming '$6-7 Trillion' Worth Of Inflows Will Come After The Worst Selloff Since 2020

Needham analyst Laura Martin reiterates Apple (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) with a Buy and maintains $260 price target.

AAPL

Needham Reiterates Buy on Apple, Maintains $260 Price Target

The Treasury Department took action against a Houthi financial network, imposing sanctions on cryptocurrency wallets used by the Iran-backed militant group to fund its war machine.
What Happened: According to a&nbsp;Wednesday press release, the&nbsp;Department of the Treasury's Office&nbsp;of Foreign Assets Control identified eight digital&nbsp;wallets used by the Yemen-based group to help procure millions worth of weapons and commodities, including stolen Ukrainian grain, from Russia.
The sanctions targeted Russian-based&nbsp;Afghan nationals Hushang and Sohrab&nbsp;Ghairat, who have facilitated commercial&nbsp;operations on behalf of the&nbsp;Houthis, and particularly Sa'id al-Jamal,&nbsp;who had cryptocurrency addresses included&nbsp;in his December 2024 sanctions&nbsp;designation.
Further investigation by Chainalysis, a firm that <a href="https://www.chainalysis.com/blog/ofac-sanctions-houthi-network-crypto-money-laundering-russia-april-2025/">tracks</a> illicit cryptocurrency activity, revealed that the wallets moved nearly $1 billion worth&nbsp;of funds linked to sanctioned&nbsp;entities. The majority of the transactions funded Houthi operations in Yemen&nbsp;and the Red Sea region.
Moreover, Houthis used deposit addresses at Russia-based cryptocurrency Garantex, a known <a href="https://in.benzinga.com/markets/cryptocurrency/25/03/44330826/vladimir-putin-said-nobody-can-ban-bitcoin-now-russia-reportedly-leverages-btc-to-evade-sanctions-when-selling-oil-to-china-india">facilitator </a>of money laundering, which received over $45 million. The group processed nearly $2.5 million involving wallets previously identified as being involved in funding Hamas, the group <a href="https://in.benzinga.com/news/25/02/43780545/israel-to-begin-negotiations-with-hamas-for-permanent-cease-fire-release-of-remaining-hostages">embroiled in a conflict</a> with Israel, Chainalysis said.
See Also:&nbsp;<a href="https://benzinga.com/markets/cryptocurrency/25/04/44636065/bitcoin-ethereum-xrp-dogecoin-dump-on-tariff-news" target="_blank" rel="noreferrer noopener">Bitcoin, Ethereum, XRP, Dogecoin Dump On Tariff News</a>
Why It Matters: The U.S. airstrikes in Yemen earlier this month <a href="https://in.benzinga.com/news/global/25/03/44347638/houthi-retaliation-threats-follow-us-airstrikes-in-yemen-trump-warns-iran-to-beware">resulted in several casualties</a>, leading the Houthis to issue a warning of retaliation. This retaliation threat has escalated tensions in the region.
The Houthis are an armed rebel group from Yemen known for their opposition to Israel. They are backed by Iran&#8217;s Islamic Revolutionary Guards.
The group has been attacking ships in the Red Sea, a key global trade route, since late 2023, following the breakout of the <a href="https://www.benzinga.com/topic/israel-hamas-war">Israel-Hamas war</a>. The U.S. has responded with airstrikes to weaken the Houthis' ability to launch these attacks.
Read Next:&nbsp;
<ul>
<li><a href="https://benzinga.com/markets/cryptocurrency/24/11/41869087/kiyosaki-aims-to-own-100-bitcoins-by-2025-i-wish-bitcoin-was-back-to-10-a-coin-but-wishing-has-never-made-poor-people-richer" target="_blank" rel="noreferrer noopener">Kiyosaki Aims To Own 100 Bitcoins By 2025: &#8216;I Wish Bitcoin Was Back To $10 A Coin, But Wishing Has Never Made Poor People Richer&#8217;</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.<a href="https://www.benzinga.com/apis?utm_source=benzinga.com&amp;utm_campaign=article-bottom" rel="noreferrer noopener" target="_blank"></a>
Photo courtesy: Shutterstock

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

Politics

Iran-Backed Houthi Group Faces Sanctions On Cryptocurrency Wallets Funding War Efforts

The Hershey Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HSY#NYSE">HSY</a>) is deepening its push into the <a href="https://www.thehersheycompany.com/en_us/home/newsroom/press-release/2025-04-03-The-Hershey-Company-Announces-Intent-to-Acquire-LesserEvil.html" target="_blank" rel="noreferrer noopener">savory snacking space with a new acquisition</a>. The confectionery giant announced on Thursday it struck a definitive deal to acquire LesserEvil, a brand known for its organic and boldly flavored snacks.
This move reflects Hershey&#8217;s ongoing effort to expand its snacking portfolio from iconic sweets such as Reese&#8217;s and Jolly Ranchers and build momentum in the better-for-you snack sector.
The acquisition is valued around $750 million, according to a <a target="_blank" href="https://www.wsj.com/business/deals/hershey-nears-750-million-deal-for-lesserevil-popcorn-brand-4ca3d468?mod=lead_feature_below_a_pos1" rel="noreferrer noopener">report </a>from the Wall Street Journal. The report also mentioned that the total value of the deal could increase if LesserEvil meets specific performance targets.
LesserEvil&#8217;s leadership will remain intact following the acquisition and will continue overseeing its innovation pipeline and manufacturing capabilities.
&#8220;Investing in&nbsp;LesserEvil&nbsp;brings a multi-category, better-for-you snacks platform to extend our offerings into new categories and forms, reaching new consumers in more eating occasions,&#8221; said&nbsp;Hershey&#8217;s President and Chief Executive Officer, Michele Buck.
Also Read: <a target="_blank" href="https://www.benzinga.com/25/04/44630305/ai-powered-pizza-papa-johns-taps-google-cloud-for-smarter-orders" rel="noreferrer noopener">AI-Powered Pizza? Papa Johns Taps Google Cloud For Smarter Orders</a>
&#8220;This high-growth brand not only complements our beloved confection and salty snack brands but also brings additional manufacturing capabilities and capacity to meet growing consumer and retailer needs.&#8221;
Hershey has made strategic bets on brands like SkinnyPop, Dot&#8217;s Homestyle Pretzels, and Pirate&#8217;s Booty.
Hershey indicated that the deal is expected to close later in 2024, pending regulatory approvals. The confectioner held $730.7 million in cash and <a target="_blank" href="https://www.benzinga.com//node/43523301" rel="noreferrer noopener">equivalents as of December 31.</a>
The company&#8217;s fourth-quarter sales of $2.89 billion increased 8.7% Y/Y, outpacing the analyst consensus <a target="_blank" href="https://www.benzinga.com/25/02/43528027/hersheys-stock-pops-as-q4-earnings-beat-expectationsbut-cocoa-prices-loom-over-2025-outlook" rel="noreferrer noopener">estimate of $2.84 billion.</a>
Hershey&#8217;s&nbsp;North America Confectionery segment net sales were&nbsp;$2.354.2 billion, up 6%&nbsp;while the Salty Snacks segment&nbsp;jumped 35.9% to $278.9 million.
The company had warned that a surge in cocoa prices is expected to put significant <a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">pressure on 2025 earnings.</a>
Price Action: HSY shares closed higher by 1.76% at $166.83 on Thursday.
Read Next:
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<li><a href="https://www.benzinga.com/trading-ideas/movers/25/04/44631560/servicenow-supercharges-sales-strategy-with-logik-ai-acquisition" target="_blank" rel="noreferrer noopener">ServiceNow Supercharges Sales Strategy With Logik.ai Acquisition</a></li>
</ul>
Photo via Shutterstock.

Large Cap

General

Hershey Bites Into Better-For-You Snacking With LesserEvil Deal: Details

HC Wainwright &amp; Co. analyst Swayampakula Ramakanth reiterates RenovoRx (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RNXT#NASDAQ">RNXT</a>) with a Buy and maintains $3 price target.

RNXT

HC Wainwright & Co. Reiterates Buy on RenovoRx, Maintains $3 Price Target

HC Wainwright &amp; Co. analyst Matthew Caufield reiterates Aldeyra Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALDX#NASDAQ">ALDX</a>) with a Buy and maintains $10 price target.

ALDX

HC Wainwright & Co. Reiterates Buy on Aldeyra Therapeutics, Maintains $10 Price Target

Earlier this week, Alphabet Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google removed the mailing list for the Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) developer group Bitcoindev, citing &#8220;policy violations,&#8221; prompting Jack Dorsey to call out the company&#8217;s approach.
What Happened: Bitcoin developer Ruben Somsen took to X, formerly Twitter, and said that Google had &#8220;permanently removed&#8221; the mailing list for Bitcoindev, the developers&#8217; group behind Bitcoin, for alleged &#8220;illegal content&#8221; or &#8220;policy violations.&#8221;
Somsen expressed confusion, stating that no inappropriate content had been posted, and questioned why Google considered open-source Bitcoin development &#8220;unwanted.&#8221;
See Also: <a href="https://www.benzinga.com/25/04/44641631/trumps-reciprocal-tariffs-threaten-to-derail-big-techs-billion-dollar-ai-infrastructure-plans-analysts-warn-stargate-was-already-unlikely-to-get-to-that-scale">Trump&#8217;s Reciprocal Tariffs Threaten To Derail Big Tech&#8217;s Billion-Dollar AI Infrastructure Plans, Analyst Singles Out This OpenAI-Linked Project As Likely To Get Hit</a>
He also suggested that the community may need to move away from Google services altogether.
Dorsey, the former CEO of Twitter and current founder of Block Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XYZ#NYSE">XYZ</a>), retweeted Somsen's post and tagged Google CEO Sundar Pichai.
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.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">? <a href="https://twitter.com/sundarpichai?ref_src=twsrc%5Etfw">@sundarpichai</a> <a href="https://t.co/LGvGXsnG1v">https://t.co/LGvGXsnG1v</a>
&mdash; jack (@jack) <a href="https://twitter.com/jack/status/1907593440273248515?ref_src=twsrc%5Etfw">April 3, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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Google has now resolved the issue and restored the mailing list.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Bitcoindev mailing list is back online! Thanks to everyone who helped to escalate this&#x1f44d; <a href="https://t.co/tO8QYp0vFb">https://t.co/tO8QYp0vFb</a>
&mdash; Ruben Somsen (@SomsenRuben) <a href="https://twitter.com/SomsenRuben/status/1907704105788645431?ref_src=twsrc%5Etfw">April 3, 2025</a></blockquote>
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Why It Matters: The removal of the Bitcoin developer mailing list underscores ongoing tensions between the crypto community and Big Tech, particularly concerning the regulation and control of decentralized technologies.
Dorsey, who has <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41833692/jack-dorsey-reaffirms-blocks-bitcoin-centric-vision-to-boost-digital-wallet-mining-businesses-companys-btc-stash-grows-by-15m-in-q3">long supported Bitcoin</a> and even predicted that the cryptocurrency&#8217;s market value would surpass $20 trillion by 2030, has been outspoken about the need for real-world use cases beyond Bitcoin's store of value.
Price Action: Bitcoin's trading volume has dropped by 32.76%, totaling $35.92 billion at the time of writing, according to <a href="http://pro.benzinga.com/">data from Benzinga Pro</a>.
Read Next:
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<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: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

Tech

$BTC

GOOG

GOOGL

Google Removes Bitcoin Developer Mailing List For 'Policy Violations:' Jack Dorsey Calls Out Sundar Pichai For Censorship

On Thursday, April 3, U.S. markets experienced their steepest one-day losses in years, driven by President Trump&#8217;s tariff on U.S. imports, which sparked concerns of a global trade war and potential recession.
Investors fled to safer assets as countries like China and the EU threatened retaliation. Amid the market chaos, traders now expect multiple Federal Reserve rate cuts, with June seen as the likely starting point.
In economic data, U.S. initial jobless claims dropped by 6,000 to 219,000 for the week ending March 29, beating estimates of 225,000. The trade deficit narrowed to $122.7 billion in February, lower than the previous month&#8217;s $130.7 billion and the forecasted $123.5 billion. The ISM services PMI fell to 50.8 in March, down from 53.5 in February and below the expected 53.
Most S&amp;P 500 sectors closed lower on Thursday, led by losses in consumer discretionary, energy, and tech stocks, while consumer staples bucked the trend and finished higher.
The Dow Jones Industrial Average slipped 3.98% to 40,545.93, the S&amp;P 500 declined 4.84% to 5,396.52, and the Nasdaq Composite fell 5.97% to close at 16,550.61.
Asia Markets Today
<ul>
<li>On Friday, Japan&#8217;s Nikkei 225 closed the session lower by 2.80% at 33,762.00, led by losses in the Paper and pulp, Transport, and Communication sectors.</li>
<li>Japanese stocks plunged to their lowest since August as concerns over U.S. tariffs and a potential global recession triggered a selloff, particularly in banking stocks.</li>
<li>Australia&#8217;s S&amp;P/ASX 200 was down 2.44% and closed at 7,667.80,</li>
<li>India&#8217;s Nifty 50 was down 1.48% to 22,905.15, and Nifty 500 declined 2.07% to 22,905.15.</li>
<li>China Market is closed for the Ching Ming Festival holiday.</li>
</ul>
Eurozone at 05:45 AM ET
<ul>
<li>The European STOXX 50 was down 2.36%.</li>
<li>Germany&#8217;s DAX declined 2.30%.</li>
<li>France&#8217;s CAC 40 fell 1.96%.</li>
<li>U.K.&#8217;s FTSE 100 index traded lower by 1.83%.</li>
</ul>
Commodities at 05:45 AM ET
<ul>
<li>Crude Oil WTI was trading lower by 3.72% at $64.50/bbl, and Brent was down 3.42% at $67.79/bbl. Oil prices fell toward their lowest since 2021, hit by Trump&#8217;s tariffs and OPEC+ output increases.</li>
<li>Natural Gas slid 1.28% to $4.085.</li>
<li>Gold was trading lower by 0.26% at $3,113.20, Silver was down 1.45% to $31.515, and Copper fell 2.30% to $4.7178.</li>
<li>Gold prices slightly dipped on Friday but were set for their fifth consecutive weekly gain, driven by strong safe-haven demand amid Trump&#8217;s new trade tariffs. Despite profit-taking, gold remains close to record highs, with market focus on the U.S. nonfarm payrolls report.</li>
</ul>
U.S. Futures at 05:45 AM ET
Dow futures were down 0.93%, S&amp;P 500 futures declined 0.70%, and Nasdaq 100 futures slid 0.48%.
Forex at 05:45 AM ET
<ul>
<li>The U.S. dollar index rose 0.55% to 102.52, the USD/JPY rose 0.23% to 146.40, and the USD/AUD gained 1.97% to 1.6112.</li>
<li>The U.S. dollar rose on Friday, recovering slightly ahead of the jobs report after a steep drop caused by President Trump&#8217;s tariffs.</li>
</ul>
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Global Selloff Deepens, Oil Prices Tumble Amid Trump's Tariff Fallout - Global Markets Today While US Slept

HC Wainwright &amp; Co. analyst Kevin Dede reiterates Sphere 3D (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ANY#NASDAQ">ANY</a>) with a Buy and maintains $3 price target.

HC Wainwright & Co. Reiterates Buy on Sphere 3D, Maintains $3 Price Target

U.S. stock futures declined on Friday after a bloodbath on Thursday following the introduction of President Donald Trump&#8216;s tariffs. Futures of major benchmark indices were lower in premarket trading.
Fueled by a broad market downturn, the Dow Jones plummeted by a staggering 1,679 points, its fifth-largest drop ever, while the S&amp;P 500 and Nasdaq suffered their biggest single-day losses since June and March 2020, respectively.
Trump, however, dismissed the tariff-induced selloff and said, &#8220;The market is going to boom, the stock is going to boom, the country is going to boom.&#8221;
The 10-year Treasury bond yielded 3.94% and the two-year bond was at 3.61%. The CME Group's FedWatch <a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">tool</a> shows markets pricing in a 69.4% likelihood of the Federal Reserve maintaining current interest rates through its May meeting.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Change (+/-)</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>-1.00%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>-0.78%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>-0.54%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>-1.42%</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, declined in premarket on Friday. The SPY was down 0.71% to $532.87, while the QQQ declined 0.62% to $447.85, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
Cues From Last Session:
Technology sectors bore the brunt of Thursday&#8217;s U.S. stock market downturn. Specifically, Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) shares plummeted approximately 9.3%, marking their steepest single-day decline since March 2020. Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) also saw a significant drop, tumbling 7.8%, while Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) shares fell by 8.98%. Across the broader market, consumer discretionary, energy, and information technology stocks registered the most substantial losses within the S&amp;P 500.
In contrast, consumer staples stocks stood out, bucking the prevailing negative trend and closing the session higher. This sector&#8217;s resilience was highlighted by Lamb Weston Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LW#NYSE">LW</a>), whose shares surged 10% after the company released third-quarter financial results that exceeded expectations and provided FY25 sales guidance above analyst estimates.
Economic data released Thursday presented a mixed picture. U.S. initial jobless claims decreased by 6,000 to 219,000 for the week ending March 29, falling below the anticipated 225,000. Additionally, the U.S. trade deficit narrowed to $122.7 billion in February, improving from $130.7 billion in January and slightly better than the forecasted $123.5 billion. However, the ISM services PMI declined to 50.8 in March, down from 53.5 in February and below market expectations of 53.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>-5.97%</td>
<td>16,550.60</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>-4.84%</td>
<td>5,396.52</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>-3.98%</td>
<td>40,545.93</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>-6.59%</td>
<td>1,910.55</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts:
CNBC&#8217;s Jim Cramer compared Trump&#8217;s tariffs to historical tariff regimes in the U.S., in an X post. he said, &#8220;It is not pro-tariff v. anti-tariff. It&#8217;s about accomplishing what&#8217;s good for our country while not having a Smoot-Hawley situation.&#8221;
The Smoot-Hawley Tariff Act, enacted in 1930, was a US law that significantly increased tariffs on imported goods, intended to protect American businesses and farmers, but ultimately worsened the Great Depression by triggering a global trade war.
However, he added that tariff-induced selloff on Thursday was &#8220;100% Smoot Hawley disguised as thoughtful policy. The market was RIGHT to go down.&#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">It is not pro-tariff v. anti-tariff. It&#39;s about accomplishing what&#39;s good for our country while not having a Smoot Hawley situation. Yesterday was 100% Smoot Hawley disguised as thoughtful policy. The market was RIGHT to go down
&mdash; Jim Cramer (@jimcramer) <a href="https://twitter.com/jimcramer/status/1908066366805991875?ref_src=twsrc%5Etfw">April 4, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
AQR Capital Management&#8217;s Chief Investment Officer, Cliff Asness, took to X on Thursday to voice his criticism of tariff proponents, specifically disputing the assertion that tariffs result in deflation instead of inflation.
His remarks were a direct response to Anthony Pompliano, the Founder &amp; CEO of Professional Capital Management and a well-known Bitcoin advocate, who had previously claimed, &#8220;Tariffs don't create inflation. The exact opposite happens."
<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">Idiots say this and bray like they've scored a great point. What they mean is giant arbitrary tariffs are so bad they eventually cause recessions which then cause deflation. They then present this as a feature. And if they don't mean that they are even more wrong in some… <a href="https://t.co/ZihK0rbRU0">https://t.co/ZihK0rbRU0</a>
&mdash; Clifford Asness (@CliffordAsness) <a href="https://twitter.com/CliffordAsness/status/1907915579324760564?ref_src=twsrc%5Etfw">April 3, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Creative Planning&#8217;s chief market strategist, Charlie Bilello, noted that the VIX index reached its highest closing level since Aug. 5, 2024.
He suggested this increase in fear, coupled with lower stock prices, presents enhanced opportunities for investors with a long-term perspective. Bilello also pointed to historical trends, indicating that the S&amp;P 500 has historically delivered &#8220;higher than average&#8221; returns following significant surges in volatility.
He shared data showing that after a comparable spike on Aug. 5, 2024, the S&amp;P 500 returned 6% in one month, 11% in three months, and 18% over six months. On average, Bilello highlighted, the S&amp;P 500 has gained 12% six months after such volatility spikes and 21% after a year.
In an X post, Bilello summarized, &#8220;More Fear = More 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> spiked nearly 40% higher today and closed above 30 for the first time since last August. What has happened in the past following the biggest volatility spikes? Higher than average forward S&amp;P 500 returns. More Fear = More Opportunity<a href="https://t.co/wMMGtwYloS">https://t.co/wMMGtwYloS</a> <a href="https://t.co/vVEN5vUBD1">pic.twitter.com/vVEN5vUBD1</a>
&mdash; Charlie Bilello (@charliebilello) <a href="https://twitter.com/charliebilello/status/1907910013743722855?ref_src=twsrc%5Etfw">April 3, 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 Friday:
<ul>
<li>March&#8217;s U.S. employment report, unemployment rate, and hourly wages data will be out by 8:30 a.m. ET.</li>
</ul>
<ul>
<li>Fed Chairman Jerome Powell will speak at 11:25 a.m. ET.</li>
</ul>
<ul>
<li>Fed Governor Michael Barr will speak at 12:00 p.m. and Fed Governor Christopher Waller will speak at 12:45 p.m. ET.</li>
</ul>
Stocks In Focus:
<ul>
<li>American Shared Hospital Services (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMS#NYSE">AMS</a>) was up 0.34% in premarket on Friday ahead of its earnings before the opening bell. Analysts expect a quarterly earnings of 1 cent per share on revenue of $7.70 million.</li>
</ul>
<ul>
<li>Neuroone Medical Technologies Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NMTC#NASDAQ">NMTC</a>) slumped 36.05% after the company disclosed a common stock public offering.</li>
</ul>
<ul>
<li>Simulations Plus Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLP#NASDAQ">SLP</a>) was up 2.50% after posting stronger-than-expected results for its second quarter and issuing an upbeat FY25 earnings forecast.</li>
</ul>
<ul>
<li>Sangamo Therapeutics Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SGMO#NASDAQ">SGMO</a>) surged 32.41% after announcing a new agreement with pharmaceutical giant Eli Lilly And Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LLY#NYSE">LLY</a>), granting the company a worldwide exclusive license to leverage the company&#8217;s novel proprietary neurotropic adeno-associated virus (AAV) capsid, STAC-BBB.</li>
</ul>
<ul>
<li>GameStop Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) jumped 3.98% after its CEO, Ryan Cohen, acquired 500,000 shares of the company.</li>
</ul>
<ul>
<li>BioNexus Gene Lab Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BGLC#NASDAQ">BGLC</a>) dropped 26.96% after the company said that it will enact a 1-for-10 reverse stock split effective Monday to meet Nasdaq&#8217;s bid price requirements.</li>
</ul>
<ul>
<li>Mullen Automotive Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MULN#NASDAQ">MULN</a>) zoomed 83.64% after it stated that its U.S.-assembled Mullen and Bollinger commercial EV inventory is tariff-exempt.</li>
</ul>
<ul>
<li>CXApp Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CXAI#NASDAQ">CXAI</a>) gained 40.06% after the company reported business performance results for 2024 and announced a net revenue retention rate of 101%.</li>
</ul>
Commodities, Gold, And Global Equity Markets:
Crude oil futures were trading lower in the early New York session by 3.57% to hover around $64.56 per barrel.
Gold Spot US Dollar declined 0.97% to hover around $3,083.92 per ounce. Its fresh record high stood at $3,168.04 per ounce. The U.S. Dollar Index spot was higher by 0.48% at the 102.564 level.
Asian markets closed on a lower note on Friday. 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 fell. European markets were also lower in early trade.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/general/market-summary/25/04/44642317/sp-500-plummets-108-nasdaq-100-corrects-141-since-trumps-inauguration-heres-how-it-compares-to-obama-and-biden-eras">S&amp;P 500 Plummets 10.8%, Nasdaq 100 Corrects 14.1% Since Trump&#8217;s Inauguration: Here&#8217;s How It Compares To Obama And Biden Eras</a></li>
</ul>
Photo courtesy: Shutterstock

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US Stocks Likely To Open Lower After The Worst Selloff Since 2020: Tariff Announcement Was '100% Smoot Hawley Disguised As Thoughtful Policy,' Says Expert

Bunge Global Announces Extension Of Expiration Date To May 5, 2025 For Exchange Offers And Consent Solicitations Relating To Existing Viterra Notes

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