Bracing for more pain

Wall Street sees worst day since pandemic, investors caught off-guard brace for more pain, Trump open to tariff negotiations, Apple sheds over $300 billion in sell-off, and RH Chief reacts live to stock plunge during earnings call...

Good morning.

The Fast FiveWall Street sees worst day since pandemic, investors caught off-guard brace for more pain, Trump open to tariff negotiations, Apple sheds over $300 billion in sell-off, and RH Chief reacts live to stock plunge during earnings call…

Calendar: (all times ET) - Full Calendar

  • Today:
    Unemployment report, 8:30A

  • Monday:
    Consumer credit, 3:00P

Your 5-minute briefing for Friday, April 4:

BEFORE THE OPEN

As of market close 4/3/2025.

Pre-Market:

US Investor % Bullish Sentiment:
↓ 21.76% for Week of April 03 2025

Previous week: 27.42%. Updates every Friday.

Market Wrap:

  • Futures down: Dow -77 pts (-0.2%), S&P -0.1%, Nasdaq slightly lower.

  • Dow -1,600 pts Thurs; worst day for stocks since 2020.

  • S&P -4.8%, Nasdaq -6%, Russell 2000 enters bear market (-20%).

  • “Magnificent Seven” lost $1T+ in market value.

  • Tariffs hit April 5; Trump now open to trade talks.

  • Today: March jobs report (est. +140K, 4.1% jobless rate).

EARNINGS

None watched today. See full calendar here »

Presidential insider exposes shocking plot to reshape U.S. economy:

The 2025 Trump Reset

Inside Trump’s secret plan to trigger the greatest transfer of wealth since FDR and LBJ –
trillions of dollars could be redistributed.

HEADLINES

The S&P 500 fell almost 5% on Thursday, its worst drop since June 2020, as allies and adversaries alike criticized President Trump’s action and weighed their responses.

Investors had been prepared for a shock heading into Trump's announcement of sweeping new tariffs on Wednesday, but many said what played out was the worst-case-scenario for markets.

  • Trump open to tariff negotiations, contradicting White House aides (more)

  • 10-yr Treasury yield falls to lowest level since Oct after Trump tariffs (more)

  • Russell 2000 becomes first major US stock measure to enter bear market (more)

  • Billionaires lose combined $208 billion in one day (more)

  • Near-term inflation expectations surge (more)

  • Fed unlikely to rescue markets, economy from tariff turmoil anytime soon (more)

  • Oil prices tumbled to worst day in nearly three years (more)

  • Mortgage rates tumble on tariffs, but housing costs still near record high (more)

  • Apple sheds over $300 billion in tariff-fueled sell-off (more)

  • ‘Oh Sh-t’: RH Chief reacts live to stock plunge during earnings call (more)

  • Buffett's Berkshire weathers tariff-fueled stock-market selloff (more)

  • Intel gains on report of joint venture deal with TSMC (more)

- We’re on a short break -
The Dealflow, Crypto & Bullish sections will be
back on Monday, April 7. Thank you for reading!

DAILY SHARES

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