Stocks drop, bonds jump

More than 180 countries face reciprocal tariffs, Tariffs bombshell sparks global selloff, China vows retaliation, Apple leads a drop in tech stocks, and Newsmax shares plunge 77% after surge loses momentum...

Author

Market Briefing
April 03, 2025

Good morning.

The Fast Five → More than 180 countries face reciprocal tariffs, Tariffs bombshell sparks global selloff, China vows retaliation, Apple leads a drop in tech stocks, and Newsmax shares plunge 77% after surge loses momentum…

Trump's Tariffs Could Send This AI Stock Soaring

A little-known US chipmaker just gained a major edge over foreign competitors thanks to Trump's new tariffs.

We think demand is about to skyrocket — and early investors could reap the biggest rewards.

Calendar: (all times ET) - Full Calendar

  • Today:
    Initial jobless claims, 8:30A
    US trade deficit, 8:30A

  • Tomorrow:
    Unemployment report, 8:30A

Your 5-minute briefing for Thursday, April 3:

BEFORE THE OPEN

As of market close 4/2/2025.

Pre-Market:

US Investor % Bullish Sentiment:
↑ 27.58% for Week of March 27 2025

Previous week: 21.58%. Updates every Friday.

Market Wrap:

  • Futures plunge: Dow -828 pts (-1.95%), S&P -2.68%, Nasdaq -3.19%.

  • Trump unveils sweeping tariffs: 10% base, higher for some.

  • Apple, Nike -7%; Five Below -14%, Dollar Tree -11%, Gap -8.5%.

  • Nvidia -5%, Tesla -7% as tech sinks.

  • China’s effective rate hits 54%, rattling markets.

  • S&P set to re-enter correction today.

EARNINGS

None watched today. See full calendar here »

HEADLINES

Trump’s so-called “Liberation Day” announcement represents the largest upheaval in US trade policy in decades.

Global stocks tumbled Thursday as markets digested Donald Trump’s big reveal on tariffs.

  • See the list: More than 180 countries, territories facing reciprocal tariffs

  • Stocks dive and investors scramble to bonds, gold and yen (more)

  • US excludes steel, aluminum, gold from reciprocal tariffs (more)

  • China vows retaliation as Trump unleashes ‘bazooka’ US tariffs (more)

  • Bessent says market woes more about tech stock sell-off (more)

  • Senate unveils plan to fast-track tax cuts, debt limit hike​ (more)

  • Dollar slips as investors seek safe havens after US tariffs (more)

  • Gold scales record peak as tariffs fuel safe-haven scramble (more)

  • Oil slumps as tariffs expected to crimp demand (more)

  • House stablecoin bill advances in US House (more)

  • Apple leads a drop in tech stocks after Trump tariff announcement (more)

  • Newsmax’s value cut in half after 2,230% surge loses momentum (more)

  • Amazon submits bid for TikTok as ban deadline nears (more)

  • DeepSeek AI excitement spills over to Hong Kong’s IPO market (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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