{"id":49133,"date":"2025-04-01T21:01:57","date_gmt":"2025-04-01T21:01:57","guid":{"rendered":"https:\/\/thestockmarketwatch.com\/stock-market-news\/market-recap-stocks-retreat-as-investors-await-trumps-tariff-announcement-on-april-1-2025\/49133\/"},"modified":"2025-04-01T21:01:57","modified_gmt":"2025-04-01T21:01:57","slug":"market-recap-stocks-retreat-as-investors-await-trumps-tariff-announcement-on-april-1-2025","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/market-recap-stocks-retreat-as-investors-await-trumps-tariff-announcement-on-april-1-2025\/49133\/","title":{"rendered":"Market Recap: Stocks Retreat as Investors Await Trump&#8217;s Tariff Announcement on April 1, 2025"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/market-recap-stocks-retreat-as-investors-await-trumps-tariff-announcement-on-april-1-2025\/49133\/#Major_Indexes_Pull_Back_Amid_Trade_War_Concerns\" >Major Indexes Pull Back Amid Trade War Concerns<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/market-recap-stocks-retreat-as-investors-await-trumps-tariff-announcement-on-april-1-2025\/49133\/#Trumps_Tariff_Plans_Create_Market_Uncertainty\" >Trump&#8217;s Tariff Plans Create Market Uncertainty<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/market-recap-stocks-retreat-as-investors-await-trumps-tariff-announcement-on-april-1-2025\/49133\/#Tech_Giants_and_%E2%80%9CMagnificent_Seven%E2%80%9D_Under_Pressure\" >Tech Giants and &#8220;Magnificent Seven&#8221; Under Pressure<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/market-recap-stocks-retreat-as-investors-await-trumps-tariff-announcement-on-april-1-2025\/49133\/#Notable_Stock_Movers\" >Notable Stock Movers<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/market-recap-stocks-retreat-as-investors-await-trumps-tariff-announcement-on-april-1-2025\/49133\/#Upcoming_Market_Events\" >Upcoming Market Events<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/market-recap-stocks-retreat-as-investors-await-trumps-tariff-announcement-on-april-1-2025\/49133\/#Market_Outlook\" >Market Outlook<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Major_Indexes_Pull_Back_Amid_Trade_War_Concerns\"><\/span>Major Indexes Pull Back Amid Trade War Concerns<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>U.S. stock markets retreated on Tuesday, April 1, 2025, as investors anxiously awaited President Donald <a href=\"https:\/\/thestockmarketwatch.com\/live\/trump-stock-market\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Trump\">Trump<\/a>&#8217;s highly anticipated &#8220;Liberation Day&#8221; announcement of sweeping new reciprocal tariffs scheduled for Wednesday. The uncertainty surrounding these potential trade policies has created significant market volatility in recent weeks and contributed to a challenging first quarter for investors.<\/p>\n<p>As of market close on Tuesday, the <a href=\"https:\/\/stockmarketwatch.com\/markets\/sp500\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"snp500 today\">S&#038;P 500<\/a> dropped 0.33% to 5,593.18, the <a href=\"https:\/\/stockmarketwatch.com\/markets\/dowjones\/today.aspx\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Dow Jones Today\">Dow Jones<\/a> Industrial Average fell 0.65% to 41,730.61, and the tech-heavy Nasdaq Composite declined 0.20% to 17,265.27.<cscitation citation_id=\"task_1__1\"><\/cscitation> This pullback follows a particularly difficult first quarter, where the S&#038;P 500 slumped 4.6% and the Nasdaq plummeted 10.5% &#8211; marking their worst quarterly performances since 2022.<cscitation citation_id=\"task_1__2\"><\/cscitation><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Trumps_Tariff_Plans_Create_Market_Uncertainty\"><\/span>Trump&#8217;s Tariff Plans Create Market Uncertainty<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The primary driver of current market volatility is the anticipated announcement of President <a href=\"https:\/\/thestockmarketwatch.com\/live\/trump-stock-market\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Trump\">Trump<\/a>&#8217;s reciprocal tariff policy. According to reports, the White House is expected to unveil tariffs on goods from virtually all countries on Wednesday, April 2. Some sources suggest the administration is considering implementing tariffs of approximately 20% on most imports into the U.S., though no final decision has been confirmed.<cscitation citation_id=\"task_1__3\"><\/cscitation><\/p>\n<p>&#8220;While the higher event risk baked in creates room for a potential relief rally in case of less aggressive tariffs, the risk arguably is still to the downside, with markets likely underpricing the trade risks,&#8221; noted Barclays assistant vice president Anshul Gupta in a Tuesday report.<\/p>\n<p>Trump has already imposed tariffs on aluminum, steel, and automobiles, along with increased tariffs on goods from China. The uncertainty has prompted Goldman Sachs to raise its probability of a U.S. recession to 35% from 20% and cut its year-end target for the S&#038;P 500 to 5,700.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Tech_Giants_and_%E2%80%9CMagnificent_Seven%E2%80%9D_Under_Pressure\"><\/span>Tech Giants and &#8220;Magnificent Seven&#8221; Under Pressure<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The &#8220;Magnificent Seven&#8221; technology stocks that powered much of the market&#8217;s gains in recent years have been among the hardest hit in 2025&#8217;s market correction. Tesla (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=TSLA\">TSLA<\/a>) has been particularly affected, down approximately 36% in the first quarter, though the stock showed signs of recovery on Tuesday, rising 1.61% to $263.32.<cscitation citation_id=\"task_1__1\"><\/cscitation><\/p>\n<p>Nvidia (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=NVDA\">NVDA<\/a>), the top performer among the Magnificent Seven over the past two years, is now the second-worst performer year-to-date, dropping 0.89% on Tuesday to $107.42.<cscitation citation_id=\"task_1__1\"><\/cscitation> Despite its recent pullback, Nvidia trades at 26.4x forward earnings, well below its 10-year median of 45.1x, and still boasts the highest projected earnings growth in the group at 25.7% annually over the next three to five years.<cscitation citation_id=\"task_3__1\"><\/cscitation><\/p>\n<p>Other notable tech movements included:<br \/>&#8211; Apple (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=AAPL\">AAPL<\/a>): Down 1% as investors weighed tariff impacts on its global supply chain<br \/>&#8211; Alphabet (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=GOOGL\">GOOGL<\/a>): Declined more than 1% amid broader tech weakness<br \/>&#8211; Palantir Technologies (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=PLTR\">PLTR<\/a>): Fell 0.56% to $83.93<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Notable_Stock_Movers\"><\/span>Notable Stock Movers<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Several individual stocks made significant moves on Tuesday:<\/p>\n<p>&#8211; **Newsmax (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=NMAX\">NMAX<\/a>)**: Shares surged 64.91% to $137.72, continuing a remarkable rally after its initial public offering on Monday when the stock soared 735%.<cscitation citation_id=\"task_1__1\"><\/cscitation><\/p>\n<p>&#8211; **Johnson &#038; Johnson (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=JNJ\">JNJ<\/a>)**: Fell 5.27% to $157.10 after a U.S. judge rejected the company&#8217;s $10 billion proposal to resolve lawsuits linking baby powder and other talc products to ovarian cancer.<cscitation citation_id=\"task_1__1\"><\/cscitation><\/p>\n<p>&#8211; **Lucid Group (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=LCID\">LCID<\/a>)**: Rose 5.83% to $2.56 after the company&#8217;s second product, the Gravity SUV, went on sale. Interim CEO Marc Winterhoff stated that the EV maker is providing customers with an alternative to Tesla.<cscitation citation_id=\"task_1__1\"><\/cscitation><\/p>\n<p>&#8211; **PVH (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=PVH\">PVH<\/a>)**: Jumped 18.08% to $76.33 after the Calvin Klein and Tommy Hilfiger owner reported a sales outlook of &#8220;modest growth&#8221; that beat Wall Street&#8217;s expectations.<cscitation citation_id=\"task_1__1\"><\/cscitation><\/p>\n<p>&#8211; **Tesla (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=TSLA\">TSLA<\/a>)**: Despite its poor quarterly performance, Tesla shares rose 2.35% on Tuesday. However, short positions in the company have rebounded to 81 million shares, with bearish traders generating $10 billion year-to-date according to S3 Partners.<cscitation citation_id=\"task_3__2\"><\/cscitation><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Upcoming_Market_Events\"><\/span>Upcoming Market Events<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Investors should keep an eye on several key economic events in the coming days:<\/p>\n<p>&#8211; **April 2**: ADP Non-Farm Employment Change and Crude Oil Inventories reports<cscitation citation_id=\"task_2__3\"><\/cscitation><\/p>\n<p>&#8211; **April 3**: OPEC-JMMC Meetings, U.S. Unemployment Claims, and Final Services PMI<cscitation citation_id=\"task_2__3\"><\/cscitation><\/p>\n<p>&#8211; **April 5**: U.S. Non-Farm Payrolls report for March<\/p>\n<p>&#8211; **April 17**: European Central Bank Interest Rate Decision<cscitation citation_id=\"task_2__3\"><\/cscitation><\/p>\n<p>Additionally, Tesla is set to report its first-quarter delivery numbers next week, with analysts forecasting an 8.5% year-on-year decline to approximately 377,000 vehicles.<cscitation citation_id=\"task_3__2\"><\/cscitation><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Market_Outlook\"><\/span>Market Outlook<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>As markets enter the second quarter of 2025, investors remain cautious about the potential impact of Trump&#8217;s tariff policies on global trade and economic growth. The uncertainty has put stocks on a rollercoaster ride, with the S&#038;P 500 touching a six-month low on Monday before recovering.<\/p>\n<p>&#8220;Investors, more or less in this first quarter, threw their hands in the air, as you really cannot trade around this,&#8221; said Adam Turnquist, chief technical strategist for LPL Financial.<cscitation citation_id=\"task_1__2\"><\/cscitation><\/p>\n<p>While the market correction has brought valuations down to more reasonable levels for many stocks, particularly among the tech giants, further pressure could emerge if economic conditions worsen and earnings expectations decline. Investors should remain vigilant about upcoming economic data, including ISM business activity surveys and the crucial non-farm payrolls report, as well as speeches from several Federal Reserve officials, including Chair Jerome Powell.<\/p>\n<p>The market&#8217;s immediate future likely hinges on the details of Trump&#8217;s tariff announcement on Wednesday, with potential for either a relief rally if the measures are less severe than feared, or further declines if aggressive tariffs raise concerns about global economic growth and inflation.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Major Indexes Pull Back Amid Trade War Concerns U.S. stock markets retreated on Tuesday, April 1, 2025, as investors anxiously 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