{"id":49134,"date":"2025-04-01T21:28:58","date_gmt":"2025-04-01T21:28:58","guid":{"rendered":"https:\/\/thestockmarketwatch.com\/stock-market-news\/market-recap-stocks-rebound-amid-tariff-uncertainty-as-q2-begins\/49134\/"},"modified":"2025-04-01T21:28:58","modified_gmt":"2025-04-01T21:28:58","slug":"market-recap-stocks-rebound-amid-tariff-uncertainty-as-q2-begins","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/market-recap-stocks-rebound-amid-tariff-uncertainty-as-q2-begins\/49134\/","title":{"rendered":"Market Recap: Stocks Rebound Amid Tariff Uncertainty as Q2 Begins"},"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-rebound-amid-tariff-uncertainty-as-q2-begins\/49134\/#Major_Indexes_Close_Higher_After_Volatile_Trading_Session\" >Major Indexes Close Higher After Volatile Trading Session<\/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-rebound-amid-tariff-uncertainty-as-q2-begins\/49134\/#Q1_Performance_Review_Worst_Quarter_Since_2022\" >Q1 Performance Review: Worst Quarter Since 2022<\/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-rebound-amid-tariff-uncertainty-as-q2-begins\/49134\/#Key_Stock_Movers_and_Sector_Performance\" >Key Stock Movers and Sector Performance<\/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-rebound-amid-tariff-uncertainty-as-q2-begins\/49134\/#Economic_Data_Manufacturing_Sector_Contracts\" >Economic Data: Manufacturing Sector Contracts<\/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-rebound-amid-tariff-uncertainty-as-q2-begins\/49134\/#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-rebound-amid-tariff-uncertainty-as-q2-begins\/49134\/#Market_Outlook\" >Market Outlook<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Major_Indexes_Close_Higher_After_Volatile_Trading_Session\"><\/span>Major Indexes Close Higher After Volatile Trading Session<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The U.S. stock market closed higher on Tuesday, April 1, 2025, marking a positive start to the second quarter after a tumultuous first three months of the year. The <a href=\"https:\/\/stockmarketwatch.com\/markets\/sp500\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"snp500 today\">S&#038;P 500<\/a> gained 0.4% while the tech-heavy Nasdaq Composite rose 0.9%, both recovering from early losses in a volatile trading session. The <a href=\"https:\/\/stockmarketwatch.com\/markets\/dowjones\/today.aspx\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Dow Jones Today\">Dow Jones<\/a> Industrial Average finished fractionally lower.<cscitation citation_id=\"task_3__1\"><\/cscitation><\/p>\n<p>Investors continued to navigate uncertainty surrounding President Donald <a href=\"https:\/\/thestockmarketwatch.com\/live\/trump-stock-market\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Trump\">Trump<\/a>&#8217;s upcoming tariff announcements, expected on Wednesday. The market has been on a rollercoaster ride as traders await clarity on the scope and scale of these potential trade measures, with reports suggesting tariffs of approximately 20% could be implemented on most imports into the U.S.<cscitation citation_id=\"task_1__2\"><\/cscitation><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Q1_Performance_Review_Worst_Quarter_Since_2022\"><\/span>Q1 Performance Review: Worst Quarter Since 2022<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Tuesday&#8217;s gains came after a challenging first quarter for U.S. equities:<\/p>\n<p>&#8211; The S&#038;P 500 declined 4.6% in Q1<br \/>&#8211; The Nasdaq Composite plummeted 10.5%<br \/>&#8211; The Dow Jones Industrial Average dropped 1.3%<cscitation citation_id=\"task_1__1\"><\/cscitation><\/p>\n<p>This marked the worst quarterly performance for both the S&#038;P 500 and Nasdaq since 2022, largely driven by uncertainty around the <a href=\"https:\/\/thestockmarketwatch.com\/live\/trump-stock-market\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Trump\">Trump<\/a> administration&#8217;s economic agenda, particularly regarding tariffs. The &#8220;Magnificent Seven&#8221; technology stocks, which had propelled markets higher throughout 2023 and 2024, weighed heavily on performance as investors rotated away from growth names.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Key_Stock_Movers_and_Sector_Performance\"><\/span>Key Stock Movers and Sector Performance<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><b>Tesla (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=TSLA\">TSLA<\/a>)<\/b> shares surged 3.96% to $269.41 on Tuesday, showing resilience despite a challenging first quarter where the stock dropped nearly 36%.<cscitation citation_id=\"task_3__2\"><\/cscitation> The electric vehicle maker was among the most active stocks in terms of options trading, with significant open interest growth.<\/p>\n<p><b>Nvidia (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=NVDA\">NVDA<\/a>)<\/b> closed nearly flat at $108.41, up just 0.03%. The semiconductor giant lost approximately 20% in the first quarter amid the broader tech selloff.<cscitation citation_id=\"task_1__1\"><\/cscitation> Investors continue to evaluate the company&#8217;s position in the AI market, with one analyst noting, &#8220;This is a big test&#8221; for Nvidia stock.<cscitation citation_id=\"task_3__2\"><\/cscitation><\/p>\n<p><b>Apple (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=AAPL\">AAPL<\/a>)<\/b> declined 0.22% to $221.65.<cscitation citation_id=\"task_3__2\"><\/cscitation> Goldman Sachs recently commented that &#8220;There may be an iPhone bounce back in China,&#8221; suggesting potential recovery for the tech giant in a key market.<\/p>\n<p><b>Core Scientific (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=CORZ\">CORZ<\/a>)<\/b> was a standout performer, jumping 7.46% to $7.78, with significant options activity indicating investor interest in the stock.<cscitation citation_id=\"task_3__2\"><\/cscitation><\/p>\n<p>Sector performance remained mixed, with energy stocks rising on the back of higher crude prices, while consumer staples\u2014often considered a safe haven\u2014led gains with a 1.6% increase.<cscitation citation_id=\"task_1__1\"><\/cscitation><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Economic_Data_Manufacturing_Sector_Contracts\"><\/span>Economic Data: Manufacturing Sector Contracts<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The Institute for Supply Management (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=ISM\">ISM<\/a>) Manufacturing Purchasing Managers&#8217; Index (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=PMI\">PMI<\/a>) fell to 49.0 in March, down from 50.3 in February and below the forecast of 49.5.<cscitation citation_id=\"task_4__3\"><\/cscitation> This indicates contraction in the manufacturing sector after two consecutive months of expansion.<\/p>\n<p>Key details from the report show:<\/p>\n<p>&#8211; New orders declined further into contraction territory, registering 45.2% versus 48.6% in February<br \/>&#8211; Production fell from 50.7 to 48.3, a four-month low<br \/>&#8211; Employment index dropped to 44.7, with only one of eighteen industries reporting higher employment<cscitation citation_id=\"task_4__1\"><\/cscitation><\/p>\n<p>Notably, the prices paid index jumped to 69.4, the highest level since the inflation surge of 2022, indicating persistent pricing pressures despite manufacturing weakness.<cscitation citation_id=\"task_4__1\"><\/cscitation><\/p>\n<p>In more positive economic news, construction spending rose 0.7% in March, led by increases in homebuilding, highway and street projects, and commercial construction.<cscitation citation_id=\"task_4__1\"><\/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 are closely watching several key events that could impact market direction:<\/p>\n<p>1. **Trump&#8217;s Tariff Announcement**: The White House is expected to unveil reciprocal tariffs on goods from virtually all countries on Wednesday, April 2.<cscitation citation_id=\"task_1__2\"><\/cscitation><\/p>\n<p>2. **Federal Reserve Speeches**: Several Fed officials, including Chair Jerome Powell, are scheduled to speak this week, potentially providing insights into future monetary policy decisions.<cscitation citation_id=\"task_1__1\"><\/cscitation><\/p>\n<p>3. **Employment Data**: The crucial non-farm payrolls report will be released later this week, offering a comprehensive view of the U.S. labor market.<cscitation citation_id=\"task_1__1\"><\/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 the second quarter begins, market sentiment remains cautious. Goldman Sachs has raised the probability of a U.S. recession to 35% from 20% due to tariff uncertainties and cut its year-end target for the S&#038;P 500 to 5,700.<cscitation citation_id=\"task_1__1\"><\/cscitation><\/p>\n<p>JPMorgan has refreshed its list of favorite stocks for April, adding Boeing, Energy Transfer, Freeport-McMoRan, Carpenter Technology, and Broadstone Net Lease, while removing Abercrombie &#038; Fitch and RTX.<cscitation citation_id=\"task_3__3\"><\/cscitation><\/p>\n<p>Analysts note that diversification proved valuable in Q1, with Adam Turnquist, chief technical strategist for LPL Financial, commenting: &#8220;Investors, more or less in this first quarter, threw their hands in the air, as you really cannot trade around this.&#8221;<cscitation citation_id=\"task_1__1\"><\/cscitation> Michael Reynolds of Glenmede added, &#8220;Our big lesson from the first quarter is diversification is not dead.&#8221;<cscitation citation_id=\"task_1__1\"><\/cscitation><\/p>\n<p>As markets navigate the uncertainty of potential trade wars, inflation concerns, and shifting monetary policy, volatility is likely to remain elevated in the near term, with the CBOE Volatility Index (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=VIX\">VIX<\/a>) jumping to a two-week high at 22.28 points.<cscitation citation_id=\"task_1__1\"><\/cscitation><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Major Indexes Close Higher After Volatile Trading Session The U.S. stock market closed higher on Tuesday, April 1, 2025, marking 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