{"id":49165,"date":"2025-04-07T10:02:19","date_gmt":"2025-04-07T15:02:19","guid":{"rendered":"https:\/\/thestockmarketwatch.com\/stock-market-news\/todays-midday-market-update-stocks-whipsaw-amid-tariff-turmoil\/49165\/"},"modified":"2025-04-07T10:02:19","modified_gmt":"2025-04-07T15:02:19","slug":"todays-midday-market-update-stocks-whipsaw-amid-tariff-turmoil","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/todays-midday-market-update-stocks-whipsaw-amid-tariff-turmoil\/49165\/","title":{"rendered":"Today&#8217;s Midday Market Update: Stocks Whipsaw Amid Tariff Turmoil"},"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\/todays-midday-market-update-stocks-whipsaw-amid-tariff-turmoil\/49165\/#Major_Market_Indexes_Struggle_as_Tariff_Concerns_Persist\" >Major Market Indexes Struggle as Tariff Concerns Persist<\/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\/todays-midday-market-update-stocks-whipsaw-amid-tariff-turmoil\/49165\/#Global_Markets_Reel_from_Tariff_Impact\" >Global Markets Reel from Tariff Impact<\/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\/todays-midday-market-update-stocks-whipsaw-amid-tariff-turmoil\/49165\/#Major_Stock_Movers_and_Sector_Performance\" >Major 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\/todays-midday-market-update-stocks-whipsaw-amid-tariff-turmoil\/49165\/#Upcoming_Market_Events_and_Earnings_Releases\" >Upcoming Market Events and Earnings Releases<\/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\/todays-midday-market-update-stocks-whipsaw-amid-tariff-turmoil\/49165\/#Economic_Outlook_and_Federal_Reserve_Response\" >Economic Outlook and Federal Reserve Response<\/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\/todays-midday-market-update-stocks-whipsaw-amid-tariff-turmoil\/49165\/#Looking_Ahead_What_Investors_Should_Watch\" >Looking Ahead: What Investors Should Watch<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Major_Market_Indexes_Struggle_as_Tariff_Concerns_Persist\"><\/span>Major Market Indexes Struggle as Tariff Concerns Persist<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>As of midday on Monday, April 7, 2025, U.S. markets continue to experience significant volatility following President <a href=\"https:\/\/thestockmarketwatch.com\/live\/trump-stock-market\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Trump\">Trump<\/a>&#8217;s sweeping tariff announcements last week. The <a href=\"https:\/\/stockmarketwatch.com\/markets\/sp500\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"snp500 today\">S&#038;P 500<\/a> is down 1.9% to 4,980 after initially plunging 3.5% at the open, briefly entering positive territory, then resuming its decline.<cscitation citation_id=\"task_1__2\"><\/cscitation> The <a href=\"https:\/\/stockmarketwatch.com\/markets\/dowjones\/today.aspx\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Dow Jones Today\">Dow Jones<\/a> Industrial Average has fallen 2.3%, while the tech-heavy Nasdaq Composite is showing slightly more resilience, down 0.6%.<cscitation citation_id=\"task_1__2\"><\/cscitation><\/p>\n<p>This market turbulence follows a devastating week for global equities, with the S&#038;P 500 and Nasdaq recording their biggest two-day drop since March 2020.<cscitation citation_id=\"task_1__2\"><\/cscitation> The S&#038;P 500 is now dangerously close to entering bear market territory, defined as a 20% decline from recent highs, sitting just 2.6 percentage points away from that threshold.<cscitation citation_id=\"task_1__3\"><\/cscitation><\/p>\n<p><b>The VIX index, Wall Street&#8217;s &#8220;fear gauge,&#8221; has surged to levels rarely seen outside of major crises like the 2008 financial collapse and the early pandemic period, reflecting extreme investor anxiety.<cscitation citation_id=\"task_1__3\"><\/cscitation><\/b><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Global_Markets_Reel_from_Tariff_Impact\"><\/span>Global Markets Reel from Tariff Impact<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>International markets have experienced even more severe declines today. Hong Kong&#8217;s Hang Seng plummeted 13.2%, marking its steepest drop since the 1997 Asian financial crisis.<cscitation citation_id=\"task_1__2\"><\/cscitation> Taiwan&#8217;s Taiex fell 9.7%, recording its heaviest loss on record, while Japan&#8217;s Nikkei 225 tumbled 7.8%.<cscitation citation_id=\"task_1__2\"><\/cscitation><\/p>\n<p>European markets are also suffering, with Germany&#8217;s DAX down 4.8%, France&#8217;s CAC 40 shedding 5.1%, and Britain&#8217;s FTSE 100 losing 4.9% in midday trading.<cscitation citation_id=\"task_1__2\"><\/cscitation><\/p>\n<p>The global market rout has already wiped out approximately $9.5 trillion in equity value worldwide, putting immense pressure on investors and policymakers alike.<cscitation citation_id=\"task_1__1\"><\/cscitation><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Major_Stock_Movers_and_Sector_Performance\"><\/span>Major Stock Movers and Sector Performance<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Several notable stocks are making significant moves today:<\/p>\n<p>&#8211; **Automakers**: Legacy carmakers continue to decline amid tariff concerns. Stellantis (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=STLA\">STLA<\/a>) has plunged more than 9%, Ford (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=F\">F<\/a>) is down nearly 3%, and General Motors (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=GM\">GM<\/a>) has pulled back 5% following a Bernstein downgrade to underperform.<cscitation citation_id=\"task_2__1\"><\/cscitation><\/p>\n<p>&#8211; **Tesla (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=TSLA\">TSLA<\/a>)**: The electric vehicle manufacturer has sank nearly 7%, extending its 2025 decline to more than 40% due to supply chain headwinds from tariffs and brand issues related to Elon Musk&#8217;s political activities.<cscitation citation_id=\"task_2__1\"><\/cscitation><\/p>\n<p>&#8211; **Big Tech**: Major technology companies continue to face pressure. Apple (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=AAPL\">AAPL<\/a>), which manufactures devices in China, is down 4%. Nvidia (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=NVDA\">NVDA<\/a>) has lost 6%, while Alphabet (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=GOOGL\">GOOGL<\/a>), Microsoft (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=MSFT\">MSFT<\/a>), and Amazon (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=AMZN\">AMZN<\/a>) are each trading lower by more than 2%. Meta (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=META\">META<\/a>) has fallen nearly 4%.<cscitation citation_id=\"task_2__1\"><\/cscitation><\/p>\n<p>&#8211; **Banking Sector**: Major banks are declining on recession fears. JPMorgan Chase (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=JPM\">JPM<\/a>) has dropped nearly 4% as CEO Jamie Dimon warned that new tariffs would boost inflation and hurt the U.S. economy. Citigroup (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=C\">C<\/a>) and Morgan Stanley (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=MS\">MS<\/a>) have each lost more than 4%, while Goldman Sachs (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=GS\">GS<\/a>) is down 5%.<cscitation citation_id=\"task_2__1\"><\/cscitation><\/p>\n<p>&#8211; **Chinese ADRs**: U.S.-listed Chinese companies are experiencing steep declines, with Alibaba (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=BABA\">BABA<\/a>), JD.com (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=JD\">JD<\/a>), and Bilibili (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=BILI\">BILI<\/a>) all down more than 8%.<cscitation citation_id=\"task_2__1\"><\/cscitation><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Upcoming_Market_Events_and_Earnings_Releases\"><\/span>Upcoming Market Events and Earnings Releases<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>This week marks the beginning of the first-quarter earnings season, which could provide further direction for markets amid the current uncertainty. Today alone features 359 companies reporting earnings, though most are smaller firms.<cscitation citation_id=\"task_3__2\"><\/cscitation><\/p>\n<p>Key upcoming earnings releases this week include:<\/p>\n<p>&#8211; **Monday, April 7**: Several smaller companies including Affimed NV (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=AFMD\">AFMD<\/a>), Digital Ally (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=DGLY\">DGLY<\/a>), and Datametrex AI (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=DTMXF\">DTMXF<\/a>)<cscitation citation_id=\"task_3__2\"><\/cscitation><\/p>\n<p>&#8211; **Later This Week**: The earnings calendar becomes more active with larger companies reporting in the coming days, potentially providing insight into how businesses are adapting to the new tariff environment<\/p>\n<p>&#8211; **Next Week**: Major financial institutions JPMorgan Chase (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=JPM\">JPM<\/a>) and Wells Fargo (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=WFC\">WFC<\/a>) will lead the official start of earnings season during the second full week of April<cscitation citation_id=\"task_3__3\"><\/cscitation><\/p>\n<p>Analysts at FactSet estimate a year-over-year earnings growth rate of 7.3% for S&#038;P 500 companies, which would mark the seventh straight quarter of earnings growth for the index.<cscitation citation_id=\"task_3__3\"><\/cscitation> However, these projections may be revised downward as companies assess the impact of tariffs.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Economic_Outlook_and_Federal_Reserve_Response\"><\/span>Economic Outlook and Federal Reserve Response<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The economic outlook has deteriorated significantly in recent days. Goldman Sachs economists have raised the odds of a U.S. recession this year to 45%, citing the combination of &#8220;larger tariffs, greater policy uncertainty, declining business and consumer confidence, and messaging from the administration indicating greater willingness to tolerate near-term economic weakness.&#8221;<cscitation citation_id=\"task_1__2\"><\/cscitation><\/p>\n<p>Markets are now pricing in 125 basis points of interest rate cuts by the Federal Reserve before year-end, equivalent to five quarter-point reductions, as investors anticipate the central bank will need to respond to economic weakness.<cscitation citation_id=\"task_1__1\"><\/cscitation><\/p>\n<p>However, Fed Chair Jerome Powell indicated on Friday that the central bank is not rushing to cut rates. Powell expressed concern about the tariffs&#8217; potential inflationary impact as well as their effect on growth, stating, &#8220;It is too soon to say what will be the appropriate path for monetary policy.&#8221;<cscitation citation_id=\"task_1__3\"><\/cscitation><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Looking_Ahead_What_Investors_Should_Watch\"><\/span>Looking Ahead: What Investors Should Watch<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>As markets continue to digest the implications of the new tariff policies, several key factors will influence trading in the coming days:<\/p>\n<p>1. **Administration Statements**: Any indication that President <a href=\"https:\/\/thestockmarketwatch.com\/live\/trump-stock-market\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Trump\">Trump<\/a> might soften his tariff stance could provide relief to markets. So far, the president has remained firm, stating on Sunday: &#8220;I don&#8217;t want anything to go down. But sometimes you have to take medicine to fix something.&#8221;<cscitation citation_id=\"task_2__2\"><\/cscitation><\/p>\n<p>2. **International Responses**: Further retaliatory measures from trading partners could exacerbate market concerns. China has already announced 34% tariffs on all U.S. exports, and the European Union is preparing targeted countermeasures on up to $28 billion of U.S. imports.<cscitation citation_id=\"task_2__2\"><\/cscitation><\/p>\n<p>3. **Earnings Guidance**: As companies begin reporting first-quarter results, their forward guidance will be crucial in assessing the potential long-term impact of tariffs on corporate profitability.<\/p>\n<p>4. **Federal Reserve Communications**: Additional comments from Fed officials could provide insight into how monetary policy might respond to the changing economic landscape.<\/p>\n<p>The coming days will be critical as investors attempt to gauge whether the current market turbulence represents a buying opportunity or the beginning of a more prolonged downturn. With tariffs set to take effect soon and global retaliation mounting, market volatility is likely to persist in the near term.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Major Market Indexes Struggle as Tariff Concerns Persist As of midday on Monday, April 7, 2025, U.S. markets continue to 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