Live Updates
Updates appear automatically as they are published.
Roller Coaster Ride
Stocks remain under pressure as of mid-morning trading, including a 3.2% drop in the tech-heavy Nasdaq Composite after yesterday’s historic performance. The easing tariffs have failed to lift market sentiment today.
Used-car platform CarMax (NYSE: KMX) is falling 14% after a disappointing fiscal Q4 earnings print.
Taiwan Semi (TSMC) is falling by 3%.
Trump Media (Nasdaq: DJT) is falling 1%.
U.S. Steel (NYSE: X) is falling by 7.3%.
The markets opened in a sea of red on the heels of yesterday’s historic rally. Today these skittish markets are taking back some of those gains after investors followed President Trump’s advice to buy the dip. Despite tariff relief, all three of the major stock market averages went south, with Big Tech names dragging the Nasdaq Composite lower. Most sectors of the economy were under pressure in early trading, including declines of over 3% each in energy and tech.
Amazon (Nasdaq: AMZN) is down 3% this morning. Amazon CEO Andy Jassy said on CNBC that the current market environment could be a tailwind for acquisitions. He also believes sellers on the e-commerce platform would pass along tariff costs to consumers. The company continues to invest heavily in AI.
The markets has the opportunity to shift their attention from tariffs to inflation this morning. In a dose of good news, the Labor Department’s latest inflation print came in cooler than expected, with consumer prices easing to 2.4% in the 12-month stretch leading up to March, compared with economists expectations of 2.6%. On a monthly basis, the CPI declined by 0.1% last month after climbing higher by 0.2% in February, a welcome shift. Historically, March inflation generally increases, with this year marking a notable shift in the trend.
Dow Jones Industrial Average: Down 706.27 (-1.74%)
Nasdaq Composite: Down 478.08 (-2.7%)
S&P 500: Down 117.81 (-2.16%)
Market Movers
Tesla (Nasdaq: TSLA) stock is off 5% today. The company has begun selling its EVs in Saudi Arabia where it is hoping to drive a social shift in the oil-rich Kingdom that is dependent on fossil-fueled powered vehicles.
Cognizant Technology Solutions (Nasdaq: CTSH) is falling by 3% today after inking a partnership deal with OMRON’s automation business products. With a market cap of $34.8 billion, CTSH pays a dividend yield of 1.8%.
Energy stocks are also under pressure, including Constellation Energy (Nasdaq: CEG), which is falling by 3.5% today. The stock is up over 10% in the past five days and is experiencing profit taking today though it remains above the $200 threshold.
The post Live Nasdaq Composite: AMZN (Nasdaq: AMZN), CEG (Nasdaq: CEG) Fall in Sea of Red appeared first on 24/7 Wall St..
Click this link for the original source of this article.
Author: Gerelyn Terzo
This content is courtesy of, and owned and copyrighted by, https://247wallst.com and its author. This content is made available by use of the public RSS feed offered by the host site and is used for educational purposes only. If you are the author or represent the host site and would like this content removed now and in the future, please contact USSANews.com using the email address in the Contact page found in the website menu.
