WEEKLY PODCAST

MARKETS – SOME SEE RED – OTHERS SEE OPPORTUNITY

https://www.howestreet.com/2025/04/markets-some-see-red-others-see-opportunity-mark-leibovit/

US Market Commentary
Ongoing Tensions Between U.S., China Lead To Sharp Pullback On Wall Street

Following an historic rally over the course of Wednesday’s session, stocks showed a substantial move back to the downside during trading on Thursday. The major averages all posted steep losses but remain well off their recent lows.

The major averages ended the day off their worst levels but still sharply lower. The Nasdaq plunged 737.66 points or 4.3 percent to 16,387.31, the S&P 500 tumbled 188.85 points or 3.5 percent to 5,268.05 and the Dow slumped 1,014.79 points or 2.5 percent to 39,593.66.

The sharp pullback on Wall Street came as traders looked to cash in on the spike seen in afternoon trading on Wednesday after President Donald Trump announced a 90-day pause on new “reciprocal tariffs.”

Ongoing concerns about rising trade tensions between the U.S. and China also weighed on the markets, as Trump excluded the country from the pause and even raised the tariff on Chinese goods to 125 percent.

Uncertainty about what will happen between now and the end of the […]

WEEKLY PODCAST – NEXT RECORDING THURSDAY!

https://www.howestreet.com/2025/04/market-meltdown-will-lead-to-great-buying-opportunities-mark-leibovit/

U.S. Stocks Skyrocket As Trump Announces 90-Day Tariff Pause

Following the nosedive seen over the past several sessions, stocks showed an astonishingly strong move back to the upside during trading on Wednesday. The major averages all moved sharply higher, posting their biggest one-day gains in years.

The major averages saw continued strength late in the day, reaching new highs for the session. The Nasdaq soared 1,857.06 or 12.2 percent to 17,124.97, the S&P 500 spiked by 474.13 points or 9.5 percent to 5,456.90 and the Dow surged 2,962.86 points or 7.9 percent to 40,608.45.

Stocks showed a lack of direction early in the day but skyrocketed after President Donald Trump announced a 90-day pause on new “reciprocal tariffs” on most countries to allow for negotiations.

White House press secretary Karoline Leavitt told reporters that tariffs would be brought down to a “universal 10 percent” level during the 90-day pause.

With the rally, the major averages offset a huge chunk of the nosedive seen in the days after Trump initially announced the new tariffs last Wednesday.

“The stock market rebound is a combination of […]