U.S. White House Press Secretary Karoline Leavitt confirmed that U.S. President Donald Trump will unveil reciprocal tariffs targeting specific countries on Wednesday. On the news, U.S. stocks experienced a bumpy ride on Monday, initially plunging before staging a late recovery.

The Nasdaq briefly busted below 17,000, tumbling as much as 468 points, but closed down just 23 points or 0.1% at 17,299. The DJIA, after an early plunge of 435 points, rebounded strongly to close up 417 points or 1% at 42,001. The S&P 500 hit a six-month low during the day but ended with a gain of 30 points or 0.6%, finishing at 5,611.

Tesla (TSLA.US) saw its stock drop 1.7% after a fire at its Rome, Italy store destroyed 17 vehicles, an incident founder Elon Musk labeled as a terrorist act. NVIDIA (NVDA.US), Amazon (AMZN.US), and Microsoft (MSFT.US) also subsided by approximately 1% each.

The 1Q25 concluded with the Nasdaq logging a cumulative slump of over 10%, marking its steepest quarterly correction since 2Q22. The S&P 500 slid 4.6% in aggregate for the quarter, snapping a five-quarter winning streak, while the DJIA shed 1.3% in total.

For the full month of March, the S&P 500 slipped by about 6%, its worst monthly performance since December 2022, while the Nasdaq plummeted 8.2% and the DJIA dived 4.2% in combined.
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AAStocks Financial News
Web Site: www.aastocks.com

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