Stocks Slide, Anxiety Climbs

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💰Stocks Slide, Anxiety Climbs

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Stocks struggled to find footing this week, pressured by growing anxiety around escalating tariffs and economic uncertainty. Investors pulled back amid renewed fears that trade tensions could further dent corporate earnings and consumer spending. With markets in a wobble, caution remains in focus.

Let’s go.

BIG IDEA 1💡
Tariffs and Turbulence Take Center Stage

Markets Lose Grip

• S&P 500 Gives Back Gains: The index closed down 0.2%, unable to hold early optimism amid trade uncertainty.

• Dow Drops 156 Points: Continued investor nervousness around tariffs caused broader selling in the industrial average.

• Nasdaq Drifts Lower: Big tech couldn’t resist downward pressure as well, closing down by 0.1%.

Health Care & Consumer Stocks Hit

• Pharma Under Pressure: Trump administration’s tariff threats on pharmaceuticals dragged Moderna and Molina Healthcare stocks down.

• Retailers on Edge: Consumer stocks slipped as investors braced for higher costs and reduced consumer spending.

• Market Anxiety High: Analysts warn ongoing tariff uncertainty could further dent investor confidence.

China’s GDP Beats, but Tensions Rise

• Strong Numbers, Weak Outlook: China’s GDP grew 5.4% YoY, but slowing quarter-on-quarter growth signals caution.

• Boeing Grounded: Shares fell 2.5% after China halted jet deliveries, a direct response to escalating trade tensions.

• Stimulus Ahead: China ramps up economic support as it braces for prolonged tariff impacts.

BIG IDEA 2💡
Tech Shaken, Banks Solid, Crypto Gains Ground

Crypto Gains on Policy Buzz

• Bitcoin Boosted: Rose 2% after reports surfaced that tariff revenue might fund federal crypto reserves.

• XRP ETF Momentum: XRP gained 1.7%, emerging as a likely frontrunner for SEC approval, ahead of SOL and DOGE.

• Mixed Altcoin Reactions: Ethereum and Cardano softened, while Polygon and Solana showed resilience.

Some investors are looking beyond Bitcoin, exploring alternative digital assets with unique upside potential.

Nvidia’s $5.5B Shock to Tech

• Export Hit: Nvidia announced a massive $5.5 billion charge due to new U.S. chip export restrictions.

• After-Hours Plunge: Shares fell sharply by 6%, dragging chip peers AMD, Intel, and TSMC lower.

• Strategic Setback: Analysts label this a major strategic challenge amid Nvidia’s ambitious U.S.-based AI investments.

Banks Shine Amid Earnings Storm

• Bank of America Surges: Shares rose over 3% on higher net interest income and booming trading revenue.

• Citigroup Strong: Beat expectations, boosted by trading volatility tied to tariff uncertainties.

• Fed Watch Intensifies: Investors await Fed Chair Jerome Powell’s comments, seeking clues on rate policy amid economic uncertainties.

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HEADLINE ROUNDUP🤠
Our 5 Favorite Stories

1. CNBC S&P 500 falls marginally Tuesday as tariff volatility subsides

2. Europe stocks end 1.6% higher; real estate, banks lead gains on hopes of Trump tariff relief

3. Emerging markets’ unexpected outperformance after “liberation day”

4. Tokyo has 'many cards' to play in U.S. tariff negotiations

5. Gold Climbs to Record as Expanding Trade War Aids Haven Demand

INFLATION REPORT💸
Today’s Inflation Rate: 2.35% (fell sharply 😃)