Stock market today: Dow, S&P 500, Nasdaq trim gains after tech's tariff reprieve bounce fizzles

Key Points

  • US stocks trimmed early gains as investors focused on tech's temporary reprieve from tariffs.
  • Apple shares jumped after being excluded from tariffs, but uncertainty remains high.
  • The market rally faded by midday, with major indexes trimming gains.
  • Unemployment concerns are rising among American workers due to tariff uncertainties.
  • Goldman Sachs reported a profit increase, but warned of a challenging operating environment.

Summary

US stocks experienced a volatile trading session on Monday, with early gains being trimmed as investors reacted to the temporary reprieve from President Trump's tariffs on tech products. The S&P 500 rose by 0.3%, while the Nasdaq, after initially gaining nearly 2%, hovered near the flatline. Apple shares surged following the news that smartphones, computers, and other electronics were excluded from the tariffs, but the market mood shifted as conflicting statements from Trump and his administration sowed confusion. The major indexes had their best week since 2023, marked by significant volatility. Amidst this uncertainty, concerns about unemployment are rising, with fears reaching levels last seen during the pandemic. Meanwhile, companies like Goldman Sachs reported profit increases but cautioned about the challenging economic environment ahead due to ongoing tariff uncertainties.

yahoo
April 14, 2025
Stocks
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