• US Stock Market Experiences Mixed Performance Amid Tariff Concerns and Fed Uncertainty

  • Apr 17 2025
  • Duración: 3 m
  • Podcast

US Stock Market Experiences Mixed Performance Amid Tariff Concerns and Fed Uncertainty

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  • On April 17, 2025, the US stock market exhibited mixed performance as it attempted to recover from the previous day's sell-off. The Dow Jones Industrial Average dropped by 1.2 percent, or 500 points, primarily due to UnitedHealth's significant profit forecast cut, which sent its shares plummeting 18 percent. This also affected other health insurers, with Humana down 8 percent, CVS Health down 6 percent, and Centene down 4 percent.

    In contrast, the S&P 500 and the Nasdaq Composite were slightly up, with the S&P 500 gaining 0.3 percent and the Nasdaq Composite rising 0.1 percent. Large-cap technology stocks were mixed, with Apple, Alphabet, Meta Platforms, and Tesla seeing slight gains, while chipmakers Nvidia and Broadcom were down 1.5 percent and 0.5 percent, respectively.

    Taiwan Semiconductor Manufacturing Co. saw its shares rise 2 percent after reporting better-than-expected quarterly results and maintaining its revenue guidance despite tariff uncertainties. Netflix shares were up 0.5 percent ahead of its highly anticipated earnings report scheduled for after the market close.

    Eli Lilly's shares jumped 16 percent, leading the S&P 500 gainers, following a successful late-stage trial of a weight loss pill. Oil and gas producer Diamondback Energy and oilfield services company Baker Hughes rose 4 percent and 2 percent, respectively, as oil prices continued to gain.

    Key factors driving the market direction include lingering concerns about tariffs and the economic outlook, as well as comments from Federal Reserve Chair Jerome Powell. Powell stated that the tariffs imposed by the Trump administration would increase inflation and lower economic growth, posing challenges for the central bank's interest rate policy.

    In terms of economic data, retail sales in March increased by 1.4 percent, slightly above the consensus estimate, and core retail sales excluding auto sales rose 0.5 percent. Industrial production for March declined by 0.3 percent, and capacity utilization was at 77.8 percent.

    Looking forward, pre-market futures indicated a mixed start for the next trading day, though US markets will be closed on Friday for Good Friday. Important upcoming earnings releases include Netflix's report, which is highly anticipated. Potential market catalysts include ongoing tariff uncertainties and the impact of Federal Reserve policy decisions on interest rates.

    The yield on the ten-year Treasury note was at 4.29 percent, up from 4.28 percent the previous day, and gold futures were slightly down after hitting a record high earlier in the day, reflecting investors' search for safe havens amid economic concerns.
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