U.S. stocks decline on renewed tariff concerns, technology shares lead selloff while blue-chip stocks are more resilient. VIX jumps 8%, dollar and Treasury yields remain flat.
U.S. stock futures were trading lower on Wednesday, after advancing for three consecutive sessions. Futures of major benchmark indices were lower in premarket trading.
Piper Sandler analyst Alexander Potter noted that Tesla saw 17,400 vehicle registrations in China last week, marking its strongest weekly result of 2025.
Wall Street’s recovery from its recent technical correction paused for a breather on Tuesday, as investors awaited more clarity on tariff developments and digested a downbeat consumer confidence report.
The major indexes are higher this afternoon, shaking off a March consumer confidence reading of 92.9 -- the lowest in 12 years, and well below analyst estimates.
Meta stock was the last Magnificent Seven company to dip into the red for the year during the current market downturn, but it has since turned positive.
The market narrative for the first trading day of a new week was set very early on today: Trump suggested his formerly draconian tariff policy on virtually all U.S. trading partners would not be as harsh on April 2nd as previously advertised.
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