FX.co ★ US Stocks Trim Losses

During the year's initial quadruple witching, US stocks experienced turbulence as Wall Street contended with significant uncertainty stemming from a major options expiration event and ongoing trade tensions. The S&P 500 declined by 0.2%, the Dow Jones dropped by 50 points, and the Nasdaq remained relatively unchanged. Although President Trump suggested there would be some "flexibility" in his reciprocal tariff strategy, he still insisted on proceeding with the planned duties. Investors also grappled with mixed signals from the Federal Reserve and uncertainty regarding Trump's tariffs set for April 2, which have clouded corporate forecasts. A recovery in large-cap stocks helped mitigate earlier losses, with Tesla gaining 3.8%, though Nvidia saw a 1% decline. Concurrently, FedEx experienced an 8% slump after revising its earnings outlook due to industrial vulnerabilities, and Nike's shares decreased by 5% following disappointing sales forecasts. Both the S&P 500 and Nasdaq, which entered a correction phase amid a challenging start to 2025, are striving to end their four-week losing streak.