The Rundown Market Sell-Off Deepens, Nasdaq Approaches Bear Territory
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Apr 4, 2025 Investors are on edge as Trump's tariffs trigger a market sell-off, driving the S&P 500 and Nasdaq downward. Amid fears of a looming trade war with China, the likelihood of a recession is rising, despite a positive jobs report. The semiconductor sector is buzzing over TikTok's ownership issues and MP Materials' stock surge due to export restrictions. Excitement builds for the upcoming Nintendo Switch 2 launch, promising strong sales amidst uncertainty, while upcoming earnings reports could sway market trends.
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Market Sell-Off
- The stock market had its worst day since 2020, dropping trillions in value.
- This sell-off was triggered by Trump's tariffs and worsened by retaliatory tariffs from other countries.
Economic Outlook
- Despite a better-than-expected March jobs report, concerns remain about the impact of tariffs.
- The market expects a potential recession due to the tariffs.
Intel and TSMC Joint Venture
- Intel and TSMC are in talks for a joint venture, with TSMC potentially sharing manufacturing techniques.
- This move could shake up the semiconductor industry and potentially benefit Intel, who has been struggling.