U.S. stock futures were swinging between gains and losses on Tuesday after a mixed session on Monday. Futures of major benchmark indices were mixed in premarket trading.



President Donald Trump&#8216;s &#8220;Liberation Day&#8221;, the term he&#8217;s used for April 2nd, the day of incoming reciprocal tariffs, preceded a drop in stock prices.



S&amp;P 500 declined by 4.59% for the first quarter of 2025, whereas the Nasdaq 100 was down over 10%.



With the 10-year Treasury yield at 4.18% and the two-year at 3.87%, the CME Group's FedWatch <a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">tool </a>shows markets pricing in an 86.8% likelihood of the Federal Reserve maintaining current interest rates through its May meeting.



<figure class="wp-block-table is-style-stripes"><table style="overflow:auto; height: 90px; display: block;"><tbody><tr><td>Futures</td><td>Change (+/-)</td></tr><tr><td>Nasdaq 100</td><td>0.03%</td></tr><tr><td>S&amp;P 500</td><td>-0.11%</td></tr><tr><td>Dow Jones</td><td>-0.21%</td></tr><tr><td>Russell 2000</td><td>-0.15%</td></tr></tbody></table></figure>



The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, were mixed in premarket on Tuesday. The SPY was down 0.17% to $558.43, while the QQQ advanced 0.071% to $469.00, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.



Cues From Last Session:



Consumer staples, financials, and utilities led the S&amp;P 500 gains on Monday, while consumer discretionary stocks declined.



Overall, U.S. stocks were mixed; the Dow rose over 400 points amidst Trump&#8217;s tariff concerns, but the Nasdaq fell due to drops in Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) and Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>).



March saw significant declines for major indices, with the S&amp;P 500 down 5.8%, the Nasdaq 8.2%, and the Dow 4.2%. Quarterly, the Nasdaq fell 10.4%, and the Dow lost 1.3%.



Economic data showed a rise in the Chicago PMI but a decline in the Dallas Fed&#8217;s manufacturing index.



<figure class="wp-block-table is-style-stripes"><table style="overflow:auto; height: 90px; display: block;"><tbody><tr><td>Index</td><td>Performance (+/-)</td><td>Value</td></tr><tr><td>Nasdaq Composite</td><td>-0.14%</td><td>17,299.29</td></tr><tr><td>S&amp;P 500</td><td>0.55%</td><td>5,611.85</td></tr><tr><td>Dow Jones</td><td>1.00%</td><td>42,001.76</td></tr><tr><td>Russell 2000</td><td>-0.56%</td><td>2,011.91</td></tr></tbody></table></figure>



Insights From Analysts:



After the S&amp;P 500 index declined 4.59% in the first quarter, marking its largest quarterly underperformance against global markets in 37 years, Ryan Detrick, the chief market strategist at Carson Research, cited historical data in his latest X post and stated that &#8220;April does better after a weak Q1.&#8221;



The average return in April stood at 3.1% after a poor first quarter, however, the average return for the full year after a bad first quarter stood at just 6.6%.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The good news? April does better after a weak Q1. The bad news? The rest of the year is weaker across the board after a weak Q1. <a href="https://t.co/HB069IYWiM">pic.twitter.com/HB069IYWiM</a>&mdash; Ryan Detrick, CMT (@RyanDetrick) <a href="https://twitter.com/RyanDetrick/status/1906932587127615987?ref_src=twsrc%5Etfw">April 1, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



On the other hand, Stephanie Link, the chief investment strategist and head of investment solutions at Hightower Advisors, said, &#8220;I'm buying.&#8221;



According to her U.S. was not in a recession, the consumer sentiment was in a better shape, and the jobs, wages, and savings were higher.



&#8220;Not all is perfect, but corporate EPS will be better than the long-term average of 5%,&#8221; she said, making a case to buy more. Her top picks were Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), NextEra Energy Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEE#NYSE">NEE</a>), Target Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TGT#NYSE">TGT</a>), and Greystone Housing Impact Investors LP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GHI#NYSE">GHI</a>).



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/search?q=%24SPX&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$SPX</a> ended Q -4.6% w worst performance in 3 yrs w tech down double that. I'm buying &#8211; we are not in a recession, the consumer is in better shape vs prior slowdowns w solid jobs, wages and savings. Not all is perfect but corporate EPS will be better than the long term average…&mdash; Stephanie Link (@Stephanie_Link) <a href="https://twitter.com/Stephanie_Link/status/1906860917519704402?ref_src=twsrc%5Etfw">April 1, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Despite investor fears surrounding potential tariffs from Trump&#8217;s upcoming announcement, Fundstrat&#8217;s Tom Lee predicts a <a href="https://www.benzinga.com/25/03/44577203/tom-lee-says-markets-are-deeply-oversold-expects-bitcoin-to-lead-rebound-as-investors-fear-trumps-tariff-impact">market rebound</a>, arguing that markets are oversold and pricing in only worst-case scenarios. He believes the high anxiety among fund managers is excessive and that post-announcement, increased market visibility will alleviate selling pressure, with Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) potentially leading the recovery. 



See Also: <a href="https://www.benzinga.com/money/how-to-trade-futures">How to Trade Futures </a>



Upcoming Economic Data



Here&#8217;s what investors will keep an eye on Tuesday:



<ul>
<li>Richmond Federal Reserve President Thomas Barkin will speak at 9:00 a.m. ET.</li>
</ul>



<ul>
<li>March&#8217;s S&amp;P final U.S. manufacturing PMI will be out by 9:45 a.m. ET.</li>
</ul>



<ul>
<li>February&#8217;s construction spending, job openings, and March&#8217;s ISM manufacturing data will be released by 10:00 a.m. ET and the time for auto sales data is yet to be determined.</li>
</ul>



Stocks In Focus:



<ul>
<li>Ultralife Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ULBI#NASDAQ">ULBI</a>) jumped 3.72% in premarket on Tuesday ahead of its earnings after the closing bell. Analysts expect a quarterly earnings of $3.22 per share on revenue of $2.34 million.</li>
</ul>



<ul>
<li>nCino Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NCNO#NASDAQ">NCNO</a>) was up 2.37% as Wall Street expects it to report a quarterly earnings of 19 cents per share on revenue of $140.84 million after the closing bell.</li>
</ul>



<ul>
<li>Sportsman&#8217;s Warehouse Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPWH#NASDAQ">SPWH</a>) was 2.61% higher ahead of its earnings after the closing bell. Analysts expect a quarterly earnings of 6 cents per share on revenue of $329.61 million.</li>
</ul>



<ul>
<li>Allarity Therapeutics Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALLR#NASDAQ">ALLR</a>) climbed 7.80% after reporting FY24 financial results and beating its earnings expectations.</li>
</ul>



<ul>
<li>Xpeng Inc. ADR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPEV#NYSE">XPEV</a>) advanced 2.80% after achieving 33,205 Smart EV deliveries, representing a 268% surge year-over-year, and topping 30,000 units for the fifth month in a row. For the first quarter, the company delivered 94,008 Smart EVs, representing a 331% year-over-year surge.</li>
</ul>



<ul>
<li>PVH Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PVH#NYSE">PVH</a>) surged 15.87% after reporting quarterly earnings of $3.27 per share, which beat the analyst consensus estimate of $3.21. Quarterly revenue came in at $2.37 billion, which beat the analyst consensus estimate of $2.33 billion.</li>
</ul>



<ul>
<li>bioAffinity Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIAF#NASDAQ">BIAF</a>) skyrocketed 136.31% after its revenue soared 270% to $9.4 million in 2024, driven by a 1,400% increase in CyPath Lung orders due to wider physician adoption and Medicare coverage.</li>
</ul>



<ul>
<li>Microvast Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MVST#NASDAQ">MVST</a>) gained 29.91% after it hit a record $379.8 million in FY24 revenue, a 23.9% year-over-year increase, with fourth quarter revenue also reaching a record $113.4 million.</li>
</ul>



<ul>
<li>Cloudastructure Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSAI#NASDAQ">CSAI</a>) rose 36.26% after reporting strong financial results for 2024, with revenue surging 125% year-over-year to $1.4 million. The company achieved broad-based growth across all segments.</li>
</ul>



<ul>
<li>Sonim Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SONM#NASDAQ">SONM</a>) zoomed 17.29% as it saw fourth quarter revenue up 12% to $15 million, but FY24 revenue dropped 38% to $58.3 million due to a strategic shift. Key 2024 wins include new product launches and significant enterprise deals.</li>
</ul>



Commodities, Gold, And Global Equity Markets:



Crude oil futures were trading lower in the early New York session by 0.39% to hover around $71.20 per barrel.



Gold Spot US Dollar advanced 0.27% to hover around $3,132.53 per ounce. Its fresh record high stood at $3,149.03 per ounce. The U.S. Dollar Index spot was lower by 0.02% at the 104.188 level.



Asian markets closed on a higher note on Tuesday, except India&#8217;s BSE Sensex index. China&#8217;s CSI 300, Hong Kong's Hang Seng, South Korea's Kospi, Japan's Nikkei 225, and Australia's ASX 200 index advanced. European markets were mostly higher in early trade.



Read Next:



<ul>
<li><a href="https://www.benzinga.com/general/market-summary/25/04/44579361/charlie-mungers-top-pick-costcos-golden-touch-gold-prices-soar-58-outpacing-spy-since-it-s">Charlie Munger&#8217;s Top Pick Costco&#8217;s Golden Touch: Gold Prices Soar 58%, Outpacing SPY Since It Started Selling Gold 33 Months Ago</a></li>
</ul>



Photo courtesy: Shutterstock

Analyst Color

Earnings

Equities

Government

Macro Economic Events

Market Summary

News

Broad U.S. Equity ETFs

Guidance

Futures

Treasuries

Economics

Federal Reserve

Pre-Market Outlook

Markets

Analyst Ratings

ETFs

$BTC

ALLR

BIAF

CSAI

MVST

NCNO

NVDA

SONM

SPWH

TSLA

ULBI

XPEV

US Stocks Likely To Open Mixed After Disappointing Q1 Performance: 'April Does Better After A Weak Q1,' Says Expert

On Monday, Chinese electric vehicle company XPeng Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPEV#NYSE">XPEV</a>) announced its vehicle delivery results for March and the <a target="_blank" href="https://www.benzinga.com/pressreleases/25/03/g44575805/xpeng-announces-vehicle-delivery-results-for-march-and-first-quarter-2025" rel="noreferrer noopener">first quarter of 2025</a>.



In March, XPeng delivered 33,205 Smart EVs, implying a 268% growth, surpassing 30,000 units for the fifth consecutive month.



For the first quarter of 2025, XPeng delivered 94,008 Smart EVs, a 331% increase over last year.



Also Read: <a target="_blank" href="https://www.benzinga.com/25/03/44492590/alibaba-and-bmw-team-up-to-bring-ai-powered-smart-assistant-to-next-gen-cars-in-china" rel="noreferrer noopener">Alibaba, BMW Team Up To Bring AI-Powered Smart Assistant In Next-Gen China Cars</a>



On March 13, 2025, at its Spring 2025 Launch conference, XPeng launched 2025 versions of the XPeng G6 and XPeng G9.



Both upgraded versions come standard with 5C AI batteries and Turing AI-powered smart driving features across all trims.



In March 2025, XNGP&#8217;s monthly active user penetration rate in urban driving reached 86%. At the same time, XPeng expanded its global presence by entering the Indonesian market.



Li Auto Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>) <a target="_blank" href="https://www.benzinga.com/pressreleases/25/04/g44579335/li-auto-inc-march-2025-delivery-update" rel="noreferrer noopener">announced on Tuesday it delivered</a> 36,674 vehicles in March 2025, marking a 26.5% growth. This brought its first-quarter deliveries to 92,864, up by 15.5%. As of March 31, 2025, Li Auto&#8217;s cumulative deliveries reached&nbsp;1.226 million.



As of March 31, 2025, the company had 500 retail stores in 150 cities, 502 servicing centers, and Li Auto-authorized body and paint shops in 225 cities. It also had 2,045 supercharging stations in China equipped with 11,038 charging stalls.



NIO Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>) announced it delivered 15,039 vehicles in March 2025, representing a <a target="_blank" href="https://www.benzinga.com/pressreleases/25/04/g44579887/nio-inc-provides-march-and-first-quarter-2025-delivery-update" rel="noreferrer noopener">growth of 26.7%</a>. The deliveries comprised 10,219 vehicles from its premium smart electric vehicle brand NIO and 4,820 from the company&#8217;s family-oriented smart electric vehicle brand ONVO. The company delivered 42,094 vehicles in the first quarter of 2025, marking a growth of 40.1%. Cumulative deliveries reached 713,658 as of March 31, 2025.



XPeng stock surged 167% in the last 12 months. The EV company reported <a target="_blank" href="https://www.benzinga.com/news/earnings/25/03/44373548/teslas-china-rival-xpeng-delivers-over-91500-evs-in-q4-eyes-massive-growth-in-q1" rel="noreferrer noopener">fourth-quarter revenue</a> growth of 23.4% to 16.11 billion Chinese Yuan ($2.21 billion), topping the&nbsp;consensus estimate&nbsp;of&nbsp;16.02 billion Chinese Yuan. Quarterly vehicle deliveries&nbsp;rose 52.1% to 91,507, backed by its sales network of 690 stores and 1,920 charging stations.



The company expects revenue of 15 billion Chinese Yuan-15.7 billion Chinese Yuan, compared to the consensus of 14.684 billion Chinese Yuan. XPeng and long-term partner German automaker&nbsp;Volkswagen AG (OTC:<a class="ticker" href="https://www.benzinga.com/stock/VWAGY#OTC">VWAGY</a>) plans to build a <a target="_blank" href="https://www.benzinga.com/25/01/42807958/xpeng-volkswagen-to-jointly-build-super-fast-ev-charging-network-in-china" rel="noreferrer noopener">super-fast charging network</a> in China.



Meanwhile, Li Auto and Nio stocks lost 18% in the last 12 months. Nio <a target="_blank" href="https://www.benzinga.com/markets/equities/25/03/44452057/teslas-chinese-rival-nio-warns-of-disappointing-q1-results-deliveries-revenue-set-to-miss-estimates" rel="noreferrer noopener">continues to face</a> challenges in achieving full-year profitability, primarily due to high research and development expenses and significant operational costs.



Price Action: XPEV stock is up 3.09% at $21.36 premarket at the last check Tuesday.



Also Read:



<ul>
<li><a href="https://www.benzinga.com/25/03/44568964/amd-powers-oracle-cloud-with-new-epyc-chips-promising-major-boost-in-performance" target="_blank" rel="noreferrer noopener">AMD Powers Oracle Cloud With New Epyc Chips Promising Major Boost In Performance</a></li>
</ul>



Photo via Shutterstock.

Movers

VWAGY

China's XPeng Clocks Record Q1 EV Sales, Deliveries Surge 3.6X

Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) appears to be locked in <a href="https://www.benzinga.com/markets/cryptocurrency/25/03/44476199/would-a-recession-be-bullish-or-bearish-for-bitcoin">a mini bear market</a>, with weak technical signals, fading momentum, and a lack of fresh catalysts weighing heavily on price action, according to a Tuesday market note from 10x Research.



What Happened: In the report, the firm said Bitcoin is currently trading below its key trend model level of $88,000—an indicator they consider crucial for gauging bull versus bear cycles.



"There's little doubt from on-chain data that Bitcoin is in at least a mini-bear market," 10x Research wrote, adding that without a turnaround in momentum, "that remains the base case."



While some short-term technical indicators briefly hinted at a relief rally, the bounce stalled at $88,500 and has since reversed. 



Bitcoin also remains below its 21-week moving average, a widely-used long-term trend signal. 



One of the firm's most reliable metrics—the short-term holder realized price, now near $93,000—has acted as stiff resistance. 



The rejection at this level suggests traders are exiting breakeven positions, further reinforcing bearish pressure.



On-chain data also supports this cautious outlook. 



Funding rates remain depressed, signaling reduced risk appetite, while retail investor activity has plummeted—particularly after losses in <a href="https://www.benzinga.com/25/03/44555553/will-the-greatest-of-them-all-trump-memecoin-make-its-way-to-trump-media-etfs-polymarket-bettors-think-its-unlike">meme tokens like</a> Trump (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">TRUMP</a>).



"Confidence took a major hit when retail lost billions," the report noted, with exchange listings near peak prices providing exit liquidity for insiders.



ETF outflows have now continued for a second consecutive month. Hedge funds that previously executed arbitrage trades using <a href="https://www.benzinga.com/money/best-spot-bitcoin-etfs">Bitcoin ETFs</a> are pulling back due to low funding rates.



Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/25/03/44569369/trump-family-tightens-grip-on-defi-platform-world-liberty-financial">Trump Family Tightens Grip On DeFi Platform World Liberty Financial</a>



"Without a meaningful rise in funding rates, it's unlikely ETF inflows return to their former strength," 10x explained.



The broader macro environment offers little comfort either. While market hopes are pinned on a potential Fed rate cut <a href="https://www.benzinga.com/25/01/43319060/first-rate-cut-in-june-if-at-all-in-2025-economist-says-as-federal-reserve-holds-rates-steady">by June</a>, 10x believes it's more likely to be delayed until September due to sticky inflation and resilient labor data.



"Bitcoin is looking for real action—not just dovish talk," the note emphasized.



Political developments have also failed to ignite momentum. Despite Trump's efforts to boost sentiment—such as announcing a <a href="https://www.benzinga.com/25/04/44580634/bitcoin-is-digital-risk-not-digital-gold-asserts-peter-schiff">strategic Bitcoin reserve</a>—these moves lack legislative backing.



"Holding confiscated Bitcoins doesn't create buying pressure," the report said, suggesting that much of the recent crypto optimism has been narrative-driven rather than supported by fundamentals.



Why It Matters: Despite the bearish tone, the firm sees relative strength in Bitcoin compared to altcoins, many of which are underperforming sharply.



Their proprietary model combining total crypto market cap and Bitcoin dominance confirms this trend. 



Notably, Tron (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/trx/usd">TRX</a>) and Toncoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">TON</a>) have stood out for showing resilience in a weak market, potentially due to favorable geopolitical positioning.



In the near term, 10x expects Bitcoin to remain range-bound between $73,000 and $94,000. 



"Volatility is likely," they said, recommending selling options strategies—such as puts or calls—depending on whether price moves toward the lower or upper end of that range.



Unless a clear macro shift or bullish catalyst emerges, the outlook remains muted. 



"The current market structure is fragile," the analysts said, suggesting that their view that Bitcoin is now in a confirmed mini bear market.



Read Next: 



<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/03/44567164/circle-eyes-5-billion-valuation-for-upcoming-initial-public-offering">Circle Eyes $5 Billion Valuation For Upcoming Initial Public Offering</a></li>
</ul>



Image: Shutterstock

Cryptocurrency

$TON

$TRUMP

$TRX

Bitcoin Is In A Mini Bear Market, Says 10x Research

Two major Michigan business organizations have warned that President Donald Trump&#8216;s planned 25% tariffs on imported vehicles and parts would severely damage the state&#8217;s auto-dependent <a href="https://www.benzinga.com/25/03/44577203/tom-lee-says-markets-are-deeply-oversold-expects-bitcoin-to-lead-rebound-as-investors-fear-trumps-tariff-impact">economy and harm the working class</a>.



What Happened: The Detroit Regional Chamber and MichAuto urged the administration on Monday in a letter to halt the tariffs set to take effect on Thursday, cautioning they would cause &#8220;significant price increases&#8221; for American consumers and &#8220;profound&#8221; pain in Michigan, where one in five jobs is automotive-related.



&#8220;The tariff policies proposed will increase prices, drive down consumer demand, and therefore, lower the profitability of our companies, directly impacting the hardworking Americans who assemble the iconic vehicles,&#8221; the letter stated. 



The groups noted that Michigan houses over 1,000 automotive suppliers, many being small and medium-sized businesses with fragile balance sheets that depend on predictable supply chains. Price increases would &#8220;disproportionately&#8221; affect working-class and middle-class families, potentially causing consumers to keep older vehicles longer.



See Also:&nbsp;<a href="https://www.benzinga.com/25/03/44576728/bitcoin-ethereum-dogecoin-rise-as-trumps-foray-into-btc-mining-analyst-highlights-spike-in-one-of-the-most-important-key-stakeholder-tiers-in-crypto" target="_blank" rel="noreferrer noopener">Bitcoin, Ethereum, Dogecoin Rise As Trump Family Foray Into BTC Mining: Whale Wallet Spike ‘Slight Sign Of Confidence,' Says Analyst</a>



Why It Matters: Republican opposition to the tariffs is growing. Sen. Susan Collins (R-Maine) plans to support a resolution to terminate the national emergency declaration used to justify the tariffs, calling them &#8220;a huge mistake.&#8221; Sen.&nbsp;Rand Paul&nbsp;(R-Ky.) and Sen.&nbsp;Thom Tillis&nbsp;(R-N.C.) have <a href="https://www.benzinga.com/news/global/25/04/44578477/gop-senators-call-trumps-25-canada-tariff-a-huge-mistake-as-republican-opposition-grows-markets-fear-economic-disruption">expressed similar concerns</a>.



The Alliance for Automotive Innovation, representing General Motors Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>), Ford Motor Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>), Toyota Motor Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TM#NYSE">TM</a>), Stellantis N.V. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STLA#NYSE">STLA</a>), and others, has warned that the tariffs will increase vehicle costs for consumers.



Markets have shown volatility amid tariff uncertainty, with technology stocks like Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) driving much of the recent quarterly decline in major indexes.



Read Next:



<ul>
<li><a href="https://www.benzinga.com/media/25/03/44577045/intels-new-ceo-lip-bu-tan-says-trump-administration-ready-to-help-beleagured-chipmaker-warns-bureaucracy-kills-innovation" target="_blank" rel="noreferrer noopener">Intel's New CEO Lip-Bu Tan Says Trump Administration Ready To Help Beleaguered Chipmaker, Warns ‘Bureaucracy Kills Innovation'</a></li>
</ul>



Image via Shutterstock



Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Tech

HYMTF

STLA

Trump's 25% Tariff On Imported Vehicles Could Shatter Detroit's Auto Economy, Warns Business Leaders: 'It Will Hurt Hardworking Americans'

Leading cryptocurrencies moved up Monday after the Trump family stepped deeper into the space with a Bitcoin mining venture.



<figure class="wp-block-table"><table style="overflow:auto; height: 90px; display: block;"><tbody><tr><td>Cryptocurrency</td><td>Gains +/-</td><td>Price (Recorded at 8:30 p.m. ET)</td></tr><tr><td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td><td>+1.34%</td><td>$82,667.94</td></tr><tr><td>Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td><td>+2.03%</td><td>$1,826.46</td></tr><tr><td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td><td>+1.71%</td><td>$0.1669</td></tr></tbody></table></figure>



What Happened: The apex cryptocurrency rose to an intraday high of $83,870.12 in the early trading hours before losing steam and falling to the $82,000 range.



Ethereum hit $1,850 before reversing course and stabilizing in the early $1,800 zone.



The spike followed the launch of American Bitcoin, a new firm led in part by President Donald Trump's sons, Eric Trump and Donald Trump Jr., aiming to become the world's biggest Bitcoin mining company.



Bitcoin plunged 11.82% during the quarter, marking its worst performance since 2018. Ethereum recorded a much steeper decline at 45%.



About $224 million was liquidated from the market in the last 24 hours, with upside bets accounting for more than 50%.&nbsp;



That said, over $350 million in short positions for the BTC/USDT perpetual futures pair on Binance would be liquidated if the digital asset climbed to $85,000.



Moreover, about 51% of Binance traders were positioned short on Bitcoin, according to the Long/Short Ratio, suggesting a potential pullback.



"Fear" sentiment pervaded the market, according to the Crypto Fear and Greed Index.



Top Gainers (24-Hours)



<figure class="wp-block-table"><table style="overflow:auto; height: 90px; display: block;"><tbody><tr><td>Cryptocurrency</td><td>Gains +/-</td><td>Price (Recorded at 8:30 p.m. ET)</td></tr><tr><td>Curve DAO Token (CRV)</td><td>+8.30%</td><td>$0.5057</td></tr><tr><td>Zcash (ZEC)</td><td>+6.38%</td><td>$39.70</td></tr><tr><td>Jito (JTO)</td><td>+6.03%</td><td>$2.33</td></tr></tbody></table></figure>



The global cryptocurrency market capitalization stood at $2.67 trillion, following an increase of 0.85% over the previous day.



Major stock indexes ended Monday's session in the green. The Dow Jones Industrial Average jumped 417.86 points, or 1%, to close at 42,001.76. The S&amp;P 500 rose 0.55% to end at 5,611.85. The tech-heavy Nasdaq Composite closed 0.14% lower at 17,299.29.



The market continued to trade against the backdrop of tariff uncertainty ahead of Trump's "Liberation Day," on which <a href="https://in.benzinga.com/government/regulations/25/03/44575292/trump-to-target-dirty-15-countries-with-tariffs-which-countries-could-be-included">"reciprocal" levies would be imposed</a> on partners deemed to have unfair trade barriers against U.S. goods.



See More: <a href="https://www.benzinga.com/money/best-crypto-scanners">Best Cryptocurrency Scanners</a>



Analyst Notes: Popular blockchain analytics firm Santiment noticed a sharp spike in whale wallets, i.e., those holding between 1,000 and 10,000 BTC, amid the ongoing correction.



"There are now 1,993 Bitcoin wallets of this size, which is the highest level since December 2024," Santiment stated.&nbsp;



The firm added that a 2.6% spike in "one of the most important" key stakeholder tiers in cryptocurrency in five weeks could be taken as a "slight sign of confidence."



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">&#x1f433; Bitcoin&#39;s market value has fluctuated between $81K to $84K Monday. And while prices continue ranging as March draws to a close, whale wallets (specifically 1K-10K <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> holders) continue growing in number. There are now 1,993 <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> wallets of this size, which is the highest… <a href="https://t.co/iVYj9XdxAj">pic.twitter.com/iVYj9XdxAj</a>&mdash; Santiment (@santimentfeed) <a href="https://twitter.com/santimentfeed/status/1906790953534521689?ref_src=twsrc%5Etfw">March 31, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Meanwhile, influential cryptocurrency analyst Ali Martinez highlighted that Bitcoin traders were sitting on average unrealized losses of over 14%, which may dissuade them from selling.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> traders are sitting on an average unrealized loss of 14.57%, which may discourage them from selling! <a href="https://t.co/zUPf0t3YiV">pic.twitter.com/zUPf0t3YiV</a>&mdash; Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1906700003722330581?ref_src=twsrc%5Etfw">March 31, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Martinez said Ethereum needed to retake $2,100, followed by $2,300, to confirm a bullish trend reversal.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/hashtag/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw">#Ethereum</a> <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a> needs to reclaim $2,100, and more decisively, $2,300, to confirm a bullish trend reversal. These are the levels to watch! <a href="https://t.co/ldK5HROHvd">pic.twitter.com/ldK5HROHvd</a>&mdash; Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1906721394718859533?ref_src=twsrc%5Etfw">March 31, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Photo by SvetlanaParnikova on Shutterstock



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Bitcoin, Ethereum, Dogecoin Rise As Trump Family Foray Into BTC Mining: Whale Wallet Spike 'Slight Sign Of Confidence,' Says Analyst

The CNN Money Fear and Greed index showed a slight decline in the overall market sentiment, while the index remained in the &#8220;Extreme Fear&#8221; zone on Monday.



U.S. stocks settled mixed on Monday, with the Dow Jones index gaining more than 400 points during the session as investors assessed President Donald Trump&#8217;s tariff plans. However, the Nasdaq settled lower on Monday as shares of Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) fell 1.2% and Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) lost 1.7%.



The S&amp;P 500 declined 5.8% in March, recording its biggest monthly decline since December 2022. The Nasdaq dipped 8.2%, while the Dow tumbled 4.2% last month.



For the quarter, the S&amp;P 500 dropped, while the Nasdaq dipped 10.4%. The Dow lost 1.3% during the first three months of the year.



On the economic data front, the Chicago PMI climbed to 47.6 in March from 45.5 in the previous month and topping market estimates of 45.2. The Dallas Fed's general business activity index for Texas manufacturing fell 8 points to a reading of -16.3 in March, declining to its weakest level since July 2024.



Most sectors on the S&amp;P 500 closed on a positive note, with consumer staples, financial and utilities stocks recording the biggest gains on Monday. However, consumer discretionary stocks bucked the overall market trend, closing the session lower.



The Dow Jones closed higher by around 418 points to 42,001.76 on Monday. The S&amp;P 500 rose 0.55% to 5,611.85, while the Nasdaq Composite fell 0.14% to 17,299.29 during Monday's session.



Investors are awaiting earnings results from Ultralife Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ULBI#NASDAQ">ULBI</a>), nCino Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NCNO#NASDAQ">NCNO</a>), and Sportsman&#8217;s Warehouse Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPWH#NASDAQ">SPWH</a>) today.



At a current reading of 21.3, the index remained in the &#8220;Extreme Fear&#8221; zone on Monday, versus a prior reading of 21.7.



What is CNN Business Fear &amp; Greed Index?



The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.



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Photo courtesy: Shutterstock

Dow Surges Over 400 Points But Records Losses For March: Greed Index Remains In 'Extreme Fear' Zone

Fundstrat&#8216;s Tom Lee believes markets are poised for a rebound despite widespread investor anxiety ahead of President Donald Trump&#8216;s anticipated tariff <a href="https://in.benzinga.com/trading-ideas/long-ideas/25/03/44569453/tom-lee-sees-right-pieces-for-a-market-bottom-investors-are-a-little-too-scared-heading-into-wednesday">announcement on Wednesday</a>.



What Happened: &#8220;Markets are deeply oversold,&#8221; Lee wrote on Monday on X, adding that &#8220;too many are only pricing in &#8216;worst case'&#8221; scenarios. He said that Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) &#8220;likely leads bounce when recovery starts.&#8221;



Lee, Fundstrat&#8217;s Head of Research and Chief Investment Officer, noted high anxiety among fund managers who fear economic downturn following Trump&#8217;s Apr. 2 &#8220;Liberation Day&#8221; announcements. These concerns stem from uncertainty around tariff impacts and the Trump administration&#8217;s policies.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Sunday evening, many fund managers were calling for a deep decline into 4/2, but markets are deeply oversold &#8211; and too many are only pricing in &quot;worst case&quot; &#8211; <a href="https://twitter.com/hashtag/bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#bitcoin</a> likely leads bounce when recovery starts Great speaking to <a href="https://twitter.com/JoeSquawk?ref_src=twsrc%5Etfw">@JoeSquawk</a> <a href="https://twitter.com/BeckyQuick?ref_src=twsrc%5Etfw">@BeckyQuick</a> <a href="https://twitter.com/andrewrsorkin?ref_src=twsrc%5Etfw">@andrewrsorkin</a> on… <a href="https://t.co/DSOgaZ78uY">https://t.co/DSOgaZ78uY</a>&mdash; Thomas (Tom) Lee (not drummer) FSInsight.com (@fundstrat) <a href="https://twitter.com/fundstrat/status/1906772612367499589?ref_src=twsrc%5Etfw">March 31, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Over weekend, fund managers convos: common view "economy will tank" post-4/2 liberation day anxiety high due to: &#8211; need clarity &#8211; how much tariffs hurt &#8211; fears Trump policies Fear getting priced in. US proven itself resilient. Great talking to <a href="https://twitter.com/JoeSquawk?ref_src=twsrc%5Etfw">@JoeSquawk</a> <a href="https://twitter.com/BeckyQuick?ref_src=twsrc%5Etfw">@BeckyQuick</a>…&mdash; Thomas (Tom) Lee (not drummer) FSInsight.com (@fundstrat) <a href="https://twitter.com/fundstrat/status/1906658866756239677?ref_src=twsrc%5Etfw">March 31, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



&#8220;I think investors are a little too scared <a href="https://in.benzinga.com/trading-ideas/long-ideas/25/03/44569453/tom-lee-sees-right-pieces-for-a-market-bottom-investors-are-a-little-too-scared-heading-into-wednesday">heading into Wednesday</a>,&#8221; Lee told CNBC&#8217;s &#8220;Squawk Box&#8221; on Monday. &#8220;Post-Wednesday, markets are going to have some visibility. That allows us to take some of the selling pressure off.&#8221;



See Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/03/44571608/april-is-oils-best-month-may-second-will-prices-hit-80-before-summer" target="_blank" rel="noreferrer noopener">April Is Oil's Best Month, May Second: Will Prices Hit $80 Before Summer?</a>



Why It Matters: The market pessimism comes as the S&amp;P 500, tracked by SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>), officially entered correction territory earlier this month. The index has recorded its <a href="https://www.benzinga.com/25/03/44576937/sp-500-suffers-worst-quarterly-lag-against-global-markets-since-1988-as-tech-rout-hits-hard">largest quarterly underperformance</a> against global markets since 1988, according to Bloomberg data.



Lee countered stagflation fears, suggesting <a href="https://in.benzinga.com/trading-ideas/long-ideas/25/03/44569453/tom-lee-sees-right-pieces-for-a-market-bottom-investors-are-a-little-too-scared-heading-into-wednesday">economists may be overlooking positive factors</a>. &#8220;We might end up having better growth, so less stag, and maybe the inflation stuff is more distorting so it&#8217;s not as stagflationary,&#8221; he said.



The strategist also pointed to the Federal Reserve&#8217;s relatively dovish stance as a potential positive catalyst. Fed Chair Jerome Powell is scheduled to speak Friday following the nonfarm payrolls report.



A Benzinga poll found 48% of respondents believe markets will crash following Trump&#8217;s reciprocal tariff announcement, while 29% expect little impact and 23% <a href="https://in.benzinga.com/trading-ideas/25/03/44566164/exclusive-could-trumps-liberation-day-reciprocal-tariffs-crash-the-stock-market-48-say-this">anticipate a market rise</a>.



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Image via Shutterstock



Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Tom Lee Says Markets Are 'Deeply Oversold,' Expects Bitcoin To Lead Rebound As Investors Fear Trump's Tariff Impact

Intel Corp's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) Lip-Bu Tan made bold promises about the company's future during his first public speech as CEO on Monday, highlighting a <a href="https://www.benzinga.com/tech/25/03/44532562/intel-board-shake-up-continues-as-three-directors-exit-amid-leadership-overhaul-under-ceo-lip-bu-tan">major cultural overhaul</a> and signaling potential support from the Donald Trump administration.



What Happened: Tan, who took over as CEO earlier in March, focused on a cultural transformation at Intel, stressing the need to cut down on bureaucracy, which he believes stifles innovation, <a href="https://www.ft.com/content/bb433b2e-c236-46e7-8342-c92562c3431f">reported</a> the Financial Times.



&nbsp;&#8220;Bureaucracy kills innovation,&#8221; Tan said during the speech at a conference in Las Vegas.



He made it clear that one of his top priorities would be to recruit top talent and build stronger relationships with key customers, while simplifying Intel's operations.



See Also:&nbsp;<a href="https://www.benzinga.com/media/25/03/44508019/tesla-and-other-us-robotics-giants-demand-federal-strategy-to-compete-with-chinas-138-billion-push-warn-america-will-lose-the-race-without-it" target="_blank" rel="noreferrer noopener">Tesla And Other US Robotics Giants Demand Federal Strategy To Compete With China&#8217;s $138 Billion Push — Warn America Will Lose The Race Without It</a>



Tan also highlighted that the Trump administration is prepared to assist Intel, as the government intends to maintain U.S. semiconductor leadership.



&#8220;They are asking me: what can we help with? And definitely, I will come to get their help to do what we need to do,&#8221; Tan said, signaling a collaborative effort to strengthen the company's position in the competitive chip market.



Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.



Why It Matters: Intel's leadership has <a href="https://in.benzinga.com/tech/25/02/43680696/bill-gates-has-a-soft-spot-for-intel-but-says-the-chip-giant-has-lost-its-way-questions-whether-the-company-can-recover-after-ceo-exit-and-falling-behind-in-ai">struggled in the past few years</a>, falling behind competitors like Taiwan Semiconductor Manufacturing Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) in chip production and Nvidia Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) in AI chip development.



In his inaugural letter to shareholders, Tan spoke about aligning spending with market demand, a strategy that includes maintaining Intel&#8217;s product business and contract chip manufacturing unit, a vision initially set by former CEO Pat Gelsinger. This approach also involves cost-cutting measures, including a <a href="https://www.benzinga.com/25/03/44555938/intels-new-ceo-refuses-to-sugarcoat-the-companys-2024-performance-vows-to-align-spending-with-market-demand">15% workforce reduction</a>.



Tan&#8217;s strategy also extends to <a href="https://in.benzinga.com/25/03/44469986/intel-targets-major-foundry-clients-in-new-strategy-to-revitalize-chip-design-says-ubs">rejuvenating Intel&#8217;s chip design</a> and expanding its foundry business, with potential commitments from major clients like Nvidia and Broadcom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>).



Price Action: Intel's stock has climbed 12.31% since January, but the stock has declined almost 49% over a 12-month period, as per <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.



According to Benzinga Edge Stock Rankings, Intel (INTC) holds a 3.54% growth rating. Want to see how it compares to other companies? <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Click here</a> for the full analysis.



Check out more of Benzinga&#8217;s Consumer Tech coverage by <a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.



Image via Shutterstock



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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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