L'intérêt à découvert pour Invesco QQQ Trust, Series 1 donne aux investisseurs une idée du degré auquel les investisseurs parient sur la baisse de l'action de Invesco QQQ Trust, Series 1. Les données sur l'intérêt à découvert sont mises à jour toutes les deux semaines.

Invesco QQQ Trust, Series 1 (NASDAQ:QQQ), Rapport sur les intérêts à découvert

Invesco QQQ Trust, Series 1

Technology

Consumer Cyclical

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Consumer Defensive

Healthcare

Industrials

Basic Materials

Financial Services

Energy

Utilities

Real Estate

The Trust holds the Portfolio and cash and is not actively managed by traditional methods, which typically involve effecting changes in the Portfolio on the basis of judgments made relating to economic, financial and market considerations. To maintain the correspondence between the composition and weights of the securities in the Trust and the stocks in the Nasdaq-100 Index, the Trustee adjusts the Securities from time to time to conform to periodic changes in the identity and/or relative weights of Index Securities. The composition and weighting of the securities portion of a Portfolio Deposit are also adjusted to conform to changes in the Index. Changes to the Index are made after the close of the market

Apple Inc

Microsoft Corp

Nvidia Corp

Amazon.Com Inc

Broadcom Ltd

Meta Platforms, Inc.

Tesla Motors, Inc.

Alphabet Inc Cap Stk Cl A

Alphabet Inc

Costco Whsle Corp

Netflix.Com Inc

Poseidon Network

ProShares Nasdaq-100 Dorsey Wright Momentum ETF

Direxion Daily Magnificent 7 Bear 1X Shares

Direxion NASDAQ-100 Equal Weighted Index Shares

QUIZAM MEDIA CORP by Quizam Media Corporation

Quizam Media Corp

Pacer Nasdaq 100 Top 50 Cash Cows Growth Leaders ETF

NEOS Nasdaq-100 Hedged Equity Income ETF

NEOS Nasdaq 100 High Income ETF

Invesco NASDAQ Next Gen 100 ETF

Invesco NASDAQ 100 ETF

Victory Portfolios II VictoryShares Nasdaq Next 50 ETF

Tradr 2X Long Triple Q Quarterly ETF

Invesco NASDAQ Future Gen 200 ETF

Defiance Nasdaq 100 Income Target ETF

Direxion Daily Magnificent 7 Bull 2X Shares

Investment Managers Series Trust II TRADR 2X LONG TRIPLE Q WEEKLY ETF

Nuveen NASDAQ 100 Dynamic Overwrite Fund - Closed End Fund

Nuveen NASDAQ 100 Dynamic Overwrite Fund

Defiance Nasdaq 100 Enhanced Options & 0DTE Income ETF

President Donald Trump is preparing to announce his most expansive tariff plan to date, set to take effect on April 2 — a date he has dubbed &#8220;Liberation Day.&#8221; While specifics remain unclear, he has said the plan will impose &#8220;reciprocal tariffs&#8221; on countries deemed to have unfair trade barriers against U.S. goods, with some nations set to face steeper <a href="https://www.benzinga.com/trading-ideas/25/03/44566164/exclusive-could-trumps-liberation-day-reciprocal-tariffs-crash-the-stock-market-48-say-this">consequences than others. </a>
What To Know: Treasury Secretary Scott Bessent has hinted at targeting a subset of nations he referred to as the &#8220;Dirty 15&#8221; in a Fox Business interview on March 18. Bessent described the "Dirty 15" as the 15% of nations that account for the bulk of U.S. trading volume and impose hefty tariffs and other barriers on U.S. goods.&nbsp;
Read Next:<a href="https://www.benzinga.com/government/regulations/25/03/44517885/trump-slaps-25-tariffs-on-autos-what-it-means-for-your-next-car-purchase"> Trump Slaps 25% Tariffs On Autos: What It Means For Your Next Car Purchase</a>&nbsp;
National Economic Council Director Kevin Hassett similarly cited 10 to 15 countries responsible for the U.S.'s $1 trillion trade deficit, though neither official named specific nations.
Dirty 15: A CNBC<a href="https://www.cnbc.com/2025/03/31/trump-tariffs-dirty-15-reciprocal-retaliation.html"> report pointed</a> to 2024 data from the Department of Commerce that identified China, the EU, Mexico, Vietnam, Germany, Taiwan, Japan, South Korea, Canada, India, Thailand, Italy, Switzerland, Malaysia, Indonesia, France, Austria and Sweden.
A separate U.S. Trade representative notice flagged 21 countries in which it is "particularly interested" as part of a review of <a href="https://ustr.gov/about-us/policy-offices/press-office/press-releases/2025/february/ustr-seeks-comment-public-unfair-and-non-reciprocal-foreign-trade-practices-0">unfair trade practices</a>. The countries listed were: Argentina, Australia, Brazil, Canada, China, the EU, India, Indonesia, Japan, Korea, Malaysia, Mexico, Russia, Saudi Arabia, South Africa, Switzerland, Taiwan, Thailand, Turkey, the U.K. and Vietnam.
It remains unclear exactly which countries will be targeted in Wednesday's tariff announcements. CNBC said the White House did not respond to its request for clarification on the forthcoming tariffs or the Dirty 15.
Trump on Sunday dismissed the idea of limiting tariffs to a select group, stating the measures would &#8220;start with all countries&#8221; and lack a &#8220;cutoff.&#8221; Trump's comments contradicted earlier suggestions of a narrower focus and fueled market volatility, with global stocks sliding ahead of the announcement.
The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>), tracking the S&amp;P 500, shed 5.86% over the past month and the Invesco QQQ Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), tracking the Nasdaq 100 index, dropped 7.72% in March amid the political and economic uncertainty.  
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/news/large-cap/25/03/44537429/cathie-wood-doubles-down-on-2600-tesla-stock-price-prediction">Cathie Wood Doubles Down On $2,600 Tesla Stock Price Prediction</a></li>
</ul>
Photo: Shutterstock

Government

News

Regulations

Broad U.S. Equity ETFs

Politics

Global

Economics

ETFs

Trump To Target 'Dirty 15' Countries With Tariffs: Which Countries Could Be Included?

Stock and ETF investors, take note. <a href="https://www.benzinga.com/topic/peter-schiff">Peter Schiff </a>sees trouble ahead and he's not mincing words. The renowned investor warns that the government and financial media are &#8220;making the same mistake again&#8221; as they did before the 2008 Global Financial Crisis, Schiff wrote <a href="https://x.com/PeterSchiff/status/1906690596640600283">on</a> X.
The culprit this time? A toxic mix of tariffs, rising interest rates and misguided Federal Reserve policies that could unleash an economic firestorm.
<h2 class="wp-block-heading">Tariffs: A Recipe For Inflation, Rate Hikes</h2>
Schiff argues that tariffs won't just impact trade &#8211; they'll send shockwaves through the economy. &#8220;Tariffs mean fewer goods will come into the country, and fewer dollars will go out. More money chasing fewer goods means higher domestic prices. This is an economic certainty,&#8221; he said.
For investors, that translates to higher inflation, a weaker consumer and pressure on corporate margins.
But it doesn't stop there. &#8220;Lower trade deficits will result in fewer dollars being recycled into U.S. bonds, sending long-term interest rates higher.&#8221; With higher rates, borrowing costs rise for businesses and consumers alike, slowing growth and putting pressure on stocks—especially high-flying tech names.
Read Also: <a href="https://www.benzinga.com/economics/macro-economic-events/25/03/44309742/recession-watch-small-caps-sound-the-alarm-but-credit-markets-shrug">Recession Watch: Small Caps Sound The Alarm, But Credit Markets Shrug</a>
<h2 class="wp-block-heading">Fed To The Rescue? Not So Fast</h2>
Schiff sees the Federal Reserve making the wrong move when the economy starts showing signs of strain. &#8220;The Fed will respond to this &#8216;unexpected&#8217; economic weakness with rate cuts, ignoring the surge in consumer prices as a transitory effect of tariffs.&#8221; 
Translation? Inflation won't just persist &#8211; it could spiral. And if the Fed resorts to quantitative easing (QE) again, Schiff warns, &#8220;throwing gasoline on an already burning inflation fire&#8221; could create a crisis far worse than 1970s-style stagflation.
<h2 class="wp-block-heading">What It Means For Investors</h2>
If Schiff's prediction plays out, stock investors should brace for turbulence. High-growth and rate-sensitive sectors like technology, as tracked by the Invesco QQQ Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) and the Technology Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>), could face pressure. On the other hand, inflation-resistant assets &#8211; such as:
Commodities, as tracked by the Invesco DB Commodity Index Tracking Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DBC#NYSE">DBC</a>); Gold, as tracked by the SPDR Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>), and select energy stocks &#8211; may become safe havens.
Bond investors and those invested in popular Treasury tracking ETFs such as iShares 20+ Year Treasury Bond ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLT#NASDAQ">TLT</a>), the Vanguard Total Bond Market ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BND#NASDAQ">BND</a>) and the iShares Core U.S. Aggregate Bond ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AGG#NYSE">AGG</a>) beware: rising long-term rates could send Treasury prices tumbling.
Meanwhile, a &#8220;weaker dollar and larger budget deficits&#8221; could mean international ETFs and hard assets outperform U.S. equities.
<h2 class="wp-block-heading">Is This The Next 2008?</h2>
Schiff isn't predicting a simple market correction &#8211; he's warning of something much worse. &#8220;This will not be 1970s-style stagflation. It will be something much worse.&#8221; 
If history is about to repeat itself, as he suggests, investors who ignore the warning signs could be caught in the fire. The question is: Are you ready?
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/economics/macro-economic-events/25/03/44456554/trade-wars-fed-moves-and-a-40-recession-risk-is-your-portfolio-ready">Trade Wars, Fed Moves And A 40% Recession Risk &#8211; Is Your Portfolio Ready?</a></li>
</ul>
Photo: Shutterstock

Analyst Color

Long Ideas

Macro Economic Events

Bonds

Specialty ETFs

Federal Reserve

Markets

Analyst Ratings

Trading Ideas

PowerShares DBmmodity Index Optimum Yield Diversified Fund

iShares Trust Barclays 20+ Year Treasury Bond Fund

Peter Schiff Sounds The Alarm: 'Same Mistake Again' Could Trigger Economic Firestorm

Risk sentiment remains under pressure at the start of the week on Wall Street, with tech-heavy indexes sliding while commodities advance, as traders fear a new wave of price pressures following <a href="https://www.benzinga.com/topic/tariffs">the upcoming tariffs announcement.</a>
The S&amp;P 500 experienced a turbulent morning session, first hitting its lowest level in over six months before clawing back some ground and trimming losses. Nevertheless, the benchmark equity index is on track for its worst month since September 2022, having fallen 7% in March.
Tech stocks remained the weakest link, with the Nasdaq 100 down 1.1% as semiconductor names weighed on the broader sector. The iShares Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOXX#NASDAQ">SOXX</a>) dropped 1.9% and is down 11.9% month-to-date — also marking its worst month since September 2022.
President Donald Trump's threats toward Iran over the weekend pushed crude oil prices up by 3.5% for the session, marking the biggest single-day gain since October.
Energy-related stocks outperformed and are on pace to log their fourth consecutive positive month, now up 8.5% year-to-date.
Meanwhile, gold prices continued to smash record highs, with bullion surging over 1% to $3,115 per ounce. Quarterly gains have reached 18% — the strongest three-month rally since 2009.
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) inched up 1.2% to $83,400, fighting to avoid a second consecutive monthly decline.
<h1 class="wp-block-heading">Monday&#8217;s Performance In Major U.S. Indices, ETFs</h1>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>Chg %</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>41,688.45</td>
<td>0.3%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,555.01</td>
<td>-0.5%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,001.35</td>
<td>-1.0%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>19,075.33</td>
<td>-1.1%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated by 12:45 p.m. ET</figcaption></figure>
According to&nbsp;<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent&amp;t=be2bearmibe3na1">Benzinga Pro</a>&nbsp;data:
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) fell 0.4% to $553.82.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>) inched 0.2% up to $416.59.</li>
<li>The tech-heavy&nbsp;Invesco QQQ Trust Series&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>)&nbsp;fell 1.1% to $463.82.</li>
<li>The&nbsp;iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) tumbled 0.9% to $198.50.</li>
<li>The&nbsp;Energy&nbsp;Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>) outperformed, up 1.5%; the&nbsp;Technology&nbsp;Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>) saw the worst performance, down 1.2%.</li>
</ul>
<h1 class="wp-block-heading">Monday&#8217;s Stock Movers</h1>
<ul>
<li>Celsius Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CELH#NASDAQ">CELH</a>) surged more than 7% after Truist upgraded the stock from Hold to Buy and lifted its price target from $35 to $45.</li>
<li>Wolfspeed Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WOLF#NYSE">WOLF</a>) roared 11% following a 52% drop on Friday. </li>
<li>Moderna Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRNA#NASDAQ">MRNA</a>) shares plunged nearly 10% after the resignation of Dr. Peter Marks, the FDA's top vaccine official, sparked concerns over potential delays in the review of new treatments.</li>
</ul>
Read Now:
<ul>
<li><a href="https://www.benzinga.com/etfs/25/03/44564323/tech-linked-etfs-suffer-outflows-in-march-as-ai-mini-bubble-pops-on-tariff-panic">Tech-Linked ETFs Suffer Outflows In March As AI &#8216;Mini Bubble&#8217; Pops On Tariff Panic</a></li>
</ul>
Photo: Shutterstock Professional via Shutterstock

Equities

Sector ETFs

Commodities

Econ #s

Tech

$BTC

CELH

SPDR Dow Jones Industrial Average ETF Trust

MRNA

iShares PHLX SOX Semiconductor Sector Index Fund

SOXX

WOLF

Stocks Fall, S&P 500 Eyes Worst Month In Almost Two Years, Oil Rallies: What's Driving Markets Monday?

Many investors start their journey toward financial security with <a href="https://www.benzinga.com/personal-finance/25/03/44486348/58-year-old-with-3m-portfolio-makes-bold-retirement-move-i-want-to-test-it-out-before-i-actually-retire-with-1m-in-dividend-stocks">stocks</a>, and a successful investing strategy involves considering the risks, adapting, and thinking about the long-term rewards.
For some, a well-balanced <a href="https://www.benzinga.com/personal-finance/25/03/44519403/a-new-investor-shares-his-dividend-portfolio-that-earns-206-year-on-reddit-wondering-if-this-is-a-solid-set-up">portfolio</a> contains stocks, bonds, and small-cap investments, while for others, a mix of international stocks and ETFs is a favorite approach since it offers broader diversification. Either way, a combo of these assets ensures both growth and protection against a market downturn and is a great strategy for those unwilling to risk their money unnecessarily.
Don't Miss:
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<li>Deloitte's fastest-growing software company partners with Amazon, Walmart &amp; Target – <a href="https://www.benzinga.com/money/mode-mobile-2">Many are rushing to grab 4,000 of its pre-IPO shares for just $0.26/share!</a></li>
<li><a href="https://www.benzinga.com/money/arrived-centennial">Jeff Bezos-Backed Arrived Homes Hits A Big Sale On Charlotte Property – Investors Earning A 34.7% Return</a></li>
</ul>
A 30-year-old investor with a $65,000 portfolio has taken to Reddit to ask how to strike that balance in his portfolio. Primarily invested in Vanguard S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VOO#NYSE">VOO</a>) and Invesco QQQ Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), he also holds individual stocks like NVIDIA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), Alphabet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>, GOOGL)), Meta Platforms (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), and Microsoft (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), but plans to exit them soon.
&#8220;I am planning to change the composition moving forward and adding [Vanguard Total International Stock ETF (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vxus#NASDAQ">VXUS</a>)] (International exposure ETF), [iShares Core S&amp;P Small-Cap ETF (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ijr#NYSE">IJR</a>)] (Small-cap stocks ETF), and [Vanguard Total Bond Market ETF (NASDAQ: BND] (Bonds exposure) along with my VOO and QQQ. I like it boring for my risk profile,&#8221; he said.
The poster&#8217;s main goal is long-term growth, but he&#8217;s open to feedback on improving diversification and managing risk. The r/Portfolios community has shared its thoughts in the comments, so let&#8217;s see those.
Trending: <a href="https://www.benzinga.com/money/are-you-rich">Are you rich?</a> Here&#8217;s what Americans think you need to be considered wealthy.
<h2 class="wp-block-heading">How to Diversify a $65,000 Portfolio? Reddit Debates Possible Low-Risk Options</h2>
Overexposure to Large-Cap Growth Stocks Isn&#8217;t a Good Idea
Several Redditors pointed out that VOO and QQQ heavily overlap, meaning the investor&#8217;s portfolio is not as diversified as he thinks.
&#8220;You&#8217;re just long all the same s&#8211;t, large-cap equities. You want multiple return streams in case large-cap equities have a drawdown. If you work a job, own a house, and own equities, you are triple long on the same bet that would destroy you as all are affected by a recession,&#8221; a commenter says.
A Redditor pointed out that a mix of large-cap stocks isn&#8217;t a complete retirement portfolio, and suggested other assets to balance it.
&#8220;Large-cap U.S. stocks can be a great investment, but they&#8217;re not a complete retirement portfolio. Other assets should be included, such as smaller-cap U.S. stocks, international stocks, and bonds,&#8221; the Redditor wrote.
While not against big tech, this commenter recommended the poster add non-tech exposure in his portfolio.
&#8220;I don't see picking high-quality companies that are in the index as redundant, you're overweighting the highest quality companies in the index and which drive its returns. I would look for maybe one high-quality non-big tech name. I love the credit rating agencies (S&amp;P and [Moody's (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mco#NYSE">MCO</a>)]), but there are others, the three large credit card companies too,&#8221; he said.
See Also: BlackRock is calling 2025 the year of alternative assets. <a href="https://www.benzinga.com/money/masterworks">One firm from NYC has quietly built a group of 60,000+ investors who have all joined in on an alt asset class previously exclusive to billionaires like Bezos and Gates.</a>
Stick to Index Funds
Many advised the investor to drop the individual stocks he holds since they're already covered in VOO and QQQ, creating unnecessary concentration.
&#8220;Remove all redundancies and focus on VOO (almost everything you own is in VOO),&#8221; a Reddit user suggested.
&#8220;Good that you&#8217;re making an effort to invest, but there&#8217;s a lot of redundancy here. The Mag 7 already makes up a huge portion of VOO, why do you feel that you need to be even more extended in those stocks? If you really want to stock-pick on the side, I&#8217;d recommend focusing on lesser-known stocks (not penny stocks) that aren&#8217;t heavily weighted in the S&amp;P 500 (preferably not in it at all),&#8221; a commenter advised.
Reinforcing the idea that stock-picking isn&#8217;t adding value if the stocks are already in the ETF he has, this Redditor suggested the poster go all in in VOO or diversify more.
&#8220;I&#8217;d diversify some. VOO's major holdings are already included in the individual stocks you're holding. Might as well go more into VOO (and keep [Amazon (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/amzn#NASDAQ">AMZN</a>)] if you&#8217;re still really bullish on them),&#8221; he said.
Read Next:
<ul>
<li>Have $200K saved?<a href="https://www.benzinga.com/money/have-200k-saved-heres-how-to-turn-it-into-lasting-wealth"> Here's how to turn it into lasting wealth</a></li>
<li>Inspired by Uber and Airbnb &#8211; Deloitte's fastest-growing software company is transforming 7 billion smartphones into income-generating assets &#8211; <a href="https://www.benzinga.com/money/mode-mobile-2">with $1,000 you can invest at just $0.26/share!</a></li>
</ul>

Personal Finance

AMZN

GOOG

MSFT

NVDA

VXUS

30-Year-Old With $65K In Stocks Sparks Debate – 'Focusing Mostly On ETFs' But Now Betting On Bonds, Small Caps, And International Plays

U.S. technology-linked ETFs endured a wave of selling pressure in March 2025 as investor enthusiasm for the artificial intelligence boom cooled and macroeconomic uncertainties—from tariff risks to geopolitical tensions—dampened appetite <a href="https://www.benzinga.com/topic/technology-stocks">for high-growth names.</a>
The Invesco QQQ Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which tracks the tech-heavy Nasdaq 100 Index, plunged 9.1% in March, its worst monthly performance since December 2022. 
Unlike previous corrections, where dip-buying quickly followed. This time, investors pulled back. QQQ posted $1.4 billion in outflows, snapping a four-month streak of inflows and signaling rising caution.
The Technology Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>) slumped 10%, marking its steepest one-month drop since September 2022. The ETF also bled $770 million in March, bringing combined outflows over the past two months to more than $1.1 billion.
Semiconductor-related ETFs—previously the poster children of the AI revolution—were particularly hard hit.
The iShares Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOXX#NASDAQ">SOXX</a>) suffered $200 million in outflows, marking the fourth straight month of capital leakage. 
The VanEck Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMH#NASDAQ">SMH</a>) and SPDR S&amp;P Semiconductor ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XSD#NYSE">XSD</a>) recorded outflows of $210 million and $40 million, respectively. 
These ETFs have entered a bear market after falling more than 20% from their late 2024 peak.
<h3 class="wp-block-heading">Valuation Reset: The AI Trade Comes Back to Earth</h3>
According to Ed Yardeni, president at Yardeni Research, the semiconductor sector has now "mostly erased its valuation premium" over the broader market—an edge it had built up since the debut of ChatGPT in late 2022.
&#8220;We&#8217;ve opined that DeepSeek would be a net positive for AI demand, as cheaper training and model proliferation helps non-tech companies adopt AI and boost productivity. Perhaps there was a mini-bubble built up on AI euphoria,&#8221; Yardeni said in a recent note. 
Yet, he also expressed room for optimism.
&#8220;Since the Magnficent-7 stocks&#8217; long-term earnings expectations and valuation multiples already have realigned closer to historical averages without a bear market or recession, we think further downside for the AI trade is limited,&#8221; Yardeni added.
Read Now: 
<ul>
<li><a href="https://www.benzinga.com/economics/macro-economic-events/25/03/44563303/gold-beats-sp-500-by-widest-margin-since-2011-as-tariff-fears-trigger-rush-to-havens">Gold Beats S&amp;P 500 By Widest Margin Since 2011 As Tariff Fears Trigger Rush To Havens</a></li>
</ul>
Photo: Shutterstock

Tech-Linked ETFs Suffer Outflows In March As AI 'Mini Bubble' Pops On Tariff Panic

<ul>
<li>TSLA</li>
<li>NVDA</li>
<li>GLD</li>
<li>WAR</li>
<li>CORN</li>
<li>GOOGL</li>
<li>RDDT</li>
<li>QQQ</li>
<li>X</li>
<li>MSTR</li>
</ul>
Data from <a href="https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment">https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment</a>
&nbsp;

CORN

GOOGL

MSTR

RDDT

TSLA

Top 10 Trending Stocks On WallStreetBets As Of March 31, 2025 (Via Swaggy Stocks)

The stock of Strategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), erstwhile MicroStrategy, fell 3.75% in premarket on Monday as Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) continues to fall.
What Happened: As U.S. tariffs have been weighing on investor sentiment, the stocks are falling ahead of the so-called &#8220;Liberation Day,&#8221; or the day that &#8220;reciprocal tariffs&#8221; will be announced by the administration led by President Donald Trump.
Additionally, Bitcoin prices have been getting closer to the $80,000 per coin mark. BTC is down 12.7% in the first quarter, making it the worst first quarter of the year since 2018.
See Also: <a href="https://www.benzinga.com/general/market-summary/25/03/44555936/scott-bessent-has-worst-job-in-the-world-today-says-black-swan-author-nassim-taleb-as-treasury-secretary-knows-the-implications-of-steep-tariffs">Scott Bessent Has &#8216;Worst Job In The World Today,&#8217; Says Black Swan Author Nassim Taleb, As Treasury Secretary Knows The Implications Of Steep Tariffs</a>
Why It Matters: As MSTR is the largest Bitcoin Treasury company, any movements in the BTC prices and stock market influence the Strategy stock.
The Michael Saylor-led company&#8217;s market capitalization stood at $75.95 billion, and as of March 23, it had invested $33.7 billion to purchase 506,137 Bitcoins, averaging at $66,608 per coin.
Price Action: The stock has fallen 3.53% on a year-to-date basis, whereas it was up 76.83% over a year. Invesco QQQ Trust, Series 1 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which tracks the Nasdaq 100 index, was down 1.44% to $462.20 in premarket. 
Benzinga's Edge Rankings indicate a strong price trend in the short, medium and long term for MSTR. While the stock's Momentum ranking is exceptionally strong, ranking in the 99.98th percentile, it had weak growth and value rankings, the details for which are <a href="https://www.benzinga.com/report/MSTR">available here</a>.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/report/MSTR"><img loading="lazy" decoding="async" width="811" height="133" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/31072241/MSTR-ANR-new-latest.png" alt="" class="wp-image-849015" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/31072241/MSTR-ANR-new-latest.png 811w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/31072241/MSTR-ANR-new-latest-300x49.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/31072241/MSTR-ANR-new-latest-768x126.png 768w" sizes="(max-width: 811px) 100vw, 811px" /></a></figure>
Its consensus price target was $494.93, with a ‘buy' rating, based on the <a href="https://www.benzinga.com/quote/MSTR/analyst-ratings">14 analysts tracked by Benzinga</a>. The price targets ranged from a low of $140 to a high of $690. The latest ratings from Barclays, Keefe, Bruyette &amp; Woods, and Maxim Group averaged $493.67, implying a 76.31% upside.
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/quote/MSTR/analyst-ratings"><img loading="lazy" decoding="async" width="1024" height="392" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/31072212/MSTR-real-anr-1024x392.png" alt="" class="wp-image-849012" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/31072212/MSTR-real-anr-1024x392.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/31072212/MSTR-real-anr-300x115.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/31072212/MSTR-real-anr-768x294.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/31072212/MSTR-real-anr.png 1075w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/25/03/44554923/goldman-sachs-warns-us-stocks-are-at-risk-of-further-declines-but-policy-pivot-from-trump-or-fed-could-stoke-recovery" target="_blank" rel="noreferrer noopener">Goldman Sachs Warns US Stocks ‘Are At Risk Of Further Declines,' But Policy Pivot From Trump Or Fed Could Stoke Recovery</a></li>
</ul>
Image via Shutterstock

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MSTR Stock Falls Over 3% In Monday Pre-Market: What's Going On?

As CoreWeave Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWV#NASDAQ">CRWV</a>) closed at its exact initial public offering price of $40 apiece on Friday, this analyst highlights the challenges for the &#8220;tough&#8221; IPO, stemming from several reasons, including the reduction in artificial intelligence spending by companies in 2025.
What Happened: Dan Niles, the founder and portfolio manager of Niles Investment Management, described the CoreWeave IPO as a &#8220;tough&#8221; one as it closed at the exact IPO price on its listing day. He said in an X posy that a solid deal is one where the stock is up 15-30% from its IPO price on the opening day of trade.
According to Niles, the AI cloud infrastructure company closed at the IPO price because it was backed by Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>). The chipmaker, led by Jensen Huang, is a 6% investor and contributes at least 15% to CoreWeave&#8217;s revenue. However, Niles wasn&#8217;t convinced that Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), which contributes to 62% of CRWV&#8217;s revenue, did not invest $12 billion for extra capacity.
&#8220;What is more troubling to me is the news story that $MSFT, a 62% customer of Coreweave, turned down a $12B option for more capacity. OpenAI reportedly took this capacity, but Microsoft generates a lot of free cash flow to fund their spending, while OpenAI loses a tremendous amount and will need to raise capital in the future to fund their capex desires,&#8221; he said.
He also recalled Alibaba Group Holding Ltd. ADR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) chairman, Jack Ma&#8216;s March 25 statement on AI spending, where he said that pouring a lot of money ahead of significant demand wasn&#8217;t &#8220;entirely necessary&#8221;.
Niles said that these factors, along with reciprocal tariffs on April 2nd, do not bode well for how CoreWeave is likely to trade this upcoming week or related AI names.
&#8220;AI capex spending by mid-year will be going through a digestion phase due to a slowdown in training demand,&#8221; Niles said.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">As it relates to the <a href="https://twitter.com/search?q=%24CRWV&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$CRWV</a> IPO on Friday, a solid deal is one where the stock is up 15-30% from its IPO price on the opening day of trade. The issuing company is happy at not having underpriced the deal too much in raising capital. Investors receiving the IPO shares are happy for…
&mdash; Dan Niles (@DanielTNiles) <a href="https://twitter.com/DanielTNiles/status/1906500919794991223?ref_src=twsrc%5Etfw">March 31, 2025</a></blockquote>
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See Also: <a href="https://www.benzinga.com/25/03/44554923/goldman-sachs-warns-us-stocks-are-at-risk-of-further-declines-but-policy-pivot-from-trump-or-fed-could-stoke-reco">Goldman Sachs Warns US Stocks ‘Are At Risk Of Further Declines,' But Policy Pivot From Trump Or Fed Could Stoke Recovery </a>
Why It Matters: The shares of CRWV dropped 3.73% to $38.51 apiece in premarket on Monday.
Despite the short-term outlook, Niles said that &#8220;Longer-term, I still believe AI capex spending is likely to double by the end of the decade from current levels driven by inference demand.&#8221;
Addressing the 62% revenue from Microsoft, CRWV&#8217;s CEO, Michael Intrator, turned down the concerns over <a href="https://www.benzinga.com/tech/25/03/44549825/nvidia-backed-coreweaves-ceo-defends-microsoft-openai-revenue-concentration-due-to-mind-bendingly-large-deals">client concentration</a> on the listing day. 
&#8220;They say that we had 60% of revenue from Microsoft, and then we signed a contract with OpenAI for just under $12 billion, and now we&#8217;re less than 50%,&#8221; he said in an <a href="https://fortune.com/2025/03/28/coreweave-ceo-michael-intrator-ipo-going-public-ai-company/">interview</a> with Fortune on Friday. &#8220;All the big players that need this type of infrastructure … those are our customers.&#8221; 
Price Action: While CRWV&#8217;s shares were down in premarket, 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, dropped in premarket on Monday. The SPY was down 0.91% to $550.59, while the QQQ declined 1.33% to $462.69, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/general/market-summary/25/03/44555936/scott-bessent-has-worst-job-in-the-world-today-says-black-swan-author-nassim-taleb-as-treasury-secretary-knows-the-implications-of-steep-tariffs">Scott Bessent Has &#8216;Worst Job In The World Today,&#8217; Says Black Swan Author Nassim Taleb, As Treasury Secretary Knows The Implications Of Steep Tariffs </a></li>
</ul>
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BABA

CRWV

CoreWeave's 'Tough' IPO: A Warning Sign For AI Investors? Expert Flags Microsoft's Rejection

U.S. stock futures fell on Monday after three consecutive days of decline on Friday. Futures of major benchmark indices were lower in premarket trading.
Stocks decline as investors await the day of incoming reciprocal tariffs on April 2nd. This is termed &#8220;Liberation Day&#8221; by U.S. President Donald Trump.
Goldman Sachs, in its recent note, predicted a <a href="https://www.benzinga.com/markets/equities/25/03/44554304/goldman-sachs-raises-us-recession-risk-to-35-expects-inflation-at-3-5-in-2025-amid-tariff-uncertainties-economist-mohamed-el-erian-highlights-stagflationary-twist">35% recession risk</a> and reciprocal tariffs that average 15% across all U.S. trading partners, although product and country exclusions could whittle the addition to the average U.S. tariff rate down to 9 percentage points.
The stock market ended the month of March and the first quarter on a rough note. As of Friday, the Nasdaq 100 index was 13.24% from its previous high. The S&amp;P 500 was 9.22% lower from its record level, and the Dow Jones was down 7.74% from its 52-week high.
With the 10-year Treasury yield at 4.63% and the 2-year at 3.88%, 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 82.1% likelihood of the Federal Reserve maintaining current interest rates through its May meeting. 
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Change (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>-1.24%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>-0.85%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>-0.57%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>-1.08%</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, dropped in premarket on Friday. The SPY was down 0.71% to $551.70, while the QQQ declined 1.16% to $463.49, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
Cues From Last Session:
Most sectors on the S&amp;P 500 ended Friday in the red, with consumer discretionary, communication services, and information technology stocks posting the steepest losses. In contrast, utilities outperformed, closing the session higher despite broader market weakness.
Adding to market jitters, the Fed's preferred inflation gauge, the core Personal Consumption Expenditures price index, rose 2.8% year-over-year in February, exceeding expectations of 2.7%.
Investor anxiety was further fueled by the University of Michigan Survey of Consumers, which revealed a jump in 5-year forward inflation expectations to 4.1%, marking the highest level since February 1993.
In corporate earnings, AAR Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AIR#NYSE">AIR</a>) shares plunged more than 16% after the company reported a third-quarter sales miss.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>-2.70%</td>
<td>17,322.99</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>-1.97%</td>
<td>5,580.94</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>-1.69%</td>
<td>41,583.90</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>-2.05%</td>
<td>2,023.27</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts:
As the date for &#8220;reciprocal tariffs&#8221; or "Liberation Day," as termed by President Trump, gets closer, Louis Navellier of Navellier &amp; Associates says that there is a lot for investors to be excited about in April.
&#8220;Overall, despite continued tariff distractions, after &#8216;Liberation Day,&#8217; I am expecting economic optimism to rise steadily in the upcoming months. Continued strong corporate earnings and lower interest rates are a powerful one-two punch that is expected to drop kick and propel economic growth dramatically higher,&#8221; he said.
However, Goldman Sachs has increased its U.S. recession probability from 20% to 35% in its recent note.
Christian Mueller-Glissmann, the leading asset allocation researcher at Goldman Sachs, has <a href="https://www.benzinga.com/25/03/44554923/goldman-sachs-warns-us-stocks-are-at-risk-of-further-declines-but-policy-pivot-from-trump-or-fed-could-stoke-reco">warned that the risk of further market correction</a> is still looming in the U.S. &#8220;The equity drawdown probability hasn&#8217;t peaked yet,&#8221; he said.
The factors supporting Goldman Sachs Research's view that the market correction has further to go include:
<ul>
<li>Its model's forecast has signaled heightened risk since January and has yet to indicate a peak in the likelihood of continued declines.</li>
</ul>
<ul>
<li>A weakening macroeconomic backdrop, combined with the equity drawdown, suggests that the market has not yet found a bottom.</li>
</ul>
<ul>
<li>The risk appetite indicator, which measures investor sentiment, remains above the ‘-2' threshold that historically signals a potential market reversal absent policy or economic shifts, indicating that a strong buying opportunity has not yet emerged.</li>
</ul>
<ul>
<li>The Magnificent Seven tech stocks, which play a key role in retail investor confidence, have experienced notable declines, and further weakness in these stocks could weigh on sentiment.</li>
</ul>
<ul>
<li>European and Chinese equities, which are currently outperforming the U.S., have historically led initially but ultimately followed the U.S. during broader market corrections, suggesting that a deeper U.S. downturn could pull global markets lower.</li>
</ul>
Mueller-Glissmann notes a key limitation of his equity drawdown model: it doesn't factor in policy shifts. "If President Trump or the Federal Reserve makes a major policy pivot, markets could recover much faster," he said.
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 this week:
<ul>
<li>On Monday, March&#8217;s Chicago Business Barometer (PMI) will be released by 9:45 a.m. ET.</li>
</ul>
<ul>
<li>On Tuesday, 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>
<ul>
<li>On Wednesday, March&#8217;s ADP employment data will be out by 8:15 a.m. ET.</li>
</ul>
<ul>
<li>February&#8217;s factory orders data will be released at 10:00 a.m. ET.</li>
</ul>
<ul>
<li>Fed Governor Adriana Kugler will speak at 4:30 p.m. ET.</li>
</ul>
<ul>
<li>On Thursday, the initial jobless claims data for the week ending March 29 and February&#8217;s U.S. trade deficit data will be released by 8:30 a.m. ET.</li>
</ul>
<ul>
<li>March&#8217;s S&amp;P final U.S. services PMI and ISM services will be announced between 9:45 and 10:00 a.m. ET.</li>
</ul>
<ul>
<li>Fed Vice Chairman Philip Jefferson will speak at 12:30 p.m., and Fed Governor Lisa Cook will speak at 2:30 p.m. ET.</li>
</ul>
<ul>
<li>On Friday, March&#8217;s U.S. employment report, unemployment rate, and hourly wages data will be out by 8:30 a.m. ET.</li>
</ul>
<ul>
<li>Fed Chairman Jerome Powell will speak at 11:25 a.m. ET.</li>
</ul>
<ul>
<li>Fed Governor Michael Barr will speak at noon, and Fed Governor Christopher Waller will speak at 12:45 p.m. ET.</li>
</ul>
Stocks In Focus:
<ul>
<li>PVH Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PVH#NYSE">PVH</a>) fell 0.66% in premarket on Monday 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>Progress Software Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRGS#NASDAQ">PRGS</a>) tumbled 0.31% as Wall Street expects it to report a quarterly earnings of $1.06 per share on revenue of $235.63 million after the closing bell.</li>
</ul>
<ul>
<li>Loar Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LOAR#NYSE">LOAR</a>) declined 1.64% ahead of its earnings before the opening bell. Analysts expect a quarterly earnings of 10 cents per share on revenue of $102.54 million.</li>
</ul>
<ul>
<li>Babcock &amp; Wilcox Enterprises Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BW#NYSE">BW</a>) was up 1.27% as Wall Street expects it to report a quarterly loss of 1 cent per share on revenue of $213.07 million after the closing bell.</li>
</ul>
<ul>
<li>Xos Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XOS#NASDAQ">XOS</a>) jumped 9.01% as its 2024 revenue surged to $56 million, compared to $44.5 million in 2023. The company delivered 297 units in 2024, up from 283 units in the previous year.</li>
</ul>
<ul>
<li>Acuren Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TIC#NYSE">TIC</a>) slumped 37.78% after a revenue miss and reported a $105.5 million Successor Net Loss for 2024, mainly due to one-time transaction costs. Combined Adjusted EBITDA rose 11.5% to $186.7 million, with margins improved to 17.0% from 15.9% in 2023.</li>
</ul>
<ul>
<li>Treasure Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TGL#NASDAQ">TGL</a>) surged 47.50% as it announced plans to develop and deploy an advanced AI cloud infrastructure in Malaysia capable of supporting trillion-parameter models, last week.</li>
</ul>
<ul>
<li>Lexicon Pharmaceuticals Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LXRX#NASDAQ">LXRX</a>) was up 1.38% as it signed an exclusive global license deal with Novo Nordisk A/S (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NVO#NYSE">NVO</a>) for a first-in-class oral non-incretin drug for obesity and metabolic disorders. The agreement includes up to $1 billion in potential payments, with $75 million upfront and in near-term milestones</li>
</ul>
Commodities, Gold, And Global Equity Markets:
Crude oil futures were trading higher in the early New York session by 0.74% to hover around $69.87 per barrel.
Gold Spot US Dollar advanced 1.24% to hover around $3,122.41 per ounce. Its fresh record high stood at $3,127.88 per ounce. The U.S. Dollar Index spot was lower by 0.05% at the 103.997 level.
Asian markets closed on a lower note on Monday. China&#8217;s CSI 300, India's S&amp;P BSE Sensex, Hong Kong's Hang Seng, South Korea's Kospi, Japan's Nikkei 225, and Australia's ASX 200 index declined. European markets were also lower in early trade.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/25/03/44554923/goldman-sachs-warns-us-stocks-are-at-risk-of-further-declines-but-policy-pivot-from-trump-or-fed-could-stoke-reco">Goldman Sachs Warns US Stocks &#8216;Are At Risk Of Further Declines,&#8217; But Policy Pivot From Trump Or Fed Could Stoke Recovery</a></li>
</ul>
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LOAR

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PRGS

US Stocks Likely To Open Lower After 3-Day Fall: 'Equity Drawdown Probability Hasn't Peaked Yet,' Says Goldman Sachs Analyst

&#8216;Black Swan&#8217; author Nassim Nicholas Taleb has said that the Treasury Secretary, Scott Bessent, has the worst job in the world today because he understands the relevancy and implications of tariffs more than anyone else.
What Happened: According to his X post, Taleb has pointed out that the Treasury Secretary, Bessent, comprehends the relevance of the protectionist policies being imposed by the current administration, led by President Donald Trump.
Additionally, he says that any abrupt introduction of steep tariffs could lead to a cascading and generalised price action.
In general, trade barriers like import quotas or tariffs have both advantages and disadvantages. From a Keynesian perspective, tariffs can boost domestic production and employment by shifting demand towards domestically produced goods, potentially leading to a reduction in the trade deficit.
However, it could be driven by political opportunism, undermine free trade principles, fuel the prices of domestic goods, reduce domestic consumption, and damage international relations.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The worst job in the world today is that of Scott Bessent, Treasury Secretary. He probably gets that whether tarifs make or don&#39;t make sense is irrelevant: any ABRUPT introduction of steep tariffs must lead to a CASCADING &amp; GENERALIZED price action. 1/n
&mdash; Nassim Nicholas Taleb (@nntaleb) <a href="https://twitter.com/nntaleb/status/1906318528652706184?ref_src=twsrc%5Etfw">March 30, 2025</a></blockquote>
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See Also: <a href="https://www.benzinga.com/25/03/44554923/goldman-sachs-warns-us-stocks-are-at-risk-of-further-declines-but-policy-pivot-from-trump-or-fed-could-stoke-recovery">Goldman Sachs Warns US Stocks &#8216;Are At Risk Of Further Declines,&#8217; But Policy Pivot From Trump Or Fed Could Stoke Recovery</a>
Why It Matters: Bessent recently outlined Trump‘s economic plan during the latest All-In Podcast episode on March 19.
He highlighted the <a href="https://www.benzinga.com/25/03/44396136/treasury-secretary-scott-bessent-calls-himself-a-deficit-hawk-but-has-to-coax-gop-against-aggressive-cuts-says-he-is-completely-aligned-with-elon-musk-on-doge">three steps in the administration's plans</a>.
<ul>
<li>First, to shrink government spending and its workforce;</li>
</ul>
<ul>
<li>Second, to loosen financial regulations, which Bessent called a &#8220;regulatory corset.&#8221;</li>
</ul>
<ul>
<li>Third, to get the private sector to hire back those who lost their government jobs.</li>
</ul>
Bessent also expressed alignment with Elon Musk&#8216;s Department of Government Efficiency or DOGE, which aims to reduce wasteful spending. &#8220;With Doge, I am completely aligned with what Elon's doing,&#8221; he stated.
However, he acknowledged the challenge of implementing changes rapidly. He also warned, &#8220;If you don't move fast the vested interest will weigh you down.&#8221; &nbsp;
Price Action: 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, declined on Friday. The SPY was down 2.01% to $555.66, while the QQQ declined 2.63% to $468.94, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
On Monday, the futures of Dow Jones fell by 0.37%, whereas the S&amp;P 500 and Nasdaq 100 declined by 0.66% and 1.13%, respectively.
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<li><a href="https://www.benzinga.com/news/25/03/44550145/federal-reserve-is-gaslighting-the-public-warns-expert-as-richmond-fed-president-says-inflation-expe" target="_blank" rel="noreferrer noopener">Federal Reserve Is ‘Gaslighting The Public,' Warns Expert As Richmond Fed President Says ‘Inflation Expectations Have Loosened, Not De-Anchored'</a></li>
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Photo courtesy: Shutterstock

Scott Bessent Has 'Worst Job In The World Today,' Says Black Swan Author Nassim Taleb, As Treasury Secretary Knows The Implications Of Steep Tariffs

Goldman Sachs Research has said in their recent note that the S&amp;P 500 might be vulnerable to deeper declines, however, analyst says a &#8220;major policy pivot&#8221; by the Donald Trump-led administration or the central bank could help the markets recover.
What Happened: Goldman Sachs&#8217; Christian Mueller-Glissmann, leading asset allocation research, has warned that the risk of further market correction is still looming in the U.S. He cautioned that the deteriorating macro backdrop leaves the market vulnerable to further correction, even without a predicted recession.
"The equity drawdown probability hasn't peaked yet," he said. The note added, &#8220;Our strategists' equity drawdown risk model, which forecasts the probability of the S&amp;P 500 falling, suggests U.S. stocks are at risk of further declines.&#8221;
The reasons why Goldman Sachs Research believes that the market correction has more legs include:
<ul>
<li>Its model&#8217;s prediction signaling an elevated risk since January, which hasn&#8217;t indicated a peak in the probability of further declines.</li>
</ul>
<ul>
<li>A deteriorating macroeconomic environment, along with the drawdown in equity, suggests that a market bottom hasn&#8217;t been reached.</li>
</ul>
<ul>
<li>The risk appetite indicator, which gauges investor sentiment, is not yet at the &#8216;-2&#8217; level, which historically signals a potential market reversal without policy or economic changes. This indicator is still above the point that would indicate a strong buying opportunity.</li>
</ul>
<ul>
<li>The Magnificent Seven tech stocks, which are crucial drivers of retail investor confidence, have seen significant declines, and a further fall in these stocks could damage investor sentiment.</li>
</ul>
<ul>
<li>European and Chinese equities, which are outperforming the U.S., tend to historically outrun the U.S. initially, but eventually follow the trend during larger corrections. Therefore, if the U.S. correction deepens, it could drag down global markets.</li>
</ul>
See Also: <a href="https://www.benzinga.com/news/25/03/44550145/federal-reserve-is-gaslighting-the-public-warns-expert-as-richmond-fed-president-says-inflation-expe">Federal Reserve Is &#8216;Gaslighting The Public,&#8217; Warns Expert As Richmond Fed President Says &#8216;Inflation Expectations Have Loosened, Not De-Anchored&#8217;</a>
Why It Matters: Mueller-Glissmann acknowledges a key limitation of his equity drawdown model: it doesn&#8217;t account for policy changes.
&#8220;So if there's a major policy pivot from President Trump or the Federal Reserve, of course, markets could recover much faster,&#8221; he said.
Despite market volatility, he notes that the classic 60/40 portfolio, with its 60% equity and 40% bond allocation, has remained resilient this year. "Equities are down in the U.S., but bonds have rallied in the year to date. And in Europe, bonds are down, but equities have rallied," adds Mueller-Glissmann.
Thus, the diversification achieved by holding both stocks and bonds across these regions successfully maintained portfolio returns despite the year&#8217;s initial volatility.
Apart from this, Goldman Sachs has increased its <a href="https://www.benzinga.com/markets/equities/25/03/44554304/goldman-sachs-raises-us-recession-risk-to-35-expects-inflation-at-3-5-in-2025-amid-tariff-uncertainties-economist-mohamed-el-erian-highlights-stagflationary-twist">U.S. recession probability</a> from 20% to 35%, as of March 30.
Price Action: 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, declined on Friday. The SPY was down 2.01% to $555.66, while the QQQ declined 2.63% to $468.94, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pr</a>o data.
On Monday, the futures of Dow Jones fell by 0.35%, whereas the S&amp;P 500 and Nasdaq 100 declined by 0.62% and 1.10%, respectively.
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<li><a href="https://www.benzinga.com/markets/futures/25/03/44534664/bearish-sentiment-mirrors-35-year-old-pattern-hovering-over-50-for-5-weeks-expert-cites-incredible-buying-opportunities-from-past">Bearish Sentiment Mirrors 35-Year-Old Pattern, Hovering Over 50% For 5 Weeks: Expert Cites &#8216;Incredible Buying Opportunities&#8217; From Past</a></li>
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Photo courtesy: Shutterstock

Goldman Sachs Warns US Stocks 'Are At Risk Of Further Declines,' But Policy Pivot From Trump Or Fed Could Stoke Recovery

Lawrence McDonald, founder of Bear Traps Report, warned on Sunday that President Donald Trump&#8216;s planned tariffs could have a more significant inflationary impact during his second term compared to his first administration.
What Happened: During Trump&#8217;s first term, tariffs and inflation came after a prolonged period of global austerity, secular stagnation, and Brexit's impact, McDonald wrote on X. In a second term, they would follow a $16 trillion fiscal and &#8220;monetary overdosing.&#8221;
McDonald&#8217;s comments come as markets brace for Trump&#8217;s Apr. 2 &#8220;Liberation Day&#8221; tariff announcements, with stock futures declining Sunday night. 
McDonald&#8217;s analysis contrasts with Council of Economic Advisers Chair Stephen Miran, who previously argued tariffs during Trump&#8217;s first term didn&#8217;t cause inflation due to &#8220;currency offset&#8221; as <a href="https://in.benzinga.com/markets/equities/25/03/44469320/sp-500-dollar-index-decline-together-for-1st-time-since-2008-financial-crisis">the dollar strengthened</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">Tariffs and inflation during Trump&#39;s first term &#8211; were after a long period of &#8211; a) global austerity, b) secular stagnation and c) Brexit&#39;s impact on the global economy. Tariffs and Inflation during Trump&#39;s 2nd term &#8211; after a $16T fiscal and monetary overdosing. <a href="https://t.co/AVcO0AWHBQ">https://t.co/AVcO0AWHBQ</a>
&mdash; Lawrence McDonald (@Convertbond) <a href="https://twitter.com/Convertbond/status/1906299433513292051?ref_src=twsrc%5Etfw">March 30, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Meanwhile, Goldman Sachs has raised its U.S. <a href="https://www.benzinga.com/markets/equities/25/03/44554304/goldman-sachs-raises-us-recession-risk-to-35-expects-inflation-at-3-5-in-2025-amid-tariff-uncertainties-economist-mohamed-el-erian-highlights-stagflationary-twist">recession probability from 20% to 35%</a>, as highlighted by Allianz Chief Economic Advisor Mohamed El-Erian. The investment bank also revised its 2025 personal consumption expenditures inflation forecast upward to 3.5% while projecting GDP growth to slow to 1.0% quarter-over-quarter, giving its outlook what El-Erian called a &#8220;stagflationary twist.&#8221;
See Also: <a href="https://www.benzinga.com/25/03/44554536/cathie-wood-applauds-after-nvidia-exec-says-hes-very-bullish-on-mimik-the-edge-ai-company-she-backs-and-serves-as-board-member">Nvidia Executive&#8217;s &#8216;Very Bullish&#8217; Edge AI Company Mimik, Cathie Wood Notes &#8216;High Praise&#8217; For The Company She Backs</a>
This economic <a href="https://www.benzinga.com/markets/equities/25/03/44554008/wall-street-on-edge-futures-slide-ahead-of-trumps-liberation-day-tariff-shock">uncertainty has rattled markets</a>, with major indices poised to end March sharply lower. The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) is down 6.27%, SPDR Dow Jones Industrial Average ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>) has dropped 5.15%, and Invesco QQQ Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) has tumbled 8.09%.
PIMCO Managing Director Tiffany Wilding <a href="https://www.benzinga.com/government/regulations/25/03/44487750/us-recession-risk-pegged-at-30-35-by-pimco-but-stagflation-not-a-major-concern-says-chief">maintains a similar recession outlook</a> to Goldman Sachs at 30-35%, though she expects any recession would be &#8220;light&#8221; with a relatively quick recovery.
Investors now face a pivotal week with <a href="https://www.benzinga.com/markets/equities/25/03/44554304/goldman-sachs-raises-us-recession-risk-to-35-expects-inflation-at-3-5-in-2025-amid-tariff-uncertainties-economist-mohamed-el-erian-highlights-stagflationary-twist">key economic reports</a> including employment data, JOLTS, ISM&#8217;s business activity index, and retail sales figures—all while awaiting Trump&#8217;s tariff announcement and Federal Reserve Chair Jerome Powell&#8216;s upcoming remarks.
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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.

Trump's 'Liberation Day' Tariffs Could Fuel Inflation After $16 Trillion Fiscal Surge, Lawrence McDonald Warns

Allianz Chief Economic Advisor Mohamed El-Erian highlighted a significant shift in Goldman Sachs&#8216; outlook for the U.S. economy, noting that the investment bank has given its economic projections a &#8220;stagflationary twist.&#8221;
What Happened: El-Erian noted on X that Goldman Sachs economists have added a &#8220;stagflationary twist&#8221; to their U.S. economic outlook. 
He highlighted that the firm raised its 2025 personal consumption expenditures inflation forecast— the Federal Reserve's preferred gauge— by 0.5 percentage points to 3.5%, while projecting gross domestic product growth to slow to 1.0% on a quarter-over-quarter basis.
Goldman Sachs has increased its U.S. recession probability from 20% to 35%, El-Erian notes, an increase of 75%.
This revised outlook comes amid broader economic concerns. S&amp;P 500, tracked by The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and the U.S. Dollar Index, has declined simultaneously, a pattern not seen since the 2008 financial crisis, signaling <a href="https://www.benzinga.com/markets/equities/25/03/44469320/sp-500-dollar-index-decline-together-for-1st-time-since-2008-financial-crisis">potential economic instability</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">In a move likely to be followed by other forecasters, economists at <a href="https://twitter.com/GoldmanSachs?ref_src=twsrc%5Etfw">@GoldmanSachs</a> just gave a stagflationary twist to their US economic forecasts. 2005 PCE inflation, the Federal Reserve&#39;s favorite inflation measure, was revised up by 0.5 percentage points to 3.5%, while growth…
&mdash; Mohamed A. El-Erian (@elerianm) <a href="https://twitter.com/elerianm/status/1906466125896200393?ref_src=twsrc%5Etfw">March 30, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also: <a href="https://www.benzinga.com/25/03/44553913/bitcoin-ethereum-dogecoin-sink-as-investors-trim-risk-appetite-ahead-of-trumps-liberation-day-analyst-says-seasoned-participants-have-shifted-from-selling-to-hodling">Bitcoin, Ethereum, Dogecoin Sink As Risk Appetite Shrinks Ahead Of Trump&#8217;s &#8216;Liberation Day:&#8217; Analyst Says Seasoned Participants Have Shifted From Selling To HODLing</a>
Why It Matters: Market sentiment remains cautious with futures declining Sunday night as investors brace for President Donald Trump&#8216;s anticipated &#8220;Liberation Day&#8221; tariff <a href="https://www.benzinga.com/markets/equities/25/03/44554008/wall-street-on-edge-futures-slide-ahead-of-trumps-liberation-day-tariff-shock">announcements scheduled for Apr. 2</a>. 
The major indices are poised to end March with sharp declines, with SPY down 6.27%, SPDR Dow Jones Industrial Average ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>) dropping 5.15%, and Invesco QQQ Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) tumbling 8.09%.
While Goldman Sachs has <a href="https://www.benzinga.com/government/regulations/25/03/44487750/us-recession-risk-pegged-at-30-35-by-pimco-but-stagflation-not-a-major-concern-says-chief">increased its recession forecast</a>, PIMCO maintains a similar view, with Managing Director Tiffany Wilding stating that they see a 30-35% chance of recession. However, Wilding added they expect any recession would be &#8220;light&#8221; and the economy would &#8220;come out of it relatively quickly.&#8221;
El-Erian noted that this week will be packed with key economic reports, including the monthly employment data, the Job Openings and Labor Turnover Survey, the Institute for Supply Management&#8217;s business activity index, and retail sales figures. 
Additionally, markets will be watching the Apr. 2 tariff announcement and remarks from Federal Reserve Chair Jerome Powell and other officials.
<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 US leads a busy week &quot;look ahead&quot; for the global economy and markets with a string of data releases &#8212; including the monthly jobs reports, JOLTS, ISM, and retail sales &#8212; the April 2nd tariff announcement, and remarks by Chair Powell and other Federal Reserve officials. We…
&mdash; Mohamed A. El-Erian (@elerianm) <a href="https://twitter.com/elerianm/status/1906464018610401657?ref_src=twsrc%5Etfw">March 30, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
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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.

Goldman Sachs Raises US Recession Risk To 35%, Expects Inflation At 3.5% In 2025 Amid Tariff Uncertainties: Economist Mohamed El-Erian Highlights 'Stagflationary Twist'

U.S. stock futures declined Sunday night as investors braced for a potentially volatile week ahead of President Donald Trump&#8216;s <a href="https://www.benzinga.com/markets/25/03/44552465/trump-unfazed-by-potential-auto-price-hikes-amid-new-tariffs-i-couldnt-care-less">anticipated &#8220;Liberation Day&#8221; tariff announcements</a>.
What Happened: Dow Jones futures fell 200 points to 41,651.00, S&amp;P 500 futures dropped 35 points to 5,588.00, and Nasdaq 100 futures tumbled 216 points to 19,241.00, signaling continued pressure on markets that have struggled throughout March.
The major indices are poised to <a href="https://www.benzinga.com/economics/macro-economic-events/25/03/44542620/inflation-fears-spark-risk-off-sentiment-as-magnificent-7-drop-whats-driving-markets-friday">end the month with sharp declines</a>, as the S&amp;P 500, tracked by SPDR S&amp;P 500 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>), is down 6.27%, the Dow Jones Industrial Average, tracked by SPDR Dow Jones Industrial Average ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>), has dropped 5.15%, and the Nasdaq Composite, tracked by Invesco QQQ Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), has tumbled 8.09%.
Global markets also reflected investor anxiety, with Japan&#8217;s Nikkei 225 plummeting 1,203.93 points to 35,916.40 on Monday at 10:25 am local time.
See Also: <a href="https://www.benzinga.com/markets/25/03/44549998/cathie-wood-sees-small-business-recovery-ahead-tom-lee-predicts-extremely-high-odds-of-a-v-shaped-ma">Cathie Wood Sees Small Business Recovery Ahead, Tom Lee Predicts &#8216;Extremely High&#8217; Odds Of A V-Shaped Market Rebound</a>
Why It Matters: Trump is set to announce new &#8220;reciprocal&#8221; tariffs on April 2, dubbed &#8220;Liberation Day,&#8221; aimed at countries <a href="https://in.benzinga.com/25/03/44502030/trump-may-slap-a-20-tariff-on-europe-yet-april-still-offers-rally-hopes-for-european-stocks">imposing trade barriers and duties</a>.
The tariff concerns compound existing trade tensions following Trump&#8217;s Mar. 26 announcement of <a href="https://in.benzinga.com/news/25/03/44546899/trumps-25-auto-tariffs-rattle-wall-street-feds-favorite-inflation-gauge-surges-consumer-price-worries-rocket-this-week-in-markets">25% auto tariffs</a> scheduled to take effect Apr. 3. Additionally, the one-month suspension of 25% tariffs on numerous Canadian and Mexican goods is set to expire in early April.
Market participants will also digest critical economic data this week, highlighted by the March jobs report scheduled for release Friday morning at 8:30 a.m. ET, which could provide insights into the health of the U.S. economy amid mounting trade pressures.
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Wall Street On Edge: Futures Slide Ahead of Trump's 'Liberation Day' Tariff Shock

Knowing which <a href="https://www.benzinga.com/personal-finance/25/03/44376666/high-yield-dividend-investor-making-12900-per-year-names-10-favorite-stocks-took-me-almost-3-years-to-get-to-this-point">stocks</a> to hold for the long term and which to sell before they drag down your portfolio is a challenge every investor faces at least once in their journey.
Some swear by the &#8220;buy and hold&#8221; strategy, while others advocate for constant rebalancing of a portfolio to mitigate <a href="https://www.benzinga.com/personal-finance/25/03/44476778/author-says-dave-ramsey-is-completely-ignorant-of-sequence-of-returns-risk-questions-whether-1-million-is-really-enough-for-retirement">risk</a>. The issue becomes even more pronounced when a portfolio is heavily condensed in high-growth but volatile sectors like technology.
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One such investor recently took to Reddit to seek advice on his $14,228 portfolio, which includes tech giants like Tesla (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), Nvidia (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), Amazon (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>)​, Alphabet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>, GOOG)), and Meta Platforms (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), alongside ETFs like Vanguard S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VOO#NYSE">VOO</a>) and Invesco QQQ Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), and even some crypto-linked stocks like Coinbase Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) and MicroStrategy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>).
The poster is considering adding Robinhood Markets (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>) to his portfolio but is unsure if now is the right time. He&#8217;s also wondering whether to keep high-risk stocks like TSLA, COIN, and MSTR or shift to more stable assets and how to diversify his portfolio further.
Trending: Can you guess how many retire with a $5,000,000 nest egg? <a href="https://www.benzinga.com/money/5mil-nest-egg-adv">The percentage may shock you</a>.
The Reddit community has come forward with plenty of advice in the comments; let&#8217;s see what they say.
<h2 class="wp-block-heading">Hold or Sell? Investor With $14,000 Tech-Heavy Portfolio Ponders Diversification–Reddit Advises Him</h2>
Diversify into Other Sectors or Broader ETFs
Many Redditors indicated that the investor&#8217;s portfolio is way too concentrated in tech, which increases risk. Instead, they suggested reducing individual stock holdings and adding ETFs to gain exposure to other sectors.
&#8220;I am sure you know this, but VOO/QQQ includes all of the individual companies that you have the majority of your portfolio invested in,&#8221; a comment says.
Advising the poster to diversify his portfolio, one Redditor suggested choosing either VOO or QQQ, but not both.
&#8220;You own good companies! Personally, I would choose one of the two VOO/QQQ not both, but that&#8217;s just me and is not really a big deal&#8230; Other than that, I like everything else; I think I own all of them, except COIN. Look into buying other sectors, you are too heavily concentrated on tech.&#8221;
A commenter advised the poster to add a broad-market ETF to reduce complexity and risk.
&#8220;Too complex for this volume, many duplicates and missing diversification. Just do VOO or an [MSCI (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/msci#NYSE">MSCI</a>)] world index and that's it,&#8221; he wrote.
&#8220;VOO and QQQ are redundant and lend even more weight to the Mag 7. COIN, MSTR, TSLA, and NVDA are no-go long-term, I think. Try to add something more stable like [Raytheon Technologies (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rtx#NYSE">RTX</a>)], [UnitedHealth Group (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/unh#NYSE">UNH</a>)], or [The Coca-Cola Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ko#NYSE">KO</a>)],&#8221; a user suggested.
A Redditor recommended the investor add a mix of ETFs and stable dividend-paying stocks to improve the portfolio&#8217;s resilience.
&#8220;Continue with VOO, [Invesco NASDAQ 100 ETF (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/qqqm#NASDAQ">QQQM</a>)] only, and get some solid plays added from now on, diversify a bit. Can stick with ETFs or index, defense, utilities, energy, health care, precious metals, [Berkshire Hathaway (NYSE: BRK.A, BRK.B)], with the trade war, you need stuff that can survive. Look for some balance now with solid legacy names with dividends,&#8221; he wrote.
See Also: BlackRock is calling 2025 the year of alternative assets. <a href="https://www.benzinga.com/money/masterworks">One firm from NYC has quietly built a group of 60,000+ investors who have all joined in on an alt asset class previously exclusive to billionaires like Bezos and Gates.</a>
Sell TSLA, COIN, and MSTR
The poster&#8217;s most controversial holdings were TSLA, COIN, and MSTR, and some commenters argued that he should get rid of them since they&#8217;re too risky for a 10-year hold.
&#8220;Sell the TSLA and take the win; it's overvalued dramatically,&#8221; a comment reads.
&#8220;I'd scrub TSLA and MSTR and put it in VOO or QQQ. Tesla's valuation is and has been insane forever, even after the sell-off. The fundamentals are just awful for its valuation. And that's not even dipping into political stuff. Plus, it's already a decent weight in VOO anyway. And MSTR is straight-up junk,&#8221; a Redditor said.
This user also suggested selling the three stocks, saying, &#8220;I would personally remove MSTR, COIN, and TSLA and buy more of QQQ/VOO.&#8221;
&#8220;Get rid of TSLA before it wrecks your portfolio!&#8221; another comment reads.
One Redditor shared he would never hold MSTR for the long term, and suggested HOOD instead of COIN.
&#8220;No way I would hold MSTR for 10 years. You are playing crypto with COIN; in my opinion, HOOD is the better bet now that they are getting into the higher-margin gambling business. If you want Bitcoin exposure, buy [iShares Bitcoin Trust (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ibit#NASDAQ">IBIT</a>)].
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COIN

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MSCI

QQQM

$14K Investor In TSLA, NVDA, And QQQ Faces Dilemma – 'Looking To Hold For At Least 10 Years' But Is That A Recipe For Disaster? Reddit Debates

Wall Street stumbled Friday as investors hustled to reevaluate their expectations with a hotter-than-anticipated inflation report and growing worries about imminent trade tariffs. <a href="https://www.benzinga.com/etfs">ETFs tracking the broad indexes</a> S&amp;P500 and Nasdaq 100, like SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>), The iShares Core S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IVV#NYSE">IVV</a>) and the Invesco QQQ Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), suffered losses as traders processed the most recent inflation reading and an alarming consumer sentiment report.
Inflation Halts Advancements Toward Rate Reduction
The Fed&#8217;s favored measure of inflation, the Personal Consumption Expenditures (PCE) price gauge, <a href="https://www.benzinga.com/economics/macro-economic-events/25/03/44535109/feds-favorite-inflation-gauge-rises-more-than-expected-in-february-casting-doubt-on-near-term-rate-cuts">rose 2.5% from the prior year, as expected</a>. Yet the core PCE that is watched most closely, adjusting for fidgety food and energy prices, gained 2.8%, beating expectations of 2.7% and its hottest level in more than a year.
LPL Financial chief economist Jeffrey Roach added that the increase in the core PCE print highlights <a href="https://www.benzinga.com/economics/macro-economic-events/25/03/44542821/inflation-will-accelerate-in-coming-months-if-april-2-tariffs-take-effect-economist-warns">lingering inflationary pressure</a>. He cited the rising savings rate, which hit 4.6%, as a sign that consumers are increasingly conservative about the outlook of the economy.
Comerica Bank&#8217;s chief economist, Bill Adams, seconded these fears, calling for a deceleration in consumer spending to weigh on real GDP growth in the first quarter of 2025. 
Also Read:<a href="https://www.benzinga.com/25/03/44545009/big-moves-at-intelthese-3-etfs-stand-to-benefit"> Big Moves At Intel: These 3 ETFs Stand To Benefit</a>
Market Sell-Off: SPY, IVV And QQQ Take The Brunt
The <a href="https://www.benzinga.com/topic/inflation">latest inflation figures</a> fueled a widespread sell-off on Wall Street on Friday, as all three major indexes lost heavily. S&amp;P 500 lost 2%, with the Nasdaq 100 losing 2.6%. Consequently, the SPY, an ETF that follows the S&amp;P 500, lost 2%, with QQQ, which follows the tech-heavy Nasdaq 100, losing 2.6% on Friday. IVV, another major ETF tracking the S&amp;P 500, also slumped 2%.
Tech stocks were hammered, with all of the <a href="https://www.benzinga.com/economics/macro-economic-events/25/03/44542620/inflation-fears-spark-risk-off-sentiment-as-magnificent-7-drop-whats-driving-markets-friday">Magnificent Seven trading in the red</a>. Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) and Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) led the decline, dropping 4.3% and 4.9%, respectively. Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), one of the highest holdings in SPY, wiped out its previous day&#8217;s gain, falling 3.4%.
Outlook: Volatility On The Horizon For SPY And QQQ
As inflation remained stickier than expected and the Federal Reserve increasingly under pressure to maintain higher rates, volatility in SPY and QQQ can be expected to continue. The slowdown in consumer spending, coupled with higher inflation and trade uncertainties, has created a vulnerable setup for the equity markets.
Though steady real disposable income growth could be a short-term buffer, as analyst Roach cautioned, any deceleration in pay growth would present an even bigger threat to the overall economy. Investors now look to the Federal Reserve&#8217;s next steps and the next steps in tariffs for more guidance in this uncharted economic climate.
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Photo: Shutterstock

Sticky Inflation Weighs On Markets — SPY, QQQ, Tech Stocks Take A Hit

The Federal Reserve's preferred measure of inflation came in hotter than expected on Friday. Experts are weighing in on how the latest data could affect<a href="https://www.benzinga.com/economics/macro-economic-events/25/03/44535109/feds-favorite-inflation-gauge-rises-more-than-expected-in-february-casting-doubt-on-near-term-rate-cuts"> the road ahead.&nbsp;</a>
The Details: The Personal Consumption Expenditures (PCE) price index rose 2.5% year-over-year, matching January's reading and economist forecasts of 2.5%. On a monthly basis, headline PCE rose 0.3%, in line with estimates.
However, core PCE climbed 2.8% from a year ago, up slightly from January&#8217;s 2.7% and above economists' expectations of 2.7%.&nbsp;
Read Next: <a href="https://www.benzinga.com/news/large-cap/25/03/44537429/cathie-wood-doubles-down-on-2600-tesla-stock-price-prediction">Cathie Wood Doubles Down On $2,600 Tesla Stock Price Prediction</a>
Bill Adams, chief economist for Comerica Bank, said that February's spending data confirms a slowdown in consumer activity in the first quarter of 2025 and predicted that real GDP will be slower in the quarter as well.&nbsp;
The Federal Reserve is in a tight spot with interest rates as the economy appears to be slowing and inflation is likely to pick back up in 2025.&nbsp;
"If tariffs rise on April 2 as pledged, inflation will accelerate in coming months," Adams said.&nbsp;
Joseph Brusuelas, chief economist for RSM, said that "inflation improvement has stalled out" and warned about tariffs and trade policies affecting the economic data ahead.&nbsp;
<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">February PCE Price Index: inflation improvement has stalled out. The notion of stubborn and sticky inflation is the primary narrative here in advance of the greater trade shock that will show up in the hard data in coming months. The second round effects are going to be key here…
&mdash; Joseph Brusuelas (@joebrusuelas) <a href="https://twitter.com/joebrusuelas/status/1905600139957277044?ref_src=twsrc%5Etfw">March 28, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Jeffrey Roach, chief economist for LPL Financial, highlighted February's core PCE index as the hottest print in more than a year and said the savings rate rose to 4.6%, as consumers grow more cautious about the future.
Roach sees income growth as supporting the economy for now, but sees trouble ahead if income growth slows.&nbsp;
"Stable real disposable income growth will likely provide a buffer for the economy nervous about a trade war and sticky inflation. But if income growth falters, the economy will be at greater risk," he said.&nbsp;
Markets React: All three major indexes were down sharply in midday trading Friday as markets digest the PCE data and worse-than-expected consumer <a href="https://www.benzinga.com/25/03/44537936/consumer-inflation-expectations-skyrocket-in-march-hit-highest-levels-in-32-years">sentiment survey</a> released earlier in the day.&nbsp;President Donald Trump&#8217;s tariffs continue to roil markets with more expected next week. 
The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>), tracking the S&amp;P 500, was down 1.9% and the Invesco QQQ Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), tracking the Nasdaq 100 index, was down 2.6% at the time of publication Friday.  
Read Next:<a href="https://www.benzinga.com/government/regulations/25/03/44517885/trump-slaps-25-tariffs-on-autos-what-it-means-for-your-next-car-purchase">&nbsp;</a>
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Image: Shutterstock

'Inflation Will Accelerate In Coming Months' If April 2 Tariffs Take Effect, Economist Warns

Markets faltered on Friday, with Wall Street reeling as investors hurried to shed risk in the face of mounting <a href="https://www.benzinga.com/25/03/44537936/consumer-inflation-expectations-skyrocket-in-march-hit-highest-levels-in-32-years">inflation and tariff uncertainties.</a>
The S&amp;P 500 fell 2.1% by 1:30 p.m. trading in New York, on track to end the week with losses. The tech-heavy Nasdaq 100 tumbled 2.6%, and the Dow fell 1.7%. 
All members of the Magnificent Seven group were in the red, with Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) and Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) marking the widest drops, both down 4.4%.
Earlier on Friday, the Fed's favorite inflation gauge – the core Personal Consumption Expenditure price index – rose 2.8% on a yearly basis in February, surprising estimates of 2.7%. 
Investor anxiety deepened following the latest University of Michigan Survey of Consumers, which showed 5-year forward inflation expectations jumping to 4.1% — a 0.2-point increase from prior estimates and the highest reading since February 1993. As stocks fell in unison, a flight to safety ensued, sending gold up 1% to a record-breaking $3,090 per ounce. Treasury bonds also rallied, with yields declining across all maturities. 
Price action in commodities was mixed with oil down 1% and natural gas up 2.4%. Sentiment in crypto also took a sharp hit, with Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) down by 4% to below $84,000, flipping to weekly losses.
<h3 class="wp-block-heading">Friday's Performance In Major US Indices, ETFs</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>Chg %</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>41,597.02</td>
<td>-1.7%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,574.84</td>
<td>-2.1%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,016.62</td>
<td>-2.3%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>19,283.98</td>
<td>-2.6%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 1:20 p.m. ET</figcaption></figure>
According to&nbsp;<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent&amp;t=be2bearmibe3na1" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>&nbsp;data:
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>)&nbsp;fell 2.1% to $555.41.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>)&nbsp;eased 1.8% to $415.31.</li>
<li>The tech-heavy&nbsp;Invesco QQQ Trust Series&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>)&nbsp;dropped 2.7% to $468.61.</li>
<li>The&nbsp;iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>)&nbsp;fell 2.5% to $199.57</li>
<li>The&nbsp;Utilities&nbsp;Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLU#NYSE">XLU</a>) outperformed, up 0.9%; the&nbsp;Consumer Discretionary&nbsp;Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLY#NYSE">XLY</a>)&nbsp;lagged, down 3.2%.</li>
</ul>
<h3 class="wp-block-heading">Friday&#8217;s Stock Movers</h3>
<ul>
<li>Shares of Lululemon Athletica Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LULU#NASDAQ">LULU</a>) sunk 15% in reaction to the company&#8217;s earnings report. </li>
<li>Michigan-based automakers extended losses as investors asses the impact from tariffs. General Motors Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) fell 2% following a nearly 6% drop on Thursday. Ford Motor. Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>) fell 2.7% after a 3.9% drop a day earlier.</li>
<li>Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) erased Thursday&#8217;s gains and fell 3.5%. </li>
<li>Crypto-related stocks plummeted, with Strategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) down nearly 10%. Coinbase Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) fell over 7%, heading for the lowest close since mid-October 2024. </li>
</ul>
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Image created using artificial intelligence via Midjourney.

LULU

Select Sector SPDR-Consumer Discretionary

Inflation Fears Spark Risk-Off Sentiment As Magnificent 7 Drop: What's Driving Markets Friday?

The preliminary reading had already raised eyebrows among investors, yet the final data turned out even worse than feared. 
Five-year ahead inflation expectations — which reflect American consumers' perceptions of more structural inflation concerns — jumped to 4.1% in March, according to the final report released by the University of Michigan.
This marks an upward revision from the preliminary estimate of 3.9%, bringing the gauge to its highest level since February 1993.
Inflation concerns for the next 12 months were also upwardly revised from 4.9% to 5%, marking the highest since July 2022.
<h3 class="wp-block-heading">Chart: 5-Year Consumer Inflation Expectations Rose Over Three-Decade Highs</h3>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="529" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/28102728/USMIE5Y_2025-03-28_14-27-17_47e29-1024x529.png" alt="" class="wp-image-847068" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/28102728/USMIE5Y_2025-03-28_14-27-17_47e29-1024x529.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/28102728/USMIE5Y_2025-03-28_14-27-17_47e29-300x155.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/28102728/USMIE5Y_2025-03-28_14-27-17_47e29-768x396.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/28102728/USMIE5Y_2025-03-28_14-27-17_47e29-1536x793.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/28102728/USMIE5Y_2025-03-28_14-27-17_47e29.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
<h3 class="wp-block-heading">Consumer Sentiment Sinks In March, Inflation Fears Go Haywire</h3>
The University of Michigan's headline consumer sentiment index was revised down to 57.0 in March from a preliminary 57.9, plunging from 64.7 in February. This is the weakest reading in consumer sentiment since November 2022.
&#8220;Consumer sentiment confirmed its early month reading and fell for the third straight month, plummeting 12% from February,&#8221; Surveys of Consumers director Joanne Hsu, said in a Friday&#8217;s note. 
The subindex tracking consumer expectation was downwardly revised from 54.2 to 52.6, hitting the lowest since July 2022. 
&#8220;The expectations index plunged a precipitous 18% and has now lost more than 30% since November 2024,&#8221; Hsu added. 
The subindex for current conditions witnessed a minor improvement from 63.5 to 63.8, yet still marking a nearly 3% decline from February. 
<h3 class="wp-block-heading">Labor Market Concerns Rise</h3>
The report also highlighted growing concerns about the labor market. Consumers remain uneasy about potential economic fallout from current policy developments. Strikingly, two-thirds of respondents now expect unemployment to increase over the next year — the highest level since 2009. 
This trend underscores a critical vulnerability, as resilient labor markets and steady incomes have been the main pillars sustaining consumer spending in recent years.
<h3 class="wp-block-heading">Market Reactions</h3>
Earlier this month, Fed Chair Jerome Powell dismissed the University of Michigan's survey-based inflation expectations as an "outlier," downplaying its significance.
Investors, however, appear to disagree.
Major U.S. equity indices dropped sharply on Friday following the release of the final University of Michigan inflation data, which triggered an even stronger market reaction than the hotter-than-expected reading of the Fed's preferred inflation gauge earlier in the day. The S&amp;P 500 — tracked by the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) — fell 1.1%, while the tech-heavy Invesco QQQ Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) underperformed with a 1.3% decline. The Dow Jones Industrial Average also slid 0.9%.
Lululemon Athletica Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LULU#NASDAQ">LULU</a>) led losses within the S&amp;P 500 index, plunging 15% after reporting weaker-than-expected earnings. 
Excluding Lululemon, consumer discretionary stocks — particularly those tied to the travel and leisure sectors — bore the brunt of the negative sentiment following the University of Michigan consumer data.
Shares of Royal Caribbean Cruises Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RCL#NYSE">RCL</a>) sunk 3.1%, heading for a fourth straight session of declines, while MGM Resorts International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MGM#NYSE">MGM</a>) plummeted 4.3%. 
Within Magnificent Seven stocks, Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMNZ#NASDAQ">AMNZ</a>) was the underperformer, down 3%, followed by Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), down 2.2%. 
Read Next: 
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<li><a href="https://www.benzinga.com/government/regulations/25/03/44524354/us-debt-to-explode-past-world-war-ii-highs-threatens-growth-for-decades-cbo-says">US Debt To Explode Past World War II Highs, Threatens Growth For Decades: CBO</a></li>
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Photo: Shutterstock

AMNZ

Consumer Inflation Expectations Skyrocket In March, Hit Highest Levels In 32 Years

Major indexes are lower following a greater-than-expected rise in the code PCE price index in February while personal spending missed estimates. Additionally, auto stocks continued lower following recent tariff announcements.

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