Stocks Crater on Trump Tariffs

MRKT Matrix - Thursday, April 3rd

• Dow nosedives 1,600 points, S&P 500 and Nasdaq drop the most since 2020 after Trump's tariff onslaught (CNBC)
• US Emerges as Biggest Loser in Markets From Trump’s Tariff (Bloomberg)
• Economists Slash US Growth, Boost Inflation Forecasts on Tariffs (Bloomberg)
• Traders Bet on More Fed Cuts With 10-Year Yield Headed Toward 4% (Bloomberg)
• Commerce Secretary Lutnick says Trump’s reciprocal tariffs will spur countries to examine their trade policies (CNBC)
• Macron Suggests Retaliation Against U.S. Tech Services For Trump Tariffs (WSJ)
• Nvidia positioned to weather Trump tariffs, chip demand ‘off the charts,’ says Altimeter’s Gerstner (CNBC)
• Two retailers could end up beneficiaries of tariffs, says Citi in upgrade (CNBC)
• DOGE-Related Plans to Cut Jobs Top 280,000 in Challenger Report (Bloomberg)
• Intel, TSMC Tentatively Agree to Form Chipmaking Joint Venture (The Information)

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Story curation by RiskReversal, scripts by Perplexity Pro, voice by ElevenLabs