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US STOCKS: Late Equities Roundup: Triple Witching, Well Off Early Lows

US STOCKS
USEquitiesBulletMarketsFixed Income BulletsForeign Exchange BulletsNorth America
  • Major US indexes have see-sawed off early session lows Friday into the first triple witching expiration of 2025. In light of Pres Trump's reciprocal tariff "Liberation Day" that starts April 2, the bounce off lows was more position squaring related ahead of the weekend than going long risk as global trade remains uncertain.
  • Currently, the DJIA trades down 83.96 points (-0.2%) at 41870.24, S&P E-Minis down 17.25 points (-0.3%) at 5696, Nasdaq down 9 points (-0.1%) at 17683.24.
  • Communication Services and Consumer Discretionary sectors helped lead the rebound in the second half, interactive media and entertainment supported the former: Meta Platforms +1.50%, Fox Corp +1.17% and Electronic Arts +1.02%.
  • Tesla +4.47%, Norwegian Cruise Line Holdings +1.94%, Deckers Outdoor +1.77% and Ulta Beauty +1.45% led second half gainers in the Discretionary sector.
  • Materials and Energy sectors underperformed in late trade. Weighing on the former: Nucor -5.84%, Steel Dynamics -2.87% and Amcor -2.52% while Texas Pacific Land -6.79%, Phillips 66 -2.56% and Valero Energy  -2.17% weighed on the Energy sector.
  • Other notable laggers: FedEx Corp -6.17% after missing earnings, while NIKE Inc -5.47% and Lennar Corp -4.05% despite beating expectations.
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  • Major US indexes have see-sawed off early session lows Friday into the first triple witching expiration of 2025. In light of Pres Trump's reciprocal tariff "Liberation Day" that starts April 2, the bounce off lows was more position squaring related ahead of the weekend than going long risk as global trade remains uncertain.
  • Currently, the DJIA trades down 83.96 points (-0.2%) at 41870.24, S&P E-Minis down 17.25 points (-0.3%) at 5696, Nasdaq down 9 points (-0.1%) at 17683.24.
  • Communication Services and Consumer Discretionary sectors helped lead the rebound in the second half, interactive media and entertainment supported the former: Meta Platforms +1.50%, Fox Corp +1.17% and Electronic Arts +1.02%.
  • Tesla +4.47%, Norwegian Cruise Line Holdings +1.94%, Deckers Outdoor +1.77% and Ulta Beauty +1.45% led second half gainers in the Discretionary sector.
  • Materials and Energy sectors underperformed in late trade. Weighing on the former: Nucor -5.84%, Steel Dynamics -2.87% and Amcor -2.52% while Texas Pacific Land -6.79%, Phillips 66 -2.56% and Valero Energy  -2.17% weighed on the Energy sector.
  • Other notable laggers: FedEx Corp -6.17% after missing earnings, while NIKE Inc -5.47% and Lennar Corp -4.05% despite beating expectations.