Wall Street ends higher with Apple shares as investors assess tariff exemptions
Mon April 14, 2025 6:31 PM
It was another seesaw day with the indexes way up in the morning, the Dow up some 550 points by 11 a.m. when suddenly all three indexes came crashing down until noon, the Dow losing all its gains plus 50 in the red, then all three rising again dramatically until 3 pm, the Dow again gaining more than 600 before falling again in the final ¼ hour to close up 312. That’s one rollercoaster! It was all a combo of the elation from Friday of electronics being momentarily exempted from the tariffs to the continued uncertainties about the rest of the tariffs. For today anyway, what’s good for Apple is good for the market and the exemption was very good for Apple as well as Dell and HP, all of which rose between 2 and 4%.
Q1 reporting has started and more banks came in today with more positive results and with other heavy hitters like Netflix coming later this week. There is concern about the so-called S&P “death cross” (the 50-day MA falling below the 200) but historical data suggests it’s not necessarily bad news (though the report did not state what % was bad news). The consensus remains that the uncertainty makes it very difficult for anyone to make plans for investing and consuming, certainly no long-range plans. The good news is that the VIX has fallen considerably, now at 30.89, almost back into a normal range. Volume too is almost back to a normal range coming in at 18.2 billion, very close to the 18.7 billion average.
DJ: 40,212.71 +619.05 NAS: 16,724.46
+337.15 S&P: 5,363.36
+95.31 4/11
DJ: 40,524.79 +312.08 NAS: 16,831.48 +107.03 S&P: 5,405.97 +42.61 4/14
No comments:
Post a Comment