April 29, 2025

Midday Market Roundup for Tuesday, April 29, 2025

Good afternoon. Here are the top four global financial and economic topics shaping markets at midday, Tuesday, April 29, 2025:

1. U.S. Economy Faces Sharp Slowdown Amid Tariff Impact

The U.S. economy, while facing challenges, also holds potential for growth. It likely experienced its worst quarter since the Covid-19 pandemic, with GDP growth slowing dramatically in the first quarter of 2025. According to CNN, this slowdown is primarily attributed to increased imports as consumers and businesses rushed to beat newly imposed tariffs, disrupting supply chains and business investment. The Commerce Department is expected to release preliminary GDP data soon, with economists forecasting growth near zero or even negative territory. However, with consumer spending weakened early in the quarter due to severe weather and policy uncertainty, there is also room for improvement, compounding the economic challenges (CNN).

2. Stock Markets Show Mixed Performance Amid Earnings and Trade Concerns

U.S. stock markets experienced volatility in April, with the Dow Jones Industrial Average down over 4% and the S&P 500 down about 1%, while the Nasdaq Composite gained slightly. According to CNBC and Nasdaq, recent earnings reports have been mixed, with some companies like Leggett & Platt and Woodward exceeding expectations. In contrast, others caution about the impact of tariffs on consumer confidence and costs. Investors remain cautious ahead of a busy earnings week and ongoing uncertainty about trade policies (CNBC; Nasdaq).

3. Winners and Losers in Trump’s First 100 Days

As President Trump approaches his first 100 days in office, U.S. News highlights the sectors and companies most affected by his policies. Data analytics firm Palantir has been the top S&P 500 performer, rising nearly 60%, benefiting from defense contracts and government partnerships. Gold mining companies like Newmont and Barrick Gold have also surged amid economic uncertainty. Conversely, airlines have suffered significant losses due to tariffs and reduced demand, with Tesla’s stock down 33% amid concerns over CEO Elon Musk’s divided focus. Department stores and semiconductor equipment makers have also faced steep declines (U.S. News).

4. Global Markets Steady Despite Trade Uncertainty

Global markets showed signs of stabilization on Tuesday, with European stocks gaining modestly and Asian markets mixed. The dollar and Treasury yields steadied after recent volatility. China signaled a willingness to support normal business cooperation with U.S. firms, easing some trade tensions. Oil prices fell slightly, while gold prices remained near record highs as investors sought safe havens amid ongoing uncertainty. According to Dow Jones Newswires, markets remain cautious but seek clearer signals on trade and economic policies (Dow Jones via Morningstar).

Sources

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The information provided in this article is for informational purposes only and does not constitute investment, legal, or financial advice. This content is not intended as a recommendation to buy or sell any security or investment product. Readers should consult with qualified financial, legal, and tax advisors before making any investment decisions.

The views and opinions expressed are based on sources believed to be reliable but are not guaranteed for accuracy or completeness. Any forward-looking statements are based on current expectations and projections, which may change without notice.

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Midday Market Roundup for Tuesday, April 29, 2025

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