4/1/2025
Market Performance
Nasdaq up .87%
Dow Jones Industrial Average down .03%
S&P 500 up .7%
Tomorrow, Wednesday the White House is expected to unveil reciprocal tariffs on goods from all countries
White House considering 20% tariff on most U.S. imports
Stocks could bounce back over the next few months after a tumultuous first quarter, according to RBC Wealth Management
Here is the depressing gritty section
If the 25% tariffs on Canadian and Mexican goods were fully implemented as initially proposed, the total increase in imported construction material costs would exceed $3 billion, the NAHB said
For homebuilding giant D.R. Horton, around 20% of its lumber is estimated to come from Canada. The Texas-based company
GDP now expected to fall -3.7% as opposed to the estimated +3.8% after the handoff from the previous administration
The S&P 500 is on track for its worst quarter compared to the rest of the world since the 1980s, per Bloomberg.
6.1 million Americans are behind on their mortgage.
FHA delinquencies just hit 11.03% — the highest in years.
Job postings on Indeed dropped -10% year-over-year last week to the lowest in 4 years
A hiring freeze is often considered a leading indicator of economic downturns or company-specific financial stress
Corporate Cost-Cutting: When companies anticipate lower revenues or rising costs, they slow hiring before making deeper cuts like layoffs
Sources
https://www.cnbc.com/2025/03/31/stock-market-today-live-updates.html
https://www.cnbc.com/2025/03/31/stock-market-today-live-updates.html#108124034-sYFbqFMeP
