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Market Update: This Is What Mixed Sentiment Looks Like

Market Update: This Is What Mixed Sentiment Looks Like

Published: by Omor IE

Key Points

  • The stock market is up slightly, but the overall sentiment is mixed.

  • Most big-cap stocks are up, albeit slightly.

  • Lingering concerns about the broader market are still weighing in on performance.

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The stock market has opened slightly higher after a big rally yesterday, but things are already cooling off due to housing macros coming in soft. Members of the Federal Reserve also didn’t make many optimistic comments, as Fed’s Bostic said that we could have just one rate cut this year.

Stocks are reacting in a mixed fashion today since there’s still some good news regarding tariffs. Investors had priced in a full-blown trade war as Trump seemed set to impose blanket reciprocal tariffs on all countries starting on April 2nd. That didn’t happen, but yesterday’s rally seems to have accounted for the positive shift in sentiment. The stock market again seems back in uncertain territory.

Here’s a market update as of 10:45 A.M (ET) today.

  • The S&P 500 is up 9 points, or 0.16%.
  • The Nasdaq Composite is up 67.6 points, or 0.37%.
  • Dow Jones Industrial Average is up 33.5 points, or 0.08%.
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The Magnificent Seven Aren’t Moving In Tandem Today

More growth-oriented stocks in the Mag 7 group have underperformed today. These are also the stocks that performed best during yesterday’s rally.

Tesla (NASDAQ: TSLA) is down slightly so far, and NVIDIA (NASDAQ: NVDA) is down 1% and is near the $120 level.

Most other Mag 7 stocks are up, with Meta Platforms (NASDAQ: META) leading the pack. It has gained 1.7% so far today.

Among the big-cap stocks, Netflix (NASDAQ: NFLX) has also moved higher significantly and is up over 2.46% today.

Notable Gainers Today

  • Tenon Medical (NASDAQ: TNON): Up 276% as it gets the green light for complex spine surgery from the FDA.
  • DatChat (NASDAQ: DATS): Up 140% as it launches the Myseum social media platform.
  • Desktop Metal (NYSE: DM): Up by 91.2% as the Delaware Court of Chancery ruled in favor of the company in its pending litigation against Nano Dimension (NASDAQ: NNDM). In turn, NNDM is down 17% today.
  • Alumis (NASDAQ: ALMS): Up 13% on a Japan dermatology deal.
  • Trump Media & Technology Group (NASDAQ: DJT): Up over 11% due to news of an ETF deal with Crypto.com.

Notable Losers Today

  • CorMedix (NASDAQ: CRMD): Down 31%, even though it reported its first profit due to concerns about its guidance.
  • Prairie Operating (NASDAQ: PROP): Down 22% as it offers more sales of its common stock.
  • Genelux (NASDAQ: GNLX): Down 21.6% due to a big stock offering.
  • Cassava Sciences (NASDAQ: SAVA): Down over 20% due to its Alzheimer’s program ending.
  • Atomera (NASDAQ: ATOM): Down 13% due to the departure of VP Shawn Thomas.

The image featured at the top of this post is ©monsitj / iStock via Getty Images.

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