The Nasdaq took a significant dive today, plummeting over 400 points to close at 15,870.90. The S&P 500 wasn’t far behind, experiencing a 2.36% drop to 5,158.20, while the Dow Jones Industrial Average also fell by 2.48%, settling at 38,170.41. This broad market downturn highlighted several key stocks that captured investor attention.
Tesla’s stock experienced a notable 5.96% decline, closing at $227.42. The day’s trading saw a high of $232.21 and a low of $222.79, a range that reflects the current market uncertainty. Investors are anxiously awaiting Tesla’s first-quarter earnings report, due out Tuesday after market close. Analysts predict earnings of 41 cents per share on $21.35 billion in revenue, but the market’s focus remains on CEO Elon Musk’s ability to reassure investors concerning the company’s recent stock performance.
Amazon also felt the market pressure, with a 3.11% drop, closing at $167.32. The stock saw a daily high of $169.60 and a low of $165.29. Raymond James analyst Josh Beck’s downgrade from Strong Buy to Outperform, along with a slashed price target from $275 to $195, highlights growing concerns about the impact of tariffs on Amazon’s operations.
Meta Platforms wasn’t immune to the downturn, experiencing a 3.35% decrease, closing at $484.66. The stock traded between a high of $493.50 and a low of $479.80. The company is currently navigating a major antitrust trial, facing accusations of maintaining a social networking monopoly and potential divestment of Instagram and WhatsApp. These legal challenges, coupled with ongoing tariff and inflation concerns, add to the pressure on Meta’s stock price.
Broadcom’s shares also fell, declining by 2.80% to close at $166.21. The semiconductor industry is currently facing headwinds, particularly with Huawei’s announcement of a new AI chip that could pose a challenge to Nvidia’s H20 line, impacting Broadcom and its peers.
Nvidia Corporation saw a 4.51% drop, closing at $96.91. The stock’s intraday high was $99.44, and the low was $95.04. Similar to Broadcom, Huawei’s new 910C AI chip, designed to compete with Nvidia’s H100, is contributing to the decline in Nvidia’s stock price.
Benzinga Edge Stock Rankings reveal a mixed picture for Tesla, showing high momentum but lower value. The current market volatility presents challenges and opportunities, requiring investors to carefully assess the risks and potential rewards associated with these and other stocks.
