In Tuesday’s premarket session, stock index futures were down, led lower by the Dow. Monday marked the last day of the month and quarter, showing typical end-of-period movement, but no significant short- or long-term trend changes. The S&P 500 ended March down 5.86%, the Nasdaq down 7.72%, and the TSX down only 1.87%. While Monday saw a bullish reversal, key indices like the Nasdaq 100 and S&P 500 failed to break above previous highs. Semiconductor stocks continued to struggle, closing lower and signaling further market weakness.
Despite a positive session, the market showed concerning signs, including new lows for Amazon, Nvidia, and Boeing, while the VIX remained elevated, indicating continued bearish sentiment. Walmart, Sherwin-Williams, and Home Depot stayed on buy signals, while stocks like Moderna and Lululemon suffered steep declines. The TSX performed better, with gold stocks and insurers leading gains, though mining stocks like First Quantum and Teck lagged. The overall market remains in a volatile phase, with further downside risks in the coming days.
Stephen Whiteside
Tuesday, April 1, 2025
