{"id":271065,"date":"2025-04-01T03:37:06","date_gmt":"2025-04-01T03:37:06","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2025\/04\/01\/sp-nasdaq-log-worst-quarterly-slumps-in-years-as-trump-tariff-fears-rattle-markets-the-times-of-india\/"},"modified":"2025-04-01T03:37:06","modified_gmt":"2025-04-01T03:37:06","slug":"sp-nasdaq-log-worst-quarterly-slumps-in-years-as-trump-tariff-fears-rattle-markets-the-times-of-india","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2025\/04\/01\/sp-nasdaq-log-worst-quarterly-slumps-in-years-as-trump-tariff-fears-rattle-markets-the-times-of-india\/","title":{"rendered":"S&P, Nasdaq log worst quarterly slumps in years as Trump tariff fears rattle markets – The Times of India"},"content":{"rendered":"
\"S&P,<\/div>


\n<\/p>\n

\n
\n
\n
\n
\n
\n
\n
<\/div>\n<\/div>\n<\/div>\n
Markets are on edge ahead of Trump\u2019s anticipated Wednesday announcement of sweeping new tariffs, dubbed \u201cLiberation Day\u201d by the president. <\/span><\/div>\n<\/section>\n<\/div><\/div>\n<\/div>\n

The S&P 500 and Nasdaq Composite just closed their worst quarter in years, hammered by investor anxiety over President Donald Trump<\/a>\u2019s escalating tariff agenda. The S&P 500 dropped 4.6%, its steepest quarterly loss since Q3 2022, while the Nasdaq plummeted 10.5%, its worst showing since Q2 2022, a Reuters report said.
The downturn capped a bruising March for equities, marking their biggest monthly drop since December 2022.
\u201cInvestors, more or less in this first quarter, threw their hands in the air, as you really cannot trade around this,\u201d said Adam Turnquist, chief technical strategist at LPL Financial.
Big tech falters as \u2018Magnificent Seven\u2019 selloff deepens<\/span>
Once market darlings, tech giants led the retreat. Tesla plunged nearly 36% in Q1, and Nvidia dropped close to 20%. The pullback in growth stocks dragged the Nasdaq lower and weighed on S&P 500 performance.
\u201cOur big lesson from the first quarter is diversification is not dead,\u201d said Michael Reynolds, vice president of investment strategy at Glenmede. \u201cIf you avoided the perils of market concentration, you actually held up quite a bit better versus some of the headline indexes.\u201d
Despite losses in tech-heavy sectors, more than half of the S&P 500’s 11 sectors posted gains. Energy outperformed with a 9.3% rise, while consumer staples rose 1.6% on Monday alone, bolstered by its reputation as a defensive play.
Monday market snapshot: A mixed close<\/span>
Markets showed some resilience on Monday, with the S&P 500 climbing 0.55% to 5,611.85 and the Dow Jones Industrial Average rising 1% to 42,001.76. The Nasdaq slipped 0.14% to 17,299.29 as Big Tech losses outweighed gains elsewhere.
Financials led gains, as shares of Discover Financial Services and Capital One Financial rose 7.5% and 3.3%, respectively, on optimism around their proposed merger.
Tariff uncertainty looms over Wall Street<\/span>
Markets are on edge ahead of Trump\u2019s anticipated Wednesday announcement of sweeping new tariffs, dubbed \u201cLiberation Day\u201d by the president. The administration has hinted at tariffs on all nations, compounding fears of inflation and slowing growth.
Goldman Sachs responded by upping its recession odds to 35%, downshifting its S&P 500 year-end target to 5,700, and predicting more rate cuts from the Federal Reserve.
The CBOE Volatility Index jumped to 22.28, a two-week high, as traders brace for Wednesday\u2019s tariff announcement.
Global markets sway; gold hits all-time high<\/span>
US stock swings echoed around the world, with Japan\u2019s Nikkei 225 falling 4% and France\u2019s CAC 40 down 1.6%. Meanwhile, investors sought safety in gold, sending spot prices to a record $3,122.80 per troy ounce \u2014 up 19% since January.
Gold futures also surged, nearing $3,157.40 per ounce, fueled by escalating trade tensions and economic uncertainty.
Interest in gold, often seen as a safe haven, is surging. \u201cThe people who typically profit from precious metals are the sellers,\u201d the Commodity Futures Trade Commission warned, noting the potential risks of volatile pricing and fraud.
What\u2019s next: Economic data and Fed speeches
Investors are also eyeing upcoming economic reports \u2014 including ISM surveys and Friday\u2019s non-farm payrolls \u2014 as well as speeches from Fed Chair Jerome Powell and other officials.
With Trump\u2019s trade policy driving fear and volatility, markets are poised for more turbulence. Whether Wednesday\u2019s announcement clarifies direction or deepens uncertainty remains to be seen.
(With inputs from agencies)<\/div>\n