US Stocks Suffer Worst Quarter Since 2022; Newsmax Shares Soar After IPO

Stock Market News

384 words · 2 mins read

Key Takeaways

US stocks had their worst quarter since 2022 due to tariff concerns.
Newsmax shares surged 43% premarket after a 735% IPO rally.
Canada's TSX closed higher, gaining 0.64%, driven by energy and financials.
Moody’s downgraded West China Cement’s ratings and assigned a negative outlook.
PRKS Stock dipped to a 52-week low at $44.71.

Market Snapshot

US stocks see worst quarter since 2022 on tariff fears

On April 1, 2025, reports indicated that US stocks had their worst quarter since 2022, driven by concerns over potential tariffs imposed by Trump.

Canada stocks close higher; TSX gains in energy, financials

On March 31, 2025, Canada's stock market closed higher, with the S&P/TSX Composite index increasing by 0.64%. Reuters also reported that the TSX recouped some monthly losses due to gains in the energy and financials sectors.

PRKS Stock dips to 52-week low at $44.71

On March 31, 2025, PRKS Stock dipped to a 52-week low at $44.71 amid market challenges.

Biggest Movers

Newsmax shares surge 43% premarket after IPO rally

On April 1, 2025, Newsmax shares jumped 43% in premarket trading, following a substantial 735% rally after its initial public offering.

Analyst Insights

Moody’s downgrades West China Cement with negative outlook

On April 1, 2025, Moody’s downgraded West China Cement’s ratings and assigned a negative outlook, according to a report published the same day.

BofA downgrades Bank of Nova Scotia amid outlook concerns

Moody’s upgrades Nasdaq to Baa1 with stable outlook

Economy Today

Fed’s Williams: Policy well positioned amid uncertainties

Eurozone inflation falls to 2.2%, rate cut argument strengthens

Company Spotlight

Coherus BioSciences to repurchase $170M in notes

Coherus BioSciences is set to repurchase $170 million in convertible notes, as reported on April 1, 2025.

esure Group reports strong growth in 2024 results

On April 1, 2025, it was reported that esure Group experienced strong growth in its 2024 annual results.

Tesla's France, Sweden car sales hit 4-year low

Reuters reported on March 31, 2025, that Tesla car sales in France and Sweden dropped to their lowest first-quarter levels in four years.

Oklo Inc. director acquires $147,411 in company stock

NIO Inc. reports 14% increase in March deliveries

General Motors recalls 10,643 vehicles

On April 1, 2025, General Motors issued a recall for 10,643 vehicles due to incorrect information regarding head restraints.

Global View

BOJ likely to raise rates in May: ING

ING reports that the Bank of Japan (BOJ) is likely to raise interest rates in May, as Japan's economy shows signs of recovery.

China pledges fair ruling in beef tariff investigation

Follow What Matters to You