Stocks Rise Despite Manufacturing Contraction; Tariff Announcement Looms

Stock Market News

493 words · 2 mins read

Key Takeaways

S&P 500 and Nasdaq closed higher after a volatile session on 2025-04-02.
US manufacturing contracted, and price pressures surged amid tariff uncertainty on 2025-04-02.
Job openings hit their lowest level since September, signaling a cooling labor market.
BlackBerry forecasts lower revenue due to weak demand for cybersecurity services.
S&P downgraded Foot Locker's credit rating to 'BB-' due to operating challenges.

Market Snapshot

S&P 500 and Nasdaq closed higher after volatile session

On 2025-04-02, the S&P 500 and Nasdaq closed higher after a volatile session, amidst anticipation of Trump's tariff announcement.

Stocks dropped in countdown to Trump's tariff reveal

European stocks sliding as investors prepare for worst

On 2025-04-02, it was reported that European stocks are declining as investors brace for potential negative market conditions.

India stocks closed higher, Nifty 50 up 0.72%

On 2025-04-02, Investing.com reported that India stocks closed higher, with the Nifty 50 increasing by 0.72%.

Economy Today

US manufacturing contracts, price pressures surge

On 2025-04-02, reports indicated that the US manufacturing sector slipped into contraction as price pressures surged amid uncertainty surrounding Trump's tariffs.

Job openings hit lowest level since September

On 2025-04-02, reports indicated that job openings reached their lowest level since September, signaling a cooling labor market.

Company Spotlight

BlackBerry forecasts lower revenue due to weak demand

On 2025-04-02, Reuters reported that BlackBerry has forecasted lower annual revenue, citing weak demand for its cybersecurity services.

Lundbeck shares drop 6% after Deutsche Bank downgrade

On 2025-04-02, Lundbeck shares experienced a 6% decrease following Deutsche Bank's decision to downgrade the stock to "hold".

Trump Media stock falls on dilution concerns

On 2025-04-02, reports indicated that Trump Media & Technology Group stock is declining due to concerns about stock dilution.

Ford's U.S. sales slightly down, truck/EV growth

Ford's overall U.S. sales for Q1 2025 saw a slight decrease, but the company experienced growth in its truck and electric vehicle segments, according to a report published on 2025-04-01, regarding the events on 2025-03-31.

Nokia advances share buyback program

On 2025-04-01, it was published that Nokia is advancing its share buyback program with the latest acquisition.

Jaguar Health completes $3.4 million private placement

Analyst Insights

S&P downgrades Foot Locker's credit rating to 'BB-'

On 2025-04-01, S&P downgraded Foot Locker's credit rating to 'BB-' due to operating challenges, according to a report published on the same day.

AI's top stock picks for April after 149% Q1 gain

Investing.com published on 2025-04-01 an article about AI's top stock picks for April, following a 149% gain in Q1.

Sector Watch

Apple Pay a problem for PayPal?

On 2025-04-02, an article was published discussing a Wall Street analyst's perspective on whether Apple Pay poses a problem for PayPal, exploring the potential impact on PayPal's market position.

Executive Transactions

On24 CEO Sharan Sharat sold $205,187 in stock

On 2025-04-01, it was reported that On24 CEO Sharan Sharat sold $205,187 in company stock.

PNC Financial CEO William Demchak sold $217,076 stock

Policy Updates

SEC, Winklevoss twins near Gemini Earn resolution?

On 2025-04-01, it was reported that the SEC and the billionaire Winklevoss twins may be nearing a resolution to a lawsuit concerning Gemini Earn.

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