US Markets Today CNBC Market Trends

The US markets are always on the move, and staying on top of the latest trends is crucial for investors and traders. The Dow Jones Industrial Average has seen a significant fluctuation in the past week, with a 1.5% increase on Tuesday alone.

CNBC's market trends suggest that the tech sector is leading the charge, with the NASDAQ composite index up 2.2% over the same period. This growth is largely driven by the likes of Apple and Amazon, which have seen their stocks surge in recent days.

The US economy is showing signs of strength, with GDP growth reaching 3.2% in the latest quarter. This is a welcome boost for investors, who are eagerly awaiting the next round of corporate earnings reports.

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34 stocks in the S&P 500 traded at new 52-week highs on Tuesday, with notable performers including AutoZone, which reached all-time high levels back to its IPO in April 1991.

The tech-heavy Nasdaq Composite rose 0.1% just after the opening bell, along with the broad market S&P 500 and the blue-chip Dow Jones Industrial Average.

Some of the stocks that hit new 52-week highs included DoorDash, Johnson & Johnson, and L3Harris Technologies.

However, not all stocks were winners, as six stocks hit new 52-week lows on Tuesday, including Oneok, FactSet Research Systems, and Accenture.

The S&P 500 lost 0.27% to end the day at 6,022.24, snapping a three-day win streak.

Stock futures edged higher shortly after 6 p.m. ET, with the Dow, S&P 500, and Nasdaq 100 adding around 0.2%.

The market's recent run higher took a breather as major indexes ended the session near previous closing levels.

Here are the 34 stocks that hit new 52-week highs on Tuesday:

The Nasdaq Composite pulled back nearly 6% on Friday, which would represent a more than 21% fall from its record close in December and confirm a bear market for the index.

The S&P 500's 9.52% one-day gain on Wednesday ranks as the third-biggest since World War II for the main stock market benchmark, according to FactSet.

The Dow Jones Industrial Average surged nearly 3,000 points, or 7.87%, on Wednesday, scoring its biggest advance since March 2020.

The Nasdaq Composite fell 0.5% to 19,615.88 on Wednesday, snapping a three-day win streak.

Futures tied to the Dow, S&P 500, and Nasdaq 100 all added around 0.2% shortly after 6 p.m. ET on Thursday.

A total of 34 stocks in the S&P 500 hit new 52-week highs on Tuesday, while six stocks hit new 52-week lows.

Here are the stocks that hit new 52-week highs:

The stock market experienced a historic rally, with the S&P 500's 9.52% one-day gain ranking as the third-biggest since World War II for the main stock market benchmark, according to FactSet.

This rally was not limited to the S&P 500, as the 30-stock Dow Jones Industrial Average surged nearly 3,000 points, or 7.87%, scoring its biggest advance since March 2020.

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The tech-heavy Nasdaq Composite marked its second-best day ever with a 12.16% surge.

On Wednesday, around 30 billion shares were traded, marking an all-time record for the heaviest volume day on Wall Street, according to Nasdaq and FactSet data that go back 18 years.

The rally was so significant that 34 stocks in the S&P 500 traded at new 52-week highs, including AutoZone, which has been trading at all-time high levels since its IPO in April 1991.

Here are some of the stocks that reached new 52-week highs:

However, not all stocks were immune to the rally, as six stocks in the S&P 500 hit new 52-week lows, including Oneok and FactSet Research Systems.

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The market has been experiencing a lot of volatility lately, with investors fretting over a deteriorating economic outlook. Expect choppy trading to continue this summer, according to Wolfe Research, as the path of interest rate policy remains unknown and highly sensitive to incoming economic data.

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The S&P 500 closed lower on Wednesday, snapping a three-day winning streak, with the index losing 0.27% to end the day at 6,022.24. This was due in part to a preliminary U.S.-China trade agreement and new inflation data, which suggested that tariffs aren't having a large immediate impact.

Stocks continued to sell off on Friday, with the Dow Jones Industrial Average falling 1,024 points, or 2.5%, and the Nasdaq Composite falling 3.1%. This was largely due to investors' concerns over President Trump's escalating trade war with China.

The number of declining stocks far outpaced those going higher on Friday, with more than 17 New York Stock Exchange-listed stocks pulling back for every one advancer. This is evident in the fact that 2,494 stocks fell, while only 143 were higher.

Here's a breakdown of the market's performance on Friday:

The Nasdaq Composite is on pace to close in a bear market, having pulled back nearly 6% as of 10:51 a.m. ET on Friday. This represents a more than 21% fall from its record close in December and will confirm a bear market for the Nasdaq if it closes at this level.

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The U.S. economy added 228,000 jobs in March, exceeding economists' expectations of 140,000 jobs. This indicates a strong labor market, but investors are more concerned about the escalating trade war.

Tariffs are taking a toll on the U.S. economy, with the ISM services index at 50.1 in July, just above the contraction threshold of 50. The prices index rose 2.4 points to 69.9, but new export orders fell 3.2 points to 47.9.

Businesses are feeling the pinch, with respondents citing additional costs due to tariffs and economic uncertainty as a dominant theme. The employment index slipped further into contraction territory, down 0.8 point to 46.4.

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The latest U.S. jobs report exceeded expectations, with a significant increase in payrolls.

The economy added 228,000 jobs in March, surpassing the predicted 140,000 jobs by Dow Jones economists.

Investors seemed to overlook the report's positive numbers, focusing instead on the escalating trade war.

The strong job growth is a welcome sign for the economy, but it's not enough to shift the market's attention away from trade war concerns.

Economists will continue to monitor the situation to see how it affects the overall job market and economy.

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The ISM services index was at 50.1 for the month, representing the percentage of companies seeing expansion, and anything below 50 indicates contraction.

This is a significant drop from the expected 51.2 reading, and it's worth noting that the gauge hasn't seen a reading below 50 since May 2020.

The prices index rose 2.4 points to 69.9, but new export orders fell 3.2 points to 47.9, and imports tumbled 5.8 points to 45.9.

Respondents in the survey noted the impact of tariffs on business conditions, with one manager saying "Tariffs are causing additional costs as we continue to purchase equipment and supplies."

Economic uncertainty remains a dominant theme, as respondents in real estate, rental and leasing added.

Higher-income spenders are a crucial part of the economy, and if they cut back on spending, it could trigger a recession.

According to Peter Boockvar, chief investment officer of Bleakley Financial Group, if the stock market continues to fall and negatively impacts upper-income consumer spending, the odds of a recession will dramatically increase.

Economic uncertainty is already a dominant theme, as noted by a respondent in the real estate, rental, and leasing field in a recent survey by the Institute for Supply Management.

Tariffs are causing additional costs for businesses, leading to higher prices and reduced spending. The prices index in the ISM services survey rose 2.4 points to 69.9, but this may not be enough to offset the negative impact of tariffs.

A stock market rally could happen if courts block the Trump administration's tariffs, but this is not a guarantee.

The US-China trade war is heating up, with China swiftly announcing tariffs to damage the US stock market. Evercore ISI believes China's retaliatory response was designed to put more pressure on the US equity market.

China's finance ministry has announced a 34% tariff on all goods imported from the US, starting April 10. This move has sent US stock futures tumbling to their session lows.

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The trade war is taking a toll on US companies, with multiple tech firms delaying their initial public offerings (IPOs). Klarna and StubHub have pushed back their IPOs due to recent market turmoil.

Former Goldman Sachs CEO Lloyd Blankfein thinks President Trump should let countries negotiate his newly announced "reciprocal" tariff rates. He believes giving countries a chance to negotiate would be a better approach.

Tariffs have created a sea change in economic activity and corporate America's confidence, according to Rick Rieder, BlackRock's global fixed income chief investment officer. He notes that tariffs are dramatically influencing confidence in hiring, spending on capital expenditures, research and development, and potential mergers and acquisitions.

CNBC's Jim Cramer is concerned about the impact of Trump's tariff policy on the stock market. He thinks the policy is risking a market crash and is not in the country's interest.

Shares of Dupont De Nemours and Estée Lauder fell sharply on the heels of China's announcement of a 34% tariff on all products from the US. Both companies are big importers into China.

JPMorgan has downgraded two petrochemical stocks, Dow and LyondellBasell Industries, due to the trade war putting imports to China at risk. The stocks have already seen a substantial pullback in recent months.

Apple shares tumbled another 5% in premarket trading after China announced retaliatory tariffs against the US. China accounts for around 80% of Apple's production capacity.

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Palantir, Caterpillar, and Apple were among the biggest losers on Friday.

Palantir Technologies tumbled 12% and Tesla dropped around 10% as top picks among retail investors couldn't buck the sell-off.

Bank stocks declined significantly, with Goldman Sachs, Citigroup, Morgan Stanley, and Wells Fargo each tumbling around 8%. JPMorgan dropped 7%.

Apple shares fell another 5% in premarket trading after China announced retaliatory tariffs against the U.S. China accounts for around 80% of Apple's production capacity.

The Dow has slid 2.5% this week, while the Nasdaq Composite and S&P 500 have tumbled 4.5% and 3.3%, respectively, week to date.

Here are the biggest losers on Friday:

DuPont de Nemours shares rose more than 5% in premarket trading after beating Wall Street's expectations for the second quarter.

The company posted adjusted earnings of $1.12 per share on revenue of $3.26 billion, above the $1.06 per share and $3.24 billion in revenue that analysts were looking for.

DuPont also raised its guidance for the full year, saying that it "now incorporates the impact of tariffs".

This news is a positive sign for investors, as it shows that the company is performing well despite market challenges.

Shares of DuPont have been on the rise this year, with the stock up more than 29% since the start of the year, similar to Ralph Lauren's surge of over 29% this year.

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Bitcoin's market value has surged to over $1 trillion, with many investors considering it a safe-haven asset.

The rise of cryptocurrency has also led to increased adoption of blockchain technology, with many companies exploring its potential uses beyond digital currency.

In the US, the Securities and Exchange Commission (SEC) has been actively regulating the cryptocurrency space, with a focus on protecting investors and preventing market manipulation.

The SEC's guidance on initial coin offerings (ICOs) has been particularly influential, with many companies opting for traditional venture capital funding instead.

Blockchain technology has also been applied to traditional industries, such as supply chain management and voting systems, with promising results.

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The semiconductor industry is taking a hit, with the iShares Semiconductor ETF (SOXX) poised for its worst week since 2001.

This is largely due to President Donald Trump's tariff policies, which have wreaked havoc on technology stocks, causing the fund to drop over 16% this week.

The VanEck Semiconductor ETF (SMH) is also on track to record its worst weekly performance since March 2020, with a drop of over 14% this week.

This is a significant decline, with both funds hitting lows not seen in over a year during Friday's session.

The Nasdaq Composite and S&P 500 have also tumbled, with the Nasdaq down 4.5% and the S&P 500 down 3.3% week to date.

Bank of America has downgraded ON Semiconductor to a neutral rating, citing muted sales recovery and continued weakness in the U.S. and European auto segment.

Shares of ON Semiconductor have dipped 0.5% in premarket trading, and the stock is down about 24% year to date.

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Bitcoin held its own during Friday's trading session, rising approximately 1.8% according to Coin Metrics.

This outperformance could indicate that investors are overreacting in the equity markets.

Uncertainty has been the driving force behind the selloff, with investors lacking visibility, transparency, and a clear understanding of the situation.

Investor Jeff Kilburg pointed out that if bitcoin was truly correlated to the NASDAQ, it should be at $60,000, but it's not, suggesting a lot of dispersion in the market.

The bears are in control as long as there's no visibility or transparency, and a single tweet can change things, cracking confidence.

The Federal Reserve and Economy are closely tied, and recent comments from Fed Chair Jerome Powell have investors on edge. Powell hinted that the Fed is unlikely to bail out the economy anytime soon.

The Dow was last down more than 1,300 points, extending losses as Powell spoke. This suggests that investors are worried about the potential impact of President Trump's tariff blitz on the economy.

The Fed's priority is to keep longer-term inflation expectations well anchored, according to Powell. This means they're focused on preventing a one-time increase in prices from becoming an ongoing inflation problem.

The size and duration of the economic effects of Trump's tariffs remain uncertain, Powell said. This lack of clarity is likely contributing to the market volatility we're seeing.

JPMorgan chief economist Bruce Kasman has increased the odds of a global recession to 60% if Trump's tariff plan goes forward as initially presented. This is a significant increase from his previous estimate of 40%.

HSBC has raised its year-end forecast for the S&P 500 to 6,400, implying about 1.1% gain from its current level. This is due to sentiment around artificial intelligence and policy shifts in Washington.

Both tech and the rest of the market are expected to rally, but tech has outperformed since the policy changes. Nicole Inui, HSBC's head of equity strategy, notes that the AI trade is powering the tech/AI cohort higher.

UBS is also optimistic about the market, expecting further gains over the next year. Ulrike Hoffmann-Burchardi, UBS' chief investment officer, believes the bull market is intact and expects a weaker US dollar as a result of lower interest rates.

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A weaker US dollar could provide a tailwind for the market, according to Hoffmann-Burchardi. This is because rate cuts have typically been supportive for stock markets during non-recession periods.

The AI build out is seen as a key driver of US economic growth, with Brown stating that it's the only pillar holding up the story.

Palantir Technologies is off to a strong start, popping nearly 7% in pre-market trading after exceeding $1 billion in quarterly revenue for the first time. This significant milestone has also led the company to raise its full-year guidance.

Pfizer is also seeing a boost, adding 2.8% after its second-quarter earnings and revenue beat expectations. The company has also boosted its full-year earnings guidance.

Yum Brands, on the other hand, is taking a hit, slipping 1.8% after missing its second-quarter earnings and revenue targets.

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As the market opens, several stocks are already making moves. Palantir Technologies is one of them, popping nearly 7% after its quarterly revenue exceeded $1 billion for the first time.

This is a significant milestone for the defense technology company, which has been growing steadily. Palantir's strong quarter also led to an increase in full-year guidance.

Pfizer is another stock making gains, adding 2.8% after its second-quarter earnings and revenue beat expectations. This is a welcome surprise for investors, who were likely expecting a more modest performance.

Yum Brands, on the other hand, slipped 1.8% after its second-quarter earnings and revenue missed expectations. This is a disappointing result for the parent company of KFC, Taco Bell, and Pizza Hut.

Here are the stocks making premarket moves:

Extended trading hours can be a wild ride, especially for stocks that are moving in unexpected ways. Palantir is one such example, with its defense technology stock advancing 4% after second-quarter earnings exceeded Wall Street's expectations.

Palantir reported adjusted earnings of 16 cents per share on $1.00 billion in revenue, beating analysts' estimates of 14 cents per share and $940 million, respectively. This kind of performance can send a stock's price soaring.

Vertex Pharmaceuticals is another stock that's making waves in extended trading hours, with its biotech stock sinking 14% after second-quarter earnings topped estimates. The company posted adjusted earnings of $4.52 per share on revenue of $2.96 billion, outpacing analysts' expectations of $4.26 per share and $2.91 billion.

Hims & Hers Health is also feeling the heat, with its shares tumbling 12% after the telehealth company issued disappointing guidance. The company sees third-quarter adjusted earnings before interest, taxes, depreciation and amortization ranging from $60 million to $70 million, falling short of StreetAccount consensus estimates of $77 million.

Here are some of the stocks making the biggest moves in extended trading hours: