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Market Domination Overtime anchors Julie Hyman and Josh Lipton break down the latest financial news for April 11, 2025. Stocks close higher to end a roller coaster week, with the S&P 500 having the best week since 2023.
Believe it or not, we just completed a good week for the U.S. stock market. The S&P 500 rose 5.7% through Friday's close from a week earlier, with three-quarters of component stocks showing gains.
The US indices that I cover all look somewhat choppy and sideways, perhaps there is a lot of exhaustion out there, as we try to figure out where to go next in these turbulent times.
JPMorgan Chase CEO Jamie Dimon said Friday that he expects estimates for corporate earnings to fall amid the uncertainty created by President Donald Trump's trade negotiations. "Analysts have generally reduced their S&P estimate earnings by 5%," in recent days, Dimon said.
As the threat of a U.S. trade war with China continues to send markets tumbling, the headlines have been chock-full of stock market lingo. Now, analysts are saying the S&P 500 Index is on the precipice of bear market territory.
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Despite all the doom and gloom, the SP500 is still not in a bear market and should be able to rally to, ideally, $6,738-7,121 over the coming months.
The US indices have given back some of their gains from the explosive Wednesday session on Thursday. At this point in time, the markets are likely to try to look for some kind of range to deal with in this area.
Heading into earnings season, Q1 growth expectations were revised down by 4.3 percentage points. A key driver of estimate downgrades heading into the quarter appears to be weaker-than-usual forward guidance. The Magnificent-7 are still expected to play a large role in Q1, but the trend is pointing towards a relative rotation into the S&P 493.