Unlock stock picks and a broker-level newsfeed that powers Wall Street. Upgrade Now NSE - Delayed Quote • INR Dynemic Products Limited (DYNPRO.NS) Follow Compare 309.85 +26.45 +(9.33%) At close: 3:29:51 PM GMT+5:30 Related News Powell spooks markets, chip stocks fall: Market takeaways News from chip giants Nvidia (NVDA), AMD (AMD), and ASML (ASML) was weighing on stocks since the market open. However, the major indexes took another leg lower after Federal Reserve Chairman Jerome Powell warned that President Trump's tariffs could create a "challenging scenario" for the central bank. Yahoo Finance Markets Reporter Josh Schafer shares some of his takeaways from the trading day. To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend here. Stocks resume sell-off as tariff costs hit tech and Powell delivers starkest warning yet on Trump's trade war Stocks sold off on Wednesday as uncertainty around President Trump's policies once again prompted investor caution. Hertz, Abbott Laboratories, and Interactive Brokers: Trending tickers Josh Lipton, joined by Defiance ETFs CEO and chief investment officer Sylvia Jablonski, examines some of the trading day's trending tickers. Hertz (HTZ) shares pop after Bill Ackman-led Pershing Square Capital Management disclosed a stake of 12.7 million shares of the rental car company's stock. Abbott Laboratories (ABT) gained after the medical tech company reported stronger-than-expected earnings. Interactive Brokers (IBKR) tumbles after earnings results missed analyst estimates. To watch more expert insights and analysis on the latest market action, check out more Market Domination here. Commentary: Why Treasury Secretary Bessent isn't reassuring anyone Trump's Treasury secretary wants business owners to relax. That's hard to do when Trump's tariffs are pushing costs higher and profits lower and threatening a recession. United Airlines & Abbott Labs earnings, Ackman's Hertz stake Brad Smith outlines some of the top stories on Wall Street in just 60 seconds on today's Market Minute. United Airlines (UAL) shares rise after reporting earnings results and providing investors with dual outlooks depending on the health of the US economy. Abbott Laboratories (ABT) stock rises after the medical supply company reported better-than-expected earnings results. Hertz (HTZ) shares surge after Bill Ackman-led Pershing Square Capital Management disclosed a large stake in the rental car company. Stay up to date on the latest market action, minute-by-minute, with Yahoo Finance's Market Minute. 'What about Q1 earnings?' US-China trade war weighs on chip stocks US-China trade war tensions drag US stocks lower after Nvidia (NVDA) reported restrictions on exports to China would cost the chipmaker $5.5 billion. CFRA Research chief investment strategist Sam Stovall joins Morning Brief with Madison Mills and Brad Smith to discuss what the uncertainty means for first quarter earnings and chipmakers' outlooks. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. Retail sales surge 1.4% in March, most since January 2023, as consumers 'front-loading' tariffs offers boost The March retail sales report comes as investors are closely watching for any signs of slowing in US economic growth before the implementation of President Trump's tariffs. We are in a 'classic bear market rally,' HSBC strategist says Uncertainty about US President Trump's policy agenda fuels market volatility, with some analysts downgrading their view of US equities. HSBC chief multi-asset strategist Max Kettner joins Catalysts with Madison Mills and StoneX senior adviser Jon Hilsenrath to discuss his view that the market is facing a "classic bear market rally." To watch more expert insights and analysis on the latest market action, check out more Catalysts here. ASML earnings, retail data, Fed Chair Powell speech: What to Watch Asking for a Trend host Josh Lipton highlights top stories to watch on Wednesday, April 16. A wave of earnings results will be posted, including from ASML Holding (ASML), US Bancorp (USB), and Citizens Financial Group (CFG). Fresh retail sales data will be released in the morning, with economists expecting total retail sales to increase to 1.3% and core retail sales to increase to 0.6%. The Homebuilder Confidence Index for April will also be released in the morning, with expectations of a decline to 38. More Federal Reserve commentary is coming tomorrow, including statements from Fed Chairman Jerome Powell, Cleveland Fed president Beth Hammack, Kansas City Fed president Jeff Schmid, and Dallas Fed president Lorie Logan. To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend here. Tariff-wounded stocks find no balm with Powell remarks NEW YORK (Reuters) -Investors who may have been hoping the Federal Reserve is poised to come to the aid of tariff-rattled markets took away an unwelcome message from the central bank's chief on Wednesday: the Fed may be in a bind. Fed Chair Jerome Powell said the central bank would wait for more data on the economy's direction before changing interest rates. Speaking to the Economic Club of Chicago, he noted that there was a potentially tough situation developing for the Fed in which inflation is pushed higher by tariffs while growth and potentially, employment, weaken. Why Taiwan Semiconductor Manufacturing Stock Sank Today Taiwan Semiconductor Manufacturing (NYSE: TSM) stock got hit with significant sell-offs in Wednesday's trading. Meanwhile, the S&P 500 (SNPINDEX: ^GSPC) and Nasdaq Composite (NASDAQINDEX: ^IXIC) fell 2.2% and 3.1% in the session, respectively. TSMC's valuation moved lower today in conjunction with news of new export restrictions on Nvidia's processors, higher tariffs on China, and cautious commentary from Federal Reserve Chairman Jerome Powell. Tesla's California ZEV Share Falls Below 50% as Buyer Sentiment Wanes Six Straight Quarters of Decline: Tesla's California Presence Slips as EV Momentum Cools Hertz Stock Soars as Billionaire Bill Ackman's Pershing Square Discloses Stake Hertz shares soared Wednesday after billionaire Bill Ackman’s investment firm Pershing Square disclosed a sizable stake in the struggling rental car company. Why Lockheed Martin Stock Soared While the Market Sagged Today An analyst's bullish new note on Lockheed Martin (NYSE: LMT) and the wider U.S. defense sector provided lift to the company's stock on an otherwise bearish Wednesday trading session. Lockheed Martin's shares closed the day almost 2% higher in price, providing quite the contrast to the tumbling S&P 500's (SNPINDEX: ^GSPC) 2.2% decline. The analyst in question was Kristine Liwag of veteran white-shoe investment bank Morgan Stanley. Why Walmart Stock Slumped by 3% on Wednesday On Wednesday, Walmart (NYSE: WMT) stock was guilty by association in the eyes of the market, a dynamic reflected in a share price drop of nearly 3%. A top investment bank published a downbeat research note on a major peer in the retail world, and the bearishness spread to Walmart's stock. Overall, however, few investors were enthusiastic about any stocks, as Walmart's decline was only slightly steeper than the S&P 500's (SNPINDEX: ^GSPC) 2.2% dip. Traders Expect a Big Netflix Stock Move After Earnings—Here’s How Much Netflix is slated to report first-quarter results after markets close Thursday, and options markets suggest traders are expecting a stock price big move in the following days. Trading Day: When the chips are down World stocks fell into a downward spiral on Wednesday led by tech losses after Washington said it is putting new curbs on AI chip exports to China, marking an escalation in the global trade war. The Trump administration's latest broadside sparked huge demand for safe-haven assets like gold, the Swiss franc and U.S. Treasuries, even though Fed Chair Jerome Powell signalled he is in no rush to cut interest rates. If U.S. Big Tech had acquired a safe-haven status in the eyes of some investors in recent years, it is disappearing fast. Baijiayun and Xinlantian Reached Strategic Cooperation to Use AI Technology to Assist the Rehabilitation of Tens of Millions of Autistic Children Baijiayun Group Ltd ("Baijiayun" or the "Company") (NASDAQ: RTC), a one-stop AI video solution provider, today announced that we have reached a strategic cooperation with Beijing Xinlantian Education Technology Co., Ltd. (hereinafter referred to as "Xinlantian"). This cooperation marks that Baijiayun, with its cutting - edge exploration in AI and large - language model technologies, will combine with Xinlantian's professional accumulation in the field of rehabilitation training for autistic chil Tesla Slips Further in California as Sales Decline for Sixth Straight Quarter Falling Tesla sales in California reflect shifting buyer sentiment and challenge the state's electric vehicle adoption goals S&P 500 Gains and Losses Today: Chip Stocks Drop as Top Firms Cite Export Restriction Effects The S&P 500 lost 2.2% on Wednesday, April 16, as the Federal Reserve chair discussed possible inflationary and economic consequences of tariffs. Performance Overview Trailing total returns as of 4/16/2025, which may include dividends or other distributions. Benchmark is S&P BSE SENSEX (^BSESN) Return DYNPRO.NS S&P BSE SENSEX (^BSESN) YTD -23.81% -1.40% 1-Year +6.06% +5.62% 3-Year -53.76% +32.06%