Live Tariff updates: Trump escalates threats on China as markets remain jittery NYSE - Nasdaq Real Time Price • USD Nuveen Mortgage and Income Fund (JLS) Follow Compare 17.32 -0.03 (-0.15%) As of 12:53:29 PM EDT. Market Open. Related News Off-price and discount retailers poised to outperform as Trump tariffs continue to batter markets Discount retailers are positioned to benefit as consumers remain pinched. Retail stocks, Trump to review Nippon Steel deal: Market Minute On today's Market Minute, Brad Smith examines the trending stories on Wall Street during a volatile trading day. Retail stocks, including Levi Strauss (LEVI), Ralph Lauren (RL), and PVH (PVH), are in focus after Citi analysts cut their forecasts for the companies, citing pricing power concerns amid tariffs. Citi also downgraded Vans' parent company, V.F. Corporation (VFC), to Neutral from Buy, citing concerns about the company's turnaround plan for Vans. US President Trump ordered a review of the deal between US Steel (X) and Nippon Steel (NPSCY), an acquisition his predecessor President Biden blocked. Stay up to date on the latest market action, minute-by-minute, with Yahoo Finance's Market Minute. One Wall Street bull still sees a stock market rally: 'These levies will eventually be negotiated lower' While many on Wall Street are cutting their year-end price targets after Trump's tariff announcement, one strategist is still calling for a rebound. White House shoots down rumors of 90-day tariff pause as Trump allies brush off recession fears The White House wants to make one thing clear: The Trump administration is not backing down on implementing reciprocal tariffs April 9. Stocks plunge at the open, Trump's tariffs wreak havoc on markets All three of the major averages (^DJI, ^GSPC, ^IXIC) continue to plummet as US President Donald Trump's tariffs weigh on the markets. The S&P 500 is approaching bear market territory while the CBOE Volatility Index (^VIX), also known as Wall Street's fear gauge, is climbing. Morning Brief Anchor Brad Smith and Yahoo Finance Markets and Data Editor Jared Blikre break down the action at the open. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. Why Goldman Sachs now sees a 45% chance of a recession and the Fed coming to the rescue Goldman Sachs is back with another recession call. Why the US may already be in a recession With Trump tariff headlines ripping through markets and economic data, recession calls or predictions for a sharp economic slowdown are coming into the light. The most direct one comes out of BCA Research’s veteran strategist Peter Berezin. Berezin said he sees a 75% chance of a recession within the next three months. In his second quarter outlook for clients, Berezin warned about a “buckling” US consumer and weakening labor market. Berezin has gained attention of late for being the lone bear on Wall Street coming into 2025. He has a year-end target on the S&P 500 of 4,450. The S&P 500 (^GSPC) opened the year at 5,903. Berezin has been an economist for more than 30 years, with stints at the International Monetary Fund (IMF), Goldman Sachs, and now BCA Research. Yahoo Finance Executive Editor Brian Sozzi sits down on the Opening Bid podcast with Berezin about his big calls and why investors need to listen up. For full episodes of Opening Bid, listen on your favorite podcast platform or watch on our website. Yahoo Finance's Opening Bid is produced by Langston Sessoms Wall Street experts warn stocks have 'ample space' to continue cratering as Trump team digs in on tariffs After the worst week for the S&P 500 since March 2020, equity strategists don't seen any end in sight as investor scramble to price in the worst case scenario from President Trump's latest tariff announcements. FTSE dives to year-low as global market turmoil continues The FTSE 100 fell by 4.38% to 7,702.08, its lowest closing price since March last year, at the end of trading. Dollar Tree Gains on Citi Upgrade as Tariffs Open Path to Higher Prices Citi upgraded Dollar Tree to Buy, citing tariff-driven pricing flexibility. Today's Market: S&P 500 Sinks 2%, Dow Plunges 900 Points as Tariff Fears Grip Markets White House Dismisses Tariff Pause Rumor as Markets Tumble Rhythm seeks market expansion for Imcivree following Phase III victory Imcivree has shown benefit in a Phase III trial in patients with acquired hypothalamic obesity, leading to 19.8% weight loss. Global markets are in meltdown: here's how it looks in charts A stock market rout, historic in scale, has swept across the globe wiping more than $10 trillion off major markets, as concerns about the economic damage unleashed by U.S. President Donald Trump's tariffs spiral. The S&P 500 stock index fell over 10% in the last two trading sessions of last week, its worst performance since the end of the Second World War and rivaled by the 1987 stock market rout, the 2008 global financial crisis and the 2020 COVID shock. Kevin Thozet, investment committee member at Carmignac, said he expected U.S. stocks to keep falling and the cost of borrowing for companies to keep rising. Wells Fargo Lowers S&P 500 2025 Target Level, Earnings Estimates Wells Fargo Investment Institute lowered its 2025 target level for the S&P 500 and cut earnings esti US Equity Indexes Swing Wildly After Touching 52-Week Lows, Volatility Spikes in Midday Trading US equity indexes whipsawed Monday, with volatility soaring to the second-highest since the 1990s, a Rhythm Pharmaceuticals Weight Loss Drug Study Shows Significant BMI Reduction For Rare Type Of Obesity Disorder Rhythm Pharmaceuticals, Inc. (NASDAQ:RYTM) on Monday released topline results from the pivotal Phase 3 TRANSCEND trial evaluating setmelanotide, a melanocortin-4 receptor (MC4R) agonist, for the treatment of acquired hypothalamic obesity. Acquired hypothalamic obesity is a rare, non-genetic form of obesity resulting from damage to the hypothalamus, the brain region controlling energy balance, often caused by tumors, surgery, or radiation, leading to rapid weight gain and metabolic complications. Stock market volatility deepens as Wall Street faces rollercoaster opening The US’s S&P 500 had major swings on Monday. U.S. Steel Stock Rises as Trump Orders Review of Nippon Deal The potential transaction values the American steel maker at $55 a share, far below where shares currently trade. One Wall Street Veteran Says Buy Signals Are Emerging A Wall Street veteran, known for his pessimistic view on U.S. stocks, is offering reasons for hope in a painful market. David Rosenberg, the eponym of Rosenberg Research who has long published bearish views, said the market could be up a year from now in an interview with Bloomberg. The rationale relies on the CBOE volatility index, Wall Street’s fear gauge. The Dow swings wildly and the S&P 500 touches bear market territory as trade war fallout continues The S&P 500 touched bear market territory and the Dow Jones Industrial Average shed as much as 1,700 points early Monday — before gaining more than 700 points and then turning negative again. This chaotic start to the week follows days of market carnage as investors react to President Donald Trump’s apparent commitment to tariffs and to widely held fears that they’ll wreck international trade and transform the U.S. economy into something akin to molasses. Performance Overview Trailing total returns as of 4/7/2025, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC) Return JLS S&P 500 (^GSPC) YTD -1.36% -15.18% 1-Year +8.49% -4.15% 3-Year +25.12% +10.85%