Nasdaq Dips 6% Following Trump’s Tariffs As Nvidia, Apple Decline: Investor Sentiment Plunges, Greed Index Stays In ‘Excessive Concern’ Zone – Apple (NASDAQ:AAPL), American Shared Hospital (AMEX:AMS)

The CNN Cash Concern and Greed index confirmed a pointy decline within the total market sentiment, whereas the index remained within the “Excessive Concern” zone on Thursday.

U.S. shares settled decrease on Thursday, with the Nasdaq Composite dipping round 6% throughout the session following the announcement of latest commerce tariffs by President Donald Trump.

Apple Inc. AAPL shares dipped round 9.3%, recording their worst day since March 2020. Nvidia Corp. NVDA tumbled 7.8%, whereas Amazon.com Inc. AMZN dropped 9% on Thursday.

Lamb Weston Holdings Inc. (NYS E: LW) shares, nonetheless, gained 10% after the corporate reported better-than-expected third-quarter monetary outcomes and issued FY25 gross sales steerage above estimates.

On the financial knowledge entrance, U.S. preliminary jobless claims fell by 6,000 to 219,000 within the week ending March 29, in comparison with market estimates of 225,000. The U.S. commerce deficit shrank to $122.7 billion in February in comparison with $130.7 billion within the earlier month and versus market estimates of a $123.5 billion hole. The ISM providers PMI dipped to 50.8 in March versus a studying of 53.5 in February, and down from market estimates of 53.

Most sectors on the S&P 500 closed on a damaging notice, with shopper discretionary, vitality, and data know-how shares recording the largest losses on Thursday. Nevertheless, shopper staples shares bucked the general market pattern, closing the session larger.

The Dow Jones closed decrease by round 1,679 factors to 40,545.93 on Thursday. The S&P 500 dipped 4.84% to five,396.52, whereas the Nasdaq Composite tumbled 5.97% to 16,550.61 throughout Thursday’s session.

Buyers are awaiting earnings outcomes from American Shared Hospital Companies AMS as we speak.

What’s CNN Enterprise Concern & Greed Index?

At a present studying of seven.7, the index remained within the “Excessive Concern” zone on Thursday, versus a previous studying of 18.6.

The Concern & Greed Index is a measure of the present market sentiment. It’s based mostly on the premise that larger concern exerts stress on inventory costs, whereas larger greed has the alternative impact. The index is calculated based mostly on seven equal-weighted indicators. The index ranges from 0 to 100, the place 0 represents most concern and 100 alerts most greediness.

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