Day Traders Diary

3/25/25

The major averages eke out a gain on one of the lowest volatility days we have had in some time. The Dow Jones Industrial Average rose 4 points to settle at 42,587. The S&P 500 rose 9 points while the Nasdaq Composite gained 83 points or 0.46% to end at 18,271.

Bonds were relatively quiet today as a consumer confidence number plunged today to the worst level in 12 years, well below the threshold consistent with recessions. The 10-year Treasury note yield declined by a basis point to 4.31%. At the same time, the 2-year Treasury yield added to its losses, off 2 basis points to 4.01%.

The broader market was muted today outside tech. In the tech space, Telsa had another great day even as car sales plunged 40% in Europe. Meta, Amazon, Apple and a number of software stocks rose over 1%.

Healthcare and utilities for a second straight day were the weakest sectors.

Wall Street has been on edge recently over a potential uptick in inflation and slowing economic growth as it awaits President Donald Trump's reciprocal tariffs expected on April 2. News on Monday that the White House may narrow the scope of tariffs going into effect caused the major averages to jump with the Dow soaring more than 600 points.