Day Traders Diary

3/27/25

After a number of volatile weeks, the averages have quieted down the last two days even as more trade tariffs are set to kick in next week. The Dow Jones Industrial Average is down 50 points on the day. A nice 4% bounce off the March lows, but still negative for the month and the year. The S&P 500 is unchanged, but 4% from the March lows, but still negative for the year. The Nasdaq is virtually unchanged, 3% off the lows for March, but down for the month and down 8% for the year and down over 10% from the February highs.

Shares of the automakers are lower after Trump announced 25% tariffs on "all cars that are not made in the United States," which will go into effect on April 2. General Motors pulled back 7.5%, while Stellantis lost 2% and Ford slipped 3%. Elon Musk's Tesla, ironically, is up 4% today.

Consumer cyclicals and consumer defensive stocks are performing well. Telecom is also higher. Banks and healthcare are mixed.

The chip sector is weak today led by Broadcom down 3%.

The benchmark 10-year Treasury note yield is up three basis points to 4.37%. The 2-year Treasury yield is down a basis point to 4.00%.

Gold, oil and bitcoin are modestly higher.

The major indexes are clinging to marginal gains this week. The S&P 500 has ticked up nearly 0.8%, while the Nasdaq has gained 0.5%. The 30-stock Dow has added 1% this week thus far.