MARKET RECAP

Yesterday: Stocks plunged Thursday after the Trump administration announced sweeping new tariffs, with the S&P 500 falling 4.8% in its worst session since 2020. Bond yields dropped sharply as investors sought safety, while tariff uncertainty fueled concerns over stagflation and corporate profit downgrades. Markets now look to global responses and potential Fed action as volatility remains elevated.

On Our Radar: After dissecting the jobs report, the economic data load will be light. However, analysts will be looking forward to next week’s consumer credit report. On the earnings front, Levi Strauss will disclose its results at the start of next week.

TOP STORY

Cathie Wood Doubles Down: Mops Up Another $1.39 Million Worth Of Robinhood Stock Amid Trump Tariff Dip

While President Trump's much-hyped Liberation Day sent shockwaves throughout the market, the Cathie Wood-led Ark Invest saw opportunity.

Here are the stocks the fund is buying — and the names investors should avoid.

SPONSORED CONTENT

Brand Engagement Network’s Secure Approach To AI

TikTok to DeepSeek AI, Chinese-based apps are popular in America but also raise national security concerns. After all, in some cases, consumer data is stored outside the U.S. 

Brand Engagement Network (NASDAQ: BNAI) has a different approach, one that it says protects consumer data and keeps everyone secure. 

Unlike some of its AI rivals that train with unknown data, BEN’s AI trains on client-provided data, uses mixed technology for precise math and follows clients’ internal client data management and privacy protocols. It’s also HIPAA and SOC 2 compliant, something the company says rivals can’t claim.

The company’s approach is getting noticed. BEN is advising lawmakers in crafting legislation to protect Americans as they interact with technology and apps. To learn more about BEN’s AI technology, click here. 

This is a paid ad. Please see 17b disclosure here for more information.

FIVE ZINGERS

Speed Bump: The sustained impact of President Trump's tariffs is taking its toll on the services sector. Learn why experts are raising concerns about this dynamic.

Crypto Crash: President Trump's Liberation Day sparked a broad selloff that also impacted the crypto ecosystem. Still, read why one expert believes the levies are positive for the blockchain.

Southern Rise: Mexican equities posted a historic rally on Thursday, with the Trump administration's steep tariffs sparing Mexico and Canada. Learn the nuanced context of this surprise move.

Sepia Dreams: JPMorgan Research upgraded its outlook for European mines thanks in large part to the underlying copper rally. Discover the risks and rewards of this trade.

Death Cross: One of the biggest names in tech, Apple has struggled under the barrage of new tariffs. Here's why the death cross is now ringing alarms among technical analysts.

ONE FOR THE ROAD

Trump Auto Tariffs Could Up Car Prices By $15K, Analyst Calls It 'Pure Chaos'

The U.S. auto industry just took a direct hit from what Wedbush analyst Dan Ives calls a "tariff torpedo."

President Donald Trump's sweeping 25% tariffs on imported cars and auto parts threaten to send vehicle prices soaring and disrupt supply chains for years to come.

Tariffs present a "debacle of epic proportions," Ives says. Expect demand destruction of 15% to 20% for new car purchases in 2025.

According to his estimates, the tariffs will immediately raise the price of a typical vehicle by $5,000 to $10,000, with some higher-end models seeing increases of up to $15,000.

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