Stock Market Today: Markets Poised to Rebound After Monday’s Steep Sell-Off

Major Indexes Set to Recover Following Trump-Powell Tensions

The stock market is showing signs of recovery on Tuesday, April 22, 2025, after experiencing a significant downturn on Monday. Futures indicate a potential rebound, with Dow futures up approximately 350 points, S&P 500 futures rising about 50 points, and Nasdaq futures gaining around 180 points as of early morning trading.

Monday’s session saw the Dow Jones Industrial Average plummet 970 points, while the S&P 500 and Nasdaq both finished sharply lower, dropping about 2.5% each. The sell-off was primarily triggered by President Donald Trump’s criticism of Federal Reserve Chair Jerome Powell, with Trump demanding an out-of-turn rate cut and calling Powell a “loser” on social media.

As of the previous close, the Dow stood at 38,335.79, the Nasdaq at 15,856.44, and the S&P 500 at 5,167.20, all showing significant declines from their previous sessions.

Upcoming Earnings Releases and Market Events

Today marks an important day in the earnings calendar, with 254 companies scheduled to report their quarterly results. Notable companies reporting include:

– 3M Co (MMM) before market open
– Manhattan Associates Inc (MANH) after market close
– Tesla (TSLA) after market close

Tesla’s earnings report is particularly significant as it comes amid a challenging backdrop for the electric vehicle maker. The stock has declined 40% year-to-date, facing pressures from CEO Elon Musk’s involvement in the Trump administration and concerns about the impact of tariffs on its supply chain.

Investors will be closely watching the Federal Reserve’s next moves, with the FOMC scheduled to meet on May 6-7. Market participants are speculating about potential rate cuts following Trump’s public pressure on Powell.

Major Stock News and Corporate Developments

Tech stocks remain in focus as the “Magnificent Seven” companies head into earnings season. Since Trump’s January inauguration, these tech giants—Apple (AAPL), Microsoft (MSFT), Nvidia (NVDA), Amazon (AMZN), Tesla (TSLA), Alphabet (GOOGL), and Meta Platforms (META)—have collectively lost approximately $3.8 trillion, or 22%, in market value.

After Tesla reports today, Alphabet is scheduled to announce results on Thursday, followed by Meta and Microsoft on April 30, and Amazon and Apple on May 1. Nvidia will report on May 28.

The tech sector faces significant uncertainty due to President Trump’s tariff policies. While the administration has temporarily frozen the most punitive tariffs and exempted most electronics from China, Trump has indicated this reprieve may be short-lived.

Market Movers and Sector Performance

Monday’s biggest losers on the Dow Jones included Nvidia (NVDA), which fell 4.84%, Salesforce.com (CRM), down 4.78%, and UnitedHealth (UNH), which declined 4.72%. Top gainers included Travelers Companies (TRV), up 0.41%, and Coca-Cola (KO), which rose 0.33%.

Gold continues its strong performance, reaching a record high above $3,450 an ounce as investors seek safe-haven assets amid dollar weakness and ongoing trade tensions.

Global Market Influences

International factors continue to impact U.S. markets, with the yen strengthening past the psychological level of 140 against the dollar amid concerns about Fed independence and heightened tariff risks. European markets have returned from the Easter holiday but opened on a negative note.

Investors remain concerned about the lack of a breakthrough in U.S.-Japan tariff talks and warnings from China about potential retaliation against efforts to isolate it in trade policy.

As markets navigate these complex dynamics, today’s trading session will likely be influenced by earnings reports, ongoing tariff developments, and any further comments from the White House regarding monetary policy.