{"id":24744,"date":"2025-03-28T09:39:59","date_gmt":"2025-03-28T14:39:59","guid":{"rendered":"https:\/\/www.eoption.com\/mid-morning-look-march-28-2025\/"},"modified":"2025-03-28T09:39:59","modified_gmt":"2025-03-28T14:39:59","slug":"mid-morning-look-march-28-2025","status":"publish","type":"post","link":"https:\/\/www.eoption.com\/mid-morning-look-march-28-2025\/","title":{"rendered":"Mid-Morning Look: March 28, 2025"},"content":{"rendered":"\n
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Mid-Morning Look<\/span><\/b><\/p>\n

Friday, March 28, 2025<\/span><\/b><\/p>\n\n\n\n\n\n\n\n
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Index<\/span><\/p>\n<\/td>\n

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Up\/Down<\/span><\/p>\n<\/td>\n

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%<\/span><\/p>\n<\/td>\n

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Last<\/span><\/p>\n<\/td>\n<\/tr>\n

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DJ Industrials<\/span><\/b><\/p>\n<\/td>\n

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-498.85<\/span><\/p>\n<\/td>\n

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1.18%<\/span><\/p>\n<\/td>\n

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41,800<\/span><\/p>\n<\/td>\n<\/tr>\n

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S&P 500<\/span><\/b><\/p>\n<\/td>\n

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-79.61<\/span><\/p>\n<\/td>\n

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1.40%<\/span><\/p>\n<\/td>\n

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5,613<\/span><\/p>\n<\/td>\n<\/tr>\n

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Nasdaq<\/span><\/b><\/p>\n<\/td>\n

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-345.21<\/span><\/p>\n<\/td>\n

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1.90%<\/span><\/p>\n<\/td>\n

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17,465<\/span><\/p>\n<\/td>\n<\/tr>\n

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Russell 2000<\/span><\/b><\/p>\n<\/td>\n

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-27.34<\/span><\/p>\n<\/td>\n

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1.32%<\/span><\/p>\n<\/td>\n

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2,038<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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Stocks open in negative territory and have declined in a straight line down without a bounce in first 60 minutes of trading following a convergence of disappointing market factors weighing on sentiment to close out the week. First, inflation edges higher again as the February core PCE inflation report (Fed’s preferred measure of inflation), came in a tad “hotter” than estimates and prior month readings. Also, the University of Michigan sentiment reading edged higher as well for both 1-yr and 5-yr expectations (pushing out hopes of Fed rate cuts). Second, trade war fears in place as tariff concerns remain prevalent ahead of the April 2nd<\/sup> U.S. reciprocal tariffs to foreign countries (follows a 25% levy on autos announced this week that crushed global auto names). Note nearly half of all vehicles sold in the U.S. are imported, a figure that equates to about seven million cars. The EU said it plans concessions for Trump after reciprocal tariffs hit. Third, tech stocks, particularly AI<\/span>, data centers, and semiconductors remained weak after Cloud-computing provider CoreWeave (CRWV<\/span>) raised $1.5 billion Thursday, in an IPO<\/span> that met weaker-than-expected demand. The company initially hoped to raise at least $2.3 billion at a price of $47 to $55 a share but instead scaled back its ambitions, pricing the 37.5M share deal at $40. Meanwhile, gold prices surged to a new record high above $3,100 an ounce as investors flocked to the safe-haven asset amid fears of global trade and Treasury prices jump as yields tumble. Bitcoin prices also went down sharply amid a decline in stock prices. Nasdaq was down 300 points off morning highs and S<\/span>&P (SPX<\/span>) down over -1.4% approaching 5,600 to the downside.<\/p>\n

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Economic Data<\/p>\n