STOCK MARKET WATCH -- Thursday, 17 April 2025

[Tansy_Gold]

STOCK MARKET WATCH: Thursday, 17 April 2025

Previous SMW:
SMW for 16 April 2025



AT THE CLOSING BELL ON 16 April 2025


Dow Jones 39,669.39 -699.57 (1.73%)
S&P 500 5,275.70 -120.93 (2.24%)
Nasdaq 16,307.16 -516.01 (3.07%)

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Market Conditions During Trading Hours:

Google Finance
MarketWatch
Bloomberg
Stocktwits

(click on links for latest updates)

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Currencies:






(Awaiting new links)


Gold & Silver:

(Awaiting new links)


Petroleum:

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DU Economics Group Contributor Megathreads:

Progree's Economic Statistics (with links!)
mahatmakanejeeves' Rail Safety Megathread
mahatmakanejeeves' Oil Train Safety Megathread

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Quote for the Day:

Trade war fallout: Cancellations of Chinese freight ships begin as bookings plummet

The number of canceled sailings of freight vessels out of China is picking up as ocean carriers attempt to manage a pullback in orders due to the trade war and tariffs.

A steep decline in containers being shipped to the U.S. will have a big impact on the supply chain, from port to trucking, rail and warehouse economics.

“We won’t go to zero containers, but we will see a decrease in containers and as a result, in the future we will see a massive raft of blank sailings announced,” one freight expert tells CNBC.

CNBC 4/16/2025
https://www.cnbc.com/2025/04/16/trade-war-fallout-china-freight-ship-decline-begins-orders-plummet.html

This thread contains opinions and observations. Individuals may post their experiences, inferences and opinions on this thread. However, it should not be construed as advice. It is unethical (and probably illegal) for financial recommendations to be given here.

[progree]

1. Treasury Secretary Scott Bessent to America's biggest CEOs: Stop worrying

Yahoo Finance, 4/16/25
https://finance.yahoo.com/news/treasury-secretary-scott-bessent-to-americas-biggest-ceos-stop-worrying-121627070.html

"We're going to have a lot more clarity on the way forward [on tariffs] over the next 90 days," Bessent told Yahoo Finance in an interview on Tuesday. Bessent added, "They'll [CEOs] also have clarity on tax and on deregulation. I remember in 2017 I heard a lot of the same things because the tax deal wasn't done until right before Christmas in 2017.

. . . Bessent said about the recession concerns from Dimon and Solomon: "Look, that's their job is to be concerned. But again, I think that there is all this chatter on tariffs and what we're worried about. And, you know, I come from Wall Street, I think Wall Street can continue to do great, but we are focused on Main Street."

(emphasis added)

Yeah, tell me how great things are on Main Street. And Wall Street continuing to do great? Huh? S&P 500 is down 8.8% from the election day close and down 12.0% from the inauguration eve close. Replace the minus signs with "+" signs and I will be truly impressed.

TIMELINE of TARIFF THREATS AND ACTIONS in this article for people attempting to keep up.