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Q1 Ends Today, Jobs Week & Tariffs - Oh My!
ZACKSยท 2025-03-31 15:31
Economic Indicators - The JOLTS report is expected to show steady job openings at 7.7 million, indicating a healthy jobs market despite some cooling [2] - Private-sector payrolls are projected to increase by over 40K month over month to 120K, while non-farm payrolls are expected to decrease to 128K from 151K [2] - Initial and Continuing Jobless Claims have remained stable, suggesting a well-off labor market, but there are concerns about potential increases due to layoffs and immigration policies [3] Trade Policies - President Trump announced that trade tariffs will begin on April 2nd for "all countries," contrary to earlier expectations that only countries with trade imbalances would be affected [4] - The implementation of tariffs is seen as a strategy to fund corporate tax cuts [4] Market Performance - The Nasdaq index has declined nearly 15% from its highs 5.5 weeks ago, with the small-cap Russell 2000 down over 19% [5] - The Dow, S&P 500, and Nasdaq are all experiencing significant declines, with the Dow down 267 points, S&P 500 down 51 points, and Nasdaq down 238 points [5] Earnings Reports - Notable companies reporting earnings this week include PVH, RH, and Guess?, with Delta Air Lines and major banks like JPMorgan and Wells Fargo set to report later [7]