Hao Ng
Australia
2025 YTD Portfolio Performance: My portfolio: -8.51% S&P500: -9.98% 21/4/25 Market Weekly Outlook: U.S. stock futures dropped on Monday, extending recent market weakness amid ongoing concerns over global trade tensions and limited progress in negotiations. Dow Jones futures fell 351 points (0.9%), while S&P 500 and Nasdaq-100 futures declined by 1% and 1.1%, respectively. This downturn follows a rough patch for Wall Street, with all three major indexes logging a third weekly loss in the past month. Despite a brief uptick on Thursday, the S&P 500 ended the shortened holiday week down 1.5%. The Dow and Nasdaq each recorded more than a 2% decline over the four-day trading period. Markets were closed Friday for Good Friday. A key driver of recent losses has been heightened anxiety around President Donald Trump’s proposed tariffs. Since Trump’s announcement on April 2 introducing new levies on imports, major indexes have fallen roughly 7%. Fed Chair Jerome Powell has voiced concerns that these tariffs may hinder the central bank’s efforts to manage inflation and sustain economic growth. Further unsettling markets, Trump called for interest rate cuts last Thursday and even suggested removing Powell as Fed Chair, fueling fears over the Federal Reserve’s independence. The dollar weakened, with the U.S. dollar index slipping over 1% to 98.13. This decline helped lift gold futures, which jumped 2.4% to hit record highs above $3,400 per ounce. Nvidia also dragged on markets last week, falling nearly 6% after revealing a $5.5 billion quarterly charge related to export restrictions on its H20 chips, particularly affecting sales to China. Looking ahead, let's brace for a pivotal week in earnings. Over 100 S&P 500 companies are set to report, including major players like Alphabet, Tesla, and Boeing—reports that could provide fresh direction for the market. Have a great week ahead! $VOOV (Vanguard S&P 500 Value ETF)
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VOOV
Vanguard S&P 500 Value ETF
199.90
-2.24 (-1.11%)
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