April 2025

US stocks are closing mostly lower but rarely modestly into the close. It could’ve been worse:

• Dow industrial average fell -699.57 points or -1.73% to 39669.39.
• S&P index fell -120.93 points or -2.24% to 5275.70.
• NASDAQ index fell – -516.01 points or -3.07% to 16307.16.
• Russell 2000 fell -19.44 points or -1.03% to 1863.47.

Shares of Nvidia moved down sharply by $7.71 or -6.87% at $104.49.

Other big losers included:

This article was written by Greg Michalowski at www.forexlive.com.

New Zealand inflation data and Aussie jobs report are a couple of focal points for the calendar ahead.

The slight tick higher expected for NZ CPI will not prevent further rate cuts from the Reserve Bank of New Zealand. Not in this tariff-war-led pre-recession environment.

Last month’s Australian jobs report showed a substantial drop in jobs, expected to be partially reversed today. Hmmm. Let’s see about that!

As a caveat to both these reports, they are for pre-April, i.e. they don’t capture the initial impact of Trump’s Liquidation Liberation Day reciprocal tariff economic destruction.

This snapshot from the ForexLive economic data calendar, access it here.

The times in the left-most column are GMT.

The numbers in the right-most column are the ‘prior’ (previous month/quarter as the case may be) result. The number in the column next to that, where there is a number, is the consensus median expected.

This article was written by Eamonn Sheridan at www.forexlive.com.

Nvidia (NVDA) began the Wednesday session down on bad news regarding its H20 chip, and the sell-off has only gained energy as the session progressed. About one hour out from the close, NVDA stock gave up more than 10% to trade near $100.45.