On tariff day, the stock market opened lower with the Dow, Nasdaq, and S&P 500 all experiencing slight declines. Energy stocks led the downturn, notably Halliburton, which dropped nearly 2%. Conversely, Netflix rose nearly 2%, indicating strong performance amidst a tough market, while Coinbase gained 1% possibly due to positive industry news. Tesla faced challenges with a drop of about 1%, affected by disappointing delivery numbers despite its Model Y being a bestseller in China. Overall, market sentiment was cautious with tariff strategies in focus.
The markets came out of the gate lower on tariff day, but declines are modest.
Netflix is gaining on the day while the Magnificent 7 stocks are floundering.
Crypto exchange Coinbase is higher on positive crypto sentiment.
Tesla stock is having a rocky day.
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