Live Nasdaq Composite: Gainers APP, LRCX Needles in Haystack

By Gerelyn Terzo Updated Apr 7, 2:53PM EDT · Published Apr 7, 10:24AM EDT

Key Points

The stock market sell-off is not over, with all three of the major stock market averages widening their losses.
Beijing’s retaliatory tariffs have exacerbated the global trade war.
AppLovin stock is a rare gainer today.

Live Updates

Wild Ride

Apr 7, 2025 at 2:50 PM EDT | Gerelyn Terzo

The markets are continuing their wild ride, with the three major stock market indices turning mixed. The Dow Jones Industrial Average is modestly lower while the S&P 500 and Nasdaq Composite are holding onto some of their earlier gains. Sectors of the economy are mixed, with technology trading higher and energy stocks under pressure.

The Mag 7 stocks are mixed, with Apple (Nasdaq: AAPL | AAPL Price Prediction) losing 3.7% while Nvidia (Nasdaq: NVDA) is up 4.4% on the day.

U.S. Steel (NYSE: X) is soaring 14% today on the heels of President Trump’s decision to reconsider its combination with Nippon Steel after the Biden administration rejected it. While it’s not yet a Merger Monday, there could be one in the works.

Here’s a look at the performance as of mid-afternoon trading:

Dow Jones Industrial Average: Down 258.35 (-0.69%)
Nasdaq Composite: Up 119.93 (+0.76%)
S&P 500: Up 21.44 (+0.46%)

Market Reversal

Apr 7, 2025 at 10:24 AM EDT | Gerelyn Terzo

The stock market has just reversed course, with all three of the major stock market averages now trading in the green. Nearly every sector of the economy has flipped from red to green. Scuttlebutt of potential tariff relief in sight has been the positive catalyst for the market reversal today.

Here’s a look at the performance as of mid-morning trading:

Dow Jones Industrial Average: Up 2.21 (+2.31%)
Nasdaq Composite: Up 589.60 (+4.35%)
S&P 500: Up 138.06 (+2.3%)

The selling is not over. Stocks have yet to find a bottom as the three major stock market indices continue to spiral downward, including the Nasdaq Composite, Dow Jones Industrial Average and S&P 500. The trade wars ignited by President Trump’s tariffs have only intensified in recent days, with Beijing’s retaliatory moves sparking further selling in an already fragile global market environment. Financial stocks are reeling by 2.5% today as bank CEOs reportedly gather to discuss the tariff fallout today.

All of the Magnificent Seven stocks are pressuring the Nasdaq Composite lower today, not least a 5.7% drop in Tesla (Nasdaq: TSLA), which has lost approximately 15% over the past five days. The S&P 500 is hovering at 2024 lows.

Here’s a look at the performance as of morning trading:

Dow Jones Industrial Average: Down 1,469.34 (-3.80%)
Nasdaq Composite: Down 680.64 (-4.32%)
S&P 500: Down 201.46 (-3.97%)

Market Movers

Finding gainers today is akin to locating a needle in a haystack, but they are there. AppLovin (Nasdaq: APP) is rising 2.2%, which is impressive in this broader market sell-off. AppLovin is on the hunt to buy TikTok’s assets located outside of China. AppLovin CEO Adam Foroughi believes his companies bid outshines those of rivals. APP stock is still a far cry from its 52-week high of $525, but it has also come a long way from its 52-week low of $60 per share.

Semiconductor stock Lam Research (Nasdaq: LRCX) is up almost 7% today despite wider 17.7% losses year-to-date. Lam’s gains come in the face of a declining semiconductor sector in which the E-Mini PHLX Semi index is down 3% today.

SuperMicro (Nasdaq: SMCI) Computer is gaining 10% at last check and is among the top performers in the S&P 500 as of mid-morning trading.

Dollar Tree (Nasdaq: DLTR) stock is racing ahead by 11%, buoyed by a recent Wall Street analyst upgrade over at Citi, which has confidence in the company’s ability to navigate a tariff economy.

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About the Author Gerelyn Terzo →

Gerelyn Terzo is the author of dividend investing handbook "Dividend Investing Strategies: How to Have Your Cake & Eat It Too." A veteran financial journalist, she covers agri-finance for outlets like Global AgInvesting and the broader stock market and personal finance for 24/7 Wall Street. She began at CNBC and later helped launch Fox Business in New York. Gerelyn currently resides in Woodland Park, Colorado and dabbles in nature photography as a hobby.