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Live Nasdaq Composite: AMZN (Nasdaq: AMZN), AVGO (Nasdaq: AVGO) Rise in Relief Rally

By Gerelyn Terzo Updated Apr 8, 3:22PM EDT · Published Apr 8, 10:03AM EDT

Key Points

The stock market is rising in a relief rally.
The Dow Jones Industrial Average added as much as 1,300 points but has come off of its highs.
Reports of a potential trade agreement sparked the rally.

Live Updates

Markets Turn South

Apr 8, 2025 at 3:22 PM EDT | Gerelyn Terzo

The markets have turned south across the board, with all three of the major stock market averages now headed for yet another down day. After rallying out of the gate, the Dow Jones Industrial Average is now losing about 300 points while the Nasdaq Composite and S&P 500 are each down about 2%. Canada has warned that its counter-tariffs are set to activate at midnight, reigniting market uncertainty.

The Mag 7 stocks have turned lower, including a nearly 5% drop in Apple (Nasdaq: AAPL | AAPL Price Prediction). Also, chipmakers have turned negative, including a 7.7% drop in Intel (Nasdaq: INTC) and 6.4% decline in Advanced Micro Devices (Nasdaq: AMD), both of which are dragging the semi sector lower.

Here’s a look at where things are headed into the closing bell:

Dow Jones Industrial Average: Down 288.97 (-0.76%)
Nasdaq Composite: Down 344.39 (-2.21%)
S&P 500: Down 76.91 (-1.5%)

Relief Rally Fades

Apr 8, 2025 at 1:27 PM EDT | Gerelyn Terzo

While it appeared today’s stock market rally had legs, stocks have since pulled back, with the three major stock market averages now trading mixed. The markets have basically erased earlier gains in what can only be chalked up to tariff-fueled uncertainty.

The S&P 500 had been up as much as 4% today but is now struggling to maintain any sort of upward momentum. Tariff negotiations between the U.S. and other countries appear to be making some headway but remain ongoing. Investors seemingly need something to hang their hats on before they are willing to commit to the market reversal.

Here’s a look at where things stand as of early-afternoon trading:

Dow Jones Industrial Average: Up 179.47 (+0.47)
Nasdaq Composite: Down 24.39 (-0.19%)
S&P 500: Up 0.02 (+0.01%)

Stocks Hold Gains

Apr 8, 2025 at 10:03 AM EDT | Gerelyn Terzo

Stocks are doing something they have not done a lot of in 2025 – rising. Not only did the markets start the day higher but they’ve managed to hold their gains, which is something they have struggled with in this volatile market cycle. All three of the major stock market averages are higher, alongside a stellar sector performance that has every category seeing green today.

Reports of tariff agreements between President Trump and countries like South Korea and China have been the positive catalyst to lift market sentiment today.

Here’s a look at where things stand as of mid-morning trading:

Dow Jones Industrial Average: Up 1,360.25 (+3.5%)
Nasdaq Composite: Up 619.62 (+3.8%)
S&P 500: Up 179.43 (+3.5%)

After three days of being stuck in reverse, the markets are breathing a sigh of relief today, rising across the board at the open. The markets are anticipating some sort of tariff agreement, and it is enough to unleash today’s gains. All three of the major stock market indexes are seeing green, with the Dow Jones Industrial Average tacking on over 1,300 points at its best while the Nasdaq Composite and S&P 500 are each gaining over 3% in today’s relief rally. Amazon (Nasdaq: AMZN) is up nearly 4% after launching AI advancement Nova Sonic.

Meta Platforms (Nasdaq: META) is buoying the Nasdaq Composite with a 5.7% jump while Broadcom (Nasdaq: AVGO) is rising 7.6% today.

Every sector of the economy is trading higher today, led by technology stocks, with a 4% advance as a group. Consumer discretionary and financial stocks aren’t too far behind, rising 3.7% and 3.3%, respectively, this morning.

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

Dow Jones Industrial Average: Up 1,082.14 (+2.85%)
Nasdaq Composite: Up 532.58 (+3.49%)
S&P 500: Up 144.62 (+2.86%)

Market Movers

Stock market favorite AppLovin (Nasdaq: APP) is gaining another 12% today, a welcome change from March’s declines in the stock price. The stock remains approximately 50% below its 52-week high.

Dividend stock CVS Health (NYSE: CVS) is gaining 8% today. With a dividend yield of 4.1%, CVS just affirmed its cash payout and appointed a new C-Suite executive. The company tapped UPS (NYSE: UPS) and PepsiCo (Nasdaq: PEP) alum Brian Newman has its new finance chief.

MicroStrategy (Nasdaq: MSTR) is rallying by 4% today alongside a bitcoin price that’s added 5% in the past 24 hours.

Walmart (NYSE: WMT) has been vulnerable to the tariff wars but is managing a 2% gain in today’s relief rally.

American Tower REIT (NYSE: AMT) is left out of the gains, falling 1.7% as property stocks feel the pressure from a potential economic slowdown.

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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.