[Breaking News] New York Stock Exchange Weakens Amid Tariff Pressure and PMI Index Release⋯Tesla Rises Alone by 4%

# U.S. Stock Market Opens April on a Weak Note as Trade Tariff Concerns Loom The U.S. stock market showed a bearish trend at the start of April as uncertainties surrounding trade tariffs continued to weigh on investor sentiment. As of 10:10 a.m. Eastern Time on April 1, the Nasdaq Composite was trading down 0.47% at 17,217.70, the Dow Jones Industrial Average slipped 0.94% to 41,589.97, and the S&P 500 declined 0.74% to 5,572.05. While manufacturing PMI data exceeded expectations, ongoing concerns about economic stability exacerbated the downward trend. According to U.S. Treasury Secretary Scott Besant, details regarding mutual tariffs are expected to be announced on April 2 at 3 p.m. ET (April 3 at 4 a.m. KST), keeping investors on edge. # Manufacturing PMI Surpasses Estimates but Reflects Slowdown The U.S. Manufacturing Purchasing Managers’ Index (PMI) came in at 50.2, slightly above the market expectation of 49.8, but marked a decline from February’s reading of 52.7. The lower figure signals a deceleration in growth within the manufacturing sector. Following the release of this data, U.S. equities saw further declines, reflecting mounting investor concerns. # Individual Stocks See Mixed Movements Amid Broader Decline Despite the challenging market conditions, stocks across different sectors displayed varied performances. Electric vehicle leader Tesla saw its shares rise 4.08% to $291.15, drawing investor attention. Tesla's steady upward momentum has been attributed to optimism around new vehicle launches and expectations for broader expansion in the EV market. Conversely, Nvidia, a semiconductor industry heavyweight, struggled early in the session, declining 0.48% to $107.87. The company has faced pressure due to slowing demand for AI-related products and broader concerns over the semiconductor sector, hurting investor sentiment. Meanwhile, Apple and Microsoft showed modest growth, with their shares rising 0.03% and 1.16%, respectively. # Investors Focus on Upcoming Economic Data Amid Trade Tariff Announcement As investors closely monitor the Trump administration’s tariff announcement, a series of crucial labor market indicators set to be released this week are also in focus. The U.S. Department of Labor’s February Job Openings and Labor Turnover Survey (JOLTs) is scheduled for release today, followed by ADP’s March private-sector employment report on April 2 and the initial jobless claims report on April 3. Capping off the week, the March Employment Situation Report, one of the most reliable indicators of the U.S. labor market’s overall health, will be released by the Labor Department on April 4. This report includes data from both private and public sectors, offering a comprehensive snapshot of employment trends in the U.S. economy. The backdrop of tariff discussions and labor market updates will likely set the tone for market activity in the coming days as investors navigate these critical developments.