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The fund uses a passive management (or indexing) approach to track the performance, before fees and expenses, of the index. The index is composed of the exchange-listed common stock (or depository receipts) of U.S. and international passenger airlines, aircraft manufacturers, airports, and terminal services companies (as determined by independent industry listings) across the globe (collectively, Airline Companies). The index may include small-, mid-, and large-capitalization companies. The fund is non-diversified.

Southwest Airlines Co.

American Airlines Pass Through Trusts

Delta Air Lines Inc.

United Airlines Holdings Inc.

Sun Country

Skywest Inc

Jetblue Airways Corp

Spirit Airlines, Inc.

Air Canada

Alaska Air Group Inc.

Amr Corp

Southwest Airlines Co

Frontier Group Holdings, Inc.

Allegiant Travel Co

US Global Jets ETF

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Southwest Airlines cerró el verano con un récord de vuelos completados sin cancelaciones. Acciones suben antes de la apertura del mercado.

¿Qué está sucediendo con las acciones de Southwest Airlines antes de la apertura del mercado el miércoles?

Shares of Sportsman&#8217;s Warehouse Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPWH#NASDAQ">SPWH</a>) rose sharply in today's pre-market trading after the company posted stronger-than-expected earnings and sales results for its <a href="https://in.benzinga.com/general/sports/25/04/44595938/sportsmans-warehouse-stock-soars-on-q4-earnings-revenue-beat-eps-beat-taking-share-in-core-categories-and-more">fourth quarter on Tuesday</a>.
Sportsman's Warehouse reported fourth-quarter revenue of $340.4 million, beating analyst estimates of $329.61 million, according to Benzinga Pro. Total revenue was down 8.1% on a year-over-year basis. The outdoor specialty retailer reported fourth-quarter adjusted earnings of four cents per share, beating estimates for a loss of six cents per share. Adjusted EBITDA was $14.6 million in the quarter.
Sportsman's Warehouse expects full-year 2025 net sales to be in the range of down 1% to up 3.5%. The company anticipates full-year adjusted EBITDA of $33 million to $45 million.
Sportsman&#8217;s Warehouse shares jumped 38.8% to $1.34 in pre-market trading
Here are some other stocks moving in pre-market trading.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>Digital Ally, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DGLY#NASDAQ">DGLY</a>) gained 159.6% to $0.0675 in pre-market trading after gaining around 8% on Tuesday.</li>
<li>ReShape Lifesciences Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RSLS#NASDAQ">RSLS</a>) rose 93.1% to $3.07 in pre-market trading after jumping 341% on Tuesday.</li>
<li>Sunshine Biopharma, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBFM#NASDAQ">SBFM</a>) rose 56.9% to $3.28 in pre-market trading. Sunshine Biopharma reported that 2024 revenue surged to $34.9 million from $24.1 million in the year-ago period.</li>
<li>Innovation Beverage Group Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBG#NASDAQ">IBG</a>) gained 44.1% to $0.7134 in pre-market trading.</li>
<li>AGM Group Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AGMH#NASDAQ">AGMH</a>) surged 28.2% to $0.0555 in pre-market trading after dipping around 8% on Tuesday.</li>
<li>bioAffinity Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIAF#NASDAQ">BIAF</a>) rose 26.6% to $1.38 in pre-market trading. BioAffinity Technologies shares jumped 319% on Tuesday following a year-over-year increase in FY24 financial results.</li>
<li>Sharps Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STSS#NASDAQ">STSS</a>) gained 23.1% to $0.0336 in pre-market after falling 9% on Tuesday.</li>
<li>Mister Car Wash, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCW#NASDAQ">MCW</a>) gained 12.3% to $8.89 in pre-market trading.</li>
<li>Grifols, S.A. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GRFS#NASDAQ">GRFS</a>) gained 11.7% to $7.78 in pre-market trading.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>Jayud Global Logistics Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JYD#NASDAQ">JYD</a>) shares fell 78.3% to $0.3490 in pre-market trading.</li>
<li>Syra Health Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SYRA#NASDAQ">SYRA</a>) fell 59.8% to $0.1085 in pre-market trading after the company announced voluntary delisting from the Nasdaq Capital Market.</li>
<li>Quad/Graphics, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QUAD#NYSE">QUAD</a>) declined 45.5% to $3.01 in pre-market trading.</li>
<li>nCino, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NCNO#NASDAQ">NCNO</a>) fell 31.5% to $19.30 in pre-market trading after the company reported weaker-than-expected earnings for its fourth quarter, while sales topped estimates. The company also said it sees first-quarter total revenues of $138.75 million to $140.75 million and adjusted earnings of 15 cents to 16 cents per share.</li>
<li>Seritage Growth Properties (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SRG#NYSE">SRG</a>) fell 29.3% to $2.10 in today's pre-market trading after dipping 8% on Tuesday. Seritage Growth Properties, on Monday, posted a fourth-quarter loss of 22 cents per share, versus a year-ago profit of 8 cents per share.</li>
<li>Waton Financial Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WTF#NASDAQ">WTF</a>) shares tumbled 28% to $14.30 in pre-market trading after jumping 396% on Tuesday.</li>
<li>Silvercrest Asset Management Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAMG#NASDAQ">SAMG</a>) fell 26.7% to $12.10 in pre-market trading.</li>
<li>Antelope Enterprise Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AEHL#NASDAQ">AEHL</a>) dipped 26.4% to $0.0705 in pre-market trading. Antelope Enterprise announced a 1-for-40 reverse stock split.</li>
<li>Rapport Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RAPP#NASDAQ">RAPP</a>) shares dipped 24.7% to $7.20 in pre-market trading following a 5% decline on Tuesday.</li>
<li>Newsmax, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NMAX#NYSE">NMAX</a>) shares fell 21.2% to $183.73 in pre-market trading. Newsmax shares surged 179% on Tuesday on continued IPO launch strength.</li>
</ul>
Now Read This: 
<ul>
<li><a href="https://www.benzinga.com/25/04/44600914/unifirst-blackberry-and-3-stocks-to-watch-heading-into-wednesday">UniFirst, BlackBerry And 3 Stocks To Watch Heading Into Wednesday</a> </li>
</ul>
Photo via Danille Nicole Wilson/Shutterstock

AEHL

AGMH

BIAF

DGLY

GRFS

NCNO

NMAX

QUAD

RAPP

RSLS

SAMG

SBFM

SPWH

STSS

SYRA

Why Sportsman's Warehouse Shares Are Trading Higher By Around 39%; Here Are 20 Stocks Moving Premarket

<h3>Companies Reporting Before The Bell</h3>
• BlackBerry (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BB#NYSE">BB</a>) is likely to report quarterly earnings at $0.00 per share on revenue of $132.81 million. 
• Cognyte Software (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CGNT#NASDAQ">CGNT</a>) is projected to report quarterly earnings at $0.01 per share on revenue of $93.15 million. 
• AngioDynamics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ANGO#NASDAQ">ANGO</a>) is expected to report quarterly loss at $0.13 per share on revenue of $70.30 million. 
• UniFirst (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNF#NYSE">UNF</a>) is projected to report quarterly earnings at $1.34 per share on revenue of $602.81 million. 
<h3>Companies Reporting After The Bell</h3>
• Bassett Furniture Indus (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BSET#NASDAQ">BSET</a>) is likely to report quarterly earnings at $0.03 per share on revenue of $79.62 million. 
• RH (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RH#NYSE">RH</a>) is expected to report quarterly earnings at $1.91 per share on revenue of $829.53 million. 
• Franklin Covey (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FC#NYSE">FC</a>) is projected to report quarterly loss at $0.06 per share on revenue of $62.65 million. 
• ClearSign Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLIR#NASDAQ">CLIR</a>) is projected to report earnings for its fourth quarter. 
• Penguin Solutions (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PENG#NASDAQ">PENG</a>) is expected to report quarterly earnings at $0.38 per share on revenue of $344.66 million. 
• Resources Connection (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGP#NASDAQ">RGP</a>) is expected to report quarterly loss at $0.10 per share on revenue of $130.00 million. 
• Nanobiotix (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NBTX#NASDAQ">NBTX</a>) is likely to report earnings for its Fiscal Year 2024. 
• EXoZymes (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXOZ#NASDAQ">EXOZ</a>) is projected to report earnings for its fourth quarter. 
• Logistic Properties (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/LPA#AMEX">LPA</a>) is estimated to report earnings for its fourth quarter. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings

ANGO

BSET

CGNT

CLIR

EXOZ

NBTX

Penguin Solutions, Inc. - Ordinary Shares

PENG

Earnings Scheduled For April 2, 2025

With U.S. markets in turmoil, the Oracle of Omaha is once again turning his gaze eastward, with Berkshire Hathaway Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) planning a new round of <a href="https://www.benzinga.com/markets/asia/24/10/41266529/warren-buffetts-berkshire-hathaway-reportedly-raises-1-9b-through-largest-samurai-bond-sale-in-5-yea">Yen-denominated bonds</a>, which it plans to invest primarily in five Japanese trading companies, in which it already maintains a sizable position.
What Happened: Berkshire Hathaway made new filings with the Securities and Exchange Commission (SEC) on Tuesday, announcing its intent to issue another round of Yen-denominated bonds, after naming Bank of America Securities (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>) and Mizuho Americas as the lead managers of the issue.
The company&#8217;s filings neither mention the size of the issue nor the coupon rates just yet, and there is no clarity on how it plans to use the proceeds either, but there have been indications that Berkshire might use this to <a href="https://www.benzinga.com/markets/25/03/44353719/warren-buffets-berkshire-hathaway-boosts-stake-in-japans-top-trading-firms">increase its holdings in Japan&#8217;s top 5 trading houses</a>. 
This includes Mitsubishi Corp, Mitsui &amp; Co, Marubeni, Itochu, and Sumitomo Corp, adding to its $24 billion position in these companies.
See More: <a href="https://www.benzinga.com/markets/25/04/44601400/nvidia-rival-amd-completes-4-9b-acquisition-of-zt-systems-to-strengthen-ai-and-data-center-dominance">Nvidia Rival AMD Completes $4.9B Acquisition Of ZT Systems To Strengthen AI And Data Center Dominance</a>
Berkshire first tapped into Japanese debt markets in 2019, attracted by the low interest rates, followed by several rounds each year since then. Its last issuance was in October 2024, when the company sold multitranch bonds worth $1.9 billion, and now this one marks its 10th Samurai (Yen) Bond issuance overall. 
Berkshire has two Yen-denominated bonds maturing in April and August this year, so part of the proceeds might go towards refinancing them as well.
Why It Matters: The issue adds to Berkshire&#8217;s massive $130 billion debt pile, even as it <a href="https://www.benzinga.com/25/02/43904932/warren-buffett-favors-5-treasury-bills-over-buybacks-as-berkshire-hathaways-cash-pile-surges-the-rate-of-change-thats-most-telling-says-lawrence-mcdonald">hoards cash worth $330 billion</a>, but the way it is structured makes a great deal of sense. 
To start with, the 5 trading companies that Berkshire is interested in each have remarkably high dividend yields, significantly higher than the coupon rates on the bonds it has issued. Moreover, given that the Japanese Yen is constantly declining against the US dollar, issuing Yen-denominated bonds acts as a hedge.
Warren Buffett has long been an admirer of Japanese companies and their work culture, but strictly from a valuation perspective, the Japanese stock market is <a href="https://www.hennessyfunds.com/insights/investment-idea-japan-valuations">a lot more attractive currently</a>, trading at 13.6 times earnings, compared to 25.3 times earnings in US stocks.
Berkshire has a momentum rating of 87% and a value rating of 71%, and is favorable for the short, medium, and long term. For more such insights, consider signing up for <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Benzinga Edge Stock Rankings</a>.
<figure class="wp-block-image aligncenter size-large"><img loading="lazy" decoding="async" width="1024" height="168" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/02040544/Screenshot-2025-04-02-at-1.31.37-PM-1024x168.png" alt="" class="wp-image-852718" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/02040544/Screenshot-2025-04-02-at-1.31.37-PM-1024x168.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/02040544/Screenshot-2025-04-02-at-1.31.37-PM-300x49.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/02040544/Screenshot-2025-04-02-at-1.31.37-PM-768x126.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/02040544/Screenshot-2025-04-02-at-1.31.37-PM.png 1418w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Read More:
<ul>
<li><a href="https://www.benzinga.com/markets/25/04/44601019/as-uncle-sam-tightens-purse-strings-palantir-is-feeling-the-squeeze">Elon Musk&#8217;s DOGE, Tightening Purse Strings Spell Trouble For Palantir: Here&#8217;s Why The AI Darling Is Facing The Heat</a></li>
</ul>
Photo courtesy: Shutterstock

Bonds

Global

Markets

Warren Doubles Down On Japan: Another Yen Bond Blitz Amid Growing US Market Volatility

Artificial intelligence infrastructure provider CoreWeave Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWV#NASDAQ">CRWV</a>) shares closed up 42% at $52.57 on Tuesday, marking a significant recovery in its third day of trading after the <a href="https://benzinga.com/news/ipos/25/03/44528908/nvidia-backed-coreweaves-ipo-comes-in-below-expectations-at-40-per-share">company&#8217;s initial public offering faced initial headwinds</a>.
What Happened: The Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) backed cloud computing firm, which priced its IPO at $40 per share below its expected range of $47 to $55, has now demonstrated substantial investor interest despite early concerns. CoreWeave shares had debuted at $39 on Friday.
Analysts suggest the company&#8217;s IPO challenges were specific to CoreWeave rather than indicative of the broader AI sector&#8217;s health. Rosenblatt analyst Chris Brendler noted that while the IPO debut was disappointing, it could prove beneficial for miners transitioning to <a href="https://in.benzinga.com/analyst-ratings/analyst-color/25/03/44566197/coreweave-ipo-performance-likely-due-to-company-not-ai-sector-analyst-says-investor-sentiment-remains-mixed">high-performance computing</a>.
&#8220;The market has been taking a &#8216;glass half empty&#8217; approach lately, but we still think CoreWeave&#8217;s IPO and HPC deal with Galaxy are positive developments,&#8221; Brendler said, highlighting a new 15-year lease between Galaxy Digital (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BRPHF#OTC">BRPHF</a>) and CoreWeave announced Friday.
D. Boral Capital analyst Jesse Sobelson pointed to specific company challenges, noting CoreWeave ultimately raised $1.5 billion instead of its initial $2.7 billion target. Nvidia reportedly helped backstop the offering <a href="https://in.benzinga.com/analyst-ratings/analyst-color/25/03/44566197/coreweave-ipo-performance-likely-due-to-company-not-ai-sector-analyst-says-investor-sentiment-remains-mixed">when investor demand fell short of expectations</a>.
See Also: <a href="https://www.benzinga.com/government/regulations/25/04/44601482/gold-holds-above-3100-mark-price-surge-reflects-growing-economic-uncertainty-here-are-some-etfs-to-capitalize-on-the-golden-rush">Gold Holds Above $3,100 Mark Amid Growing Economic Uncertainty: Here Are Some ETFs To Capitalize On The Golden Rush</a>
Why It Matters: CoreWeave&#8217;s strategic partnerships with industry leaders, including OpenAI, Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), and Nvidia, demonstrate significant confidence in the <a href="https://in.benzinga.com/news/ipos/25/03/44100280/nvidia-backed-coreweave-files-for-ipo-amid-explosive-ai-growth-revenue-surges-737-to-1-9-billion">company&#8217;s long-term potential</a>.
The company&#8217;s business model centers on renting high-performance GPU infrastructure to enterprises requiring substantial computational power for AI and machine learning workloads, a sector experiencing extraordinary demand growth, with CoreWeave reporting 737% year-over-year <a href="https://in.benzinga.com/news/ipos/25/03/44100280/nvidia-backed-coreweave-files-for-ipo-amid-explosive-ai-growth-revenue-surges-737-to-1-9-billion">revenue growth in 2024</a>.
Read Next: 
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<li><a href="https://www.benzinga.com/markets/equities/25/04/44601458/teslas-european-sales-decline-for-3rd-consecutive-month-amid-china-competition-ceo-elon-musks-political-controversies">Tesla&#8217;s European Sales Decline For 3rd Consecutive Month Amid China Competition, CEO Elon Musk&#8217;s Political Controversies</a></li>
</ul>
Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

BRPHF

CRWV

MSFT

NVDA

CoreWeave Surges 42% In Post-IPO Rally As Nvidia-Backed AI Firm Recovers From Weak Debut

As part of the agreement, Uber and RTA will collaborate on pilot programs, leveraging Uber's technology to match riders with AVs while ensuring a seamless and user-friendly experience. The partnership will also explore data insights, safety protocols, and regulatory frameworks to support a smooth transition to autonomous mobility in Dubai.

UBER

Uber and WeRide Join Forces With Dubai's RTA To Launch Autonomous Vehicles

As gold prices have been scaling new highs, experts believe there are more legs to this surge amid the growing economic uncertainty fueled by mixed economic data and President Donald Trump&#8216;s impending tariffs.
What Happened: Gold prices scaled a fresh high of $3,149.03 per ounce on Tuesday, rising as much as 18.78% on a year-to-date basis as of April 2.
Experts believe that tariffs are a reason for this surge because the disruption in global supply chains caused by the imposed duties will lead businesses to reassess their supply routes.
According to Eugenia Mykuliak, the founder and executive director at B2PRIME Group, a recalibration of the supply chain will lead to &#8220;Capital outflows from emerging markets and increased market volatility. As such, wary investors will naturally seek refuge in safe-haven assets, with gold being the most obvious one to benefit from this shift.&#8221;
Sean Hoey, the managing director of IBV International Vaults, also adds, &#8220;Gold's record-breaking surge is a clear reflection of growing economic uncertainty and market volatility fuelled by President Trump's latest tariffs.&#8221;
He believes that investors worldwide are turning to gold, &#8220;Reinforcing its role as a hedge against inflation and geopolitical instability.&#8221;
Mykuliak reaffirms that the price surge in the yellow metal is poised to continue. &#8220;Central banks and institutional investors are already increasing their gold reserves, and while the uncertainty lingers, gold's upward price trajectory is likely to continue,&#8221; she said.
See Also: <a href="https://www.benzinga.com/25/04/44600269/mark-cuban-argues-ais-new-sht-will-drive-growth-not-deflation">Mark Cuban Dismisses Concerns of AI Causing Deflation, Calls It The &#8220;Greatest Growth And Productivity Engine Ever&#8221;</a>
Why It Matters: According to Peter Schiff, the chief economist and global strategist at Europac and the chairman of SchiffGold, &#8220;The dollar has lost 95% of its purchasing power since the Fed's founding in 1913. Meanwhile, gold holds steady—which means going up when you measure it in dollar terms. In 1913, an ounce bought you a fine suit, and today, it still does. That's no accident. When you expand the money supply and availability of credit, prices rise.&#8221;
Schiff further cautions against trusting Federal Reserve Chairman Jerome Powell&#8217;s policies, arguing that neither inflation nor a potential recession is being effectively addressed. According to him, the true solutions lie in free market principles and investment in assets like gold.
While gold is up over 18% in 2025, here is a list of gold exchange-traded funds that investors can consider.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Gold ETFs</td>
<td>YTD Performance</td>
<td>One Year Performance</td>
</tr>
<tr>
<td>Franklin Responsibly Sourced Gold ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FGDL#NYSE">FGDL</a>)</td>
<td>17.13%</td>
<td>36.65%</td>
</tr>
<tr>
<td>Goldman Sachs Physical Gold ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/AAAU#BATS">AAAU</a>)</td>
<td>17.23%</td>
<td>36.67%</td>
</tr>
<tr>
<td>GraniteShares Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAR#NYSE">BAR</a>)</td>
<td>17.30%</td>
<td>36.68%</td>
</tr>
<tr>
<td>VanEck Merk Gold ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OUNZ#NYSE">OUNZ</a>)</td>
<td>17.18%</td>
<td>36.67%</td>
</tr>
<tr>
<td>SPDR Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>)</td>
<td>17.17%</td>
<td>36.36%</td>
</tr>
<tr>
<td>iShares Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IAU#NYSE">IAU</a>)</td>
<td>17.27%</td>
<td>36.60%</td>
</tr>
<tr>
<td>SPDR Gold MiniShares Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLDM#NYSE">GLDM</a>)</td>
<td>17.27%</td>
<td>36.82%</td>
</tr>
<tr>
<td>abrdn Physical Gold Shares ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SGOL#NYSE">SGOL</a>)</td>
<td>17.17%</td>
<td>36.59%</td>
</tr>
<tr>
<td>iShares Gold Trust Micro (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IAUM#NYSE">IAUM</a>)</td>
<td>17.31%</td>
<td>36.81%</td>
</tr>
<tr>
<td>Invesco DB Precious Metals Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DBP#NYSE">DBP</a>)</td>
<td>16.06%</td>
<td>29.46%</td>
</tr>
</tbody>
</table>
</figure>
Price Action: As of the publication of this article, the Gold Spot US Dollar was down 0.21% at $3,116.91 per ounce. The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, rose on Tuesday. The SPY was up 0.28% to $560.97, while the QQQ advanced 0.81% to $472.70, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
On Wednesday, futures of the Dow Jones index were down 0.15%, whereas the S&amp;P 500 and Nasdaq 100 indices also dropped by 0.24% and 0.31%, respectively.
Read Next:
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<li><a href="https://www.benzinga.com/general/market-summary/25/04/44579361/charlie-mungers-top-pick-costcos-golden-touch-gold-prices-soar-58-outpacing-spy-since-it-started-selling-gold-33-months-ago" target="_blank" rel="noreferrer noopener">Charlie Munger's Top Pick Costco's Golden Touch: Gold Prices Soar 58%, Outpacing SPY Since It Started Selling Gold 33 Months Ago</a></li>
</ul>
Photo courtesy: Shutterstock

Government

Market Summary

Specialty ETFs

Commodities

Economics

Federal Reserve

Analyst Ratings

ETFs

AAAU

FGDL

GLDM

IAUM

OUNZ

SGOL

Gold Holds Above $3,100 Mark Amid Growing Economic Uncertainty: Here Are Some ETFs To Capitalize On The Golden Rush

Tesla Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) sales in key European markets continued their downward trend in March, extending losses for a third consecutive month in multiple countries as the electric vehicle maker faces mounting challenges from <a href="https://www.benzinga.com/markets/equities/25/04/44599196/gene-munster-warns-teslas-q1-deliveries-will-be-ugly-expects-june-to-be-worse-before-gradual-recovery">Chinese competition and backlash</a> against CEO Elon Musk&#8216;s political activities.
What Happened: New Tesla registrations in France dropped 36.8%, Sweden fell 63.9%, and Norway slipped 1% compared to March 2024, according to official data. 
Denmark and the Netherlands saw even steeper declines of 65.6% and 61%, respectively, reported Reuters. First-quarter sales were down across all these markets, with quarterly declines ranging from 12.5% in Norway to 55.3% in both Sweden and Denmark.
Musk&#8217;s increasingly visible political activities, including support for far-right parties in Europe and his close alliance with U.S. President Donald Trump, appear to be alienating potential customers. 
This political stance has made Tesla vehicles and showrooms targets for vandalism, with <a href="https://in.benzinga.com/markets/equities/25/03/44555726/chamath-palihapitiya-claims-tesla-attacks-part-of-organized-effort-against-elon-musks-doge-role">cars burned and dealerships spray-painted</a> in Rome, Berlin, and Stockholm in recent days.
&#8220;We&#8217;re all embarrassed,&#8221; said Luca Del Bo, president of Italy&#8217;s Tesla owners club. &#8220;We&#8217;d all be happy of course if Musk just went back to just being a CEO.&#8221;
See Also: <a href="https://www.benzinga.com/trading-ideas/movers/25/04/44599257/bitcoin-ethereum-dogecoin-edge-higher-as-market-braces-for-trumps-liberation-day-why-arthur-hayes-still-sees-btc-hitting-250000-by-year-end">Bitcoin, Ethereum, Dogecoin Edge Higher As Market Braces For Trump&#8217;s &#8216;Liberation Day:&#8217; Why Arthur Hayes Still Sees BTC Hitting $250,000 By Year-End</a>
Why It Matters: Analysts expect Tesla to announce disappointing first-quarter global deliveries on Wednesday. Deepwater Asset Management&#8216;s Gene Munster predicts <a href="https://in.benzinga.com/markets/equities/25/04/44599196/gene-munster-warns-teslas-q1-deliveries-will-be-ugly-expects-june-to-be-worse-before-gradual-recovery">approximately 355,000 deliveries</a>, down about 8% year-over-year and below the analyst consensus of 377,592. Prediction markets on Kalshi give just a 56% probability of Tesla exceeding 350,000 deliveries.
The company&#8217;s European market share has declined, with brands like BYD (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDY#OTC">BYDDY</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDF#OTC">BYDDF</a>) and other Chinese EV makers gaining ground.
Price Action: Tesla Inc. closed at $268.46 on Tuesday, gaining 3.59% for the day. In after-hours trading, the stock edged down 0.14% to $268.08. Year to date, Tesla has fallen 29.22%.
Tesla stock has outperformed rivals Nio Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>) and Lucid Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCID#NASDAQ">LCID</a>) but trails Rivian Automotive Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>) in short- to long-term price trends, according to Benzinga Edge Stock Ranking. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Sign up to learn more</a>.
Read Next: 
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<li><a href="https://www.benzinga.com/markets/25/04/44601019/as-uncle-sam-tightens-purse-strings-palantir-is-feeling-the-squeeze">Elon Musk&#8217;s DOGE, Tightening Purse Strings Spell Trouble For Palantir: Here&#8217;s Why The AI Darling Is Facing The Heat</a></li>
</ul>
Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Tech

BYDDF

BYDDY

LCID

RIVN

TSLA

Tesla's European Sales Decline For 3rd Consecutive Month Amid China Competition, CEO Elon Musk's Political Controversies

The emergence of China&#8217;s low-cost artificial intelligence model, DeepSeek, shook global markets earlier this year, engulfing even Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) in its wake.
Acting as the first bearish catalyst of 2025, the model called into question the perception of U.S. tech superiority, pressurizing stocks and, eventually, Bitcoin <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/43248978/could-bitcoin-see-a-deeper-dip-on-the-deepseek-ai-shock">back below $100,000</a>.&nbsp;
But while its launch was the undoing of the leading cryptocurrency, DeepSeek itself was hopeful of Bitcoin&#8217;s rebound in the latter half of the year. 
What happened: We tried out the AI-powered search engine&#8217;s answer-giving skills, posing the most burning question from a cryptocurrency perspective, &#8220;How much could Bitcoin rise to by the end of 2025?&#8221;
The tool scoured online data sources, including forecasts by seasoned investor Cathie Wood and multinational bank Standard Chartered.
DeepSeek responded with a bull thesis ranging from $150,000 to $250,000+, contingent on Bitcoin&#8217;s prior halving cycles, continued institutional adoption, and higher inflation.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="628" height="830" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/02031843/Screenshot-2025-04-02-124820.png" alt="" class="wp-image-852628" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/02031843/Screenshot-2025-04-02-124820.png 628w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/02031843/Screenshot-2025-04-02-124820-227x300.png 227w" sizes="(max-width: 628px) 100vw, 628px" /><figcaption class="wp-element-caption">Source: DeepSeek</figcaption></figure>
In a moderate scenario, where new catalysts are limited and exchange-traded fund flows slow down, it projected a range of $80,000−$150,000.
In a bearish case, marred by prolonged recession and harsh regulatory conditions, DeepSeek expected Bitcoin to end between $30,000 and $60,000.
See Also:<a href="https://www.benzinga.com/24/12/42735744/pharma-bro-martin-shkreli-predicts-doom-for-michael-saylors-microstrategy-as-stock-dips-below-300-in-after-hours-trading"> </a><a href="https://www.benzinga.com/25/03/44555553/will-the-greatest-of-them-all-trump-memecoin-make-its-way-to-trump-media-etfs-polymarket-bettors-think-its-unlikely">&#8216;Greatest Of Them All&#8217; TRUMP Memecoin Headed for Trump Media ETFs? Polymarket Bettors Think It&#8217;s Unlikely</a>
Taking into account the best and worst, DeepSeek concluded by saying,
"A reasonable base case is $100,000−$200,000, assuming the halving cycle plays out similarly to past ones and institutional demand grows. However, extreme volatility and unforeseen risks mean outcomes could vary widely."
It&#8217;s worth highlighting that influential personalities such as venture capitalist Tim Draper and BitMex co-founder Arthur Hayes have painted a <a href="https://in.benzinga.com/25/03/44345006/arthur-hayes-predicts-bitcoin-surge-to-250000-by-year-end-says-current-downturn-is-clearing-out-deadwood-short-term-pain">$250,000 target</a> for Bitcoin by year-end. Similarly, Standard Chartered Bank anticipated that the leading <a href="https://in.benzinga.com/markets/cryptocurrency/25/03/44275216/bitcoin-to-defy-trump-tariffs-recession-fears-will-hit-200000-by-end-of-2025-standard-chartered">asset would hit $200,000</a>, defying recession fears and President Donald Trump&#8217;s tariff initiatives.
Price Action:&nbsp; At the time of writing, Bitcoin was exchanging hands at $84,202.21, up 0.90% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>. Year-to-date, the cryptocurrency was down over 9%.
Read Next:&nbsp;
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/03/44554819/elon-musk-dismisses-dogecoin-use-by-government-clears-the-air-on-doge-department-two-very-different-things">Elon Musk Dismisses Dogecoin Use By Government, Clears The Air On DOGE Department: &#8216;Two Very Different Things&#8217;</a></li>
</ul>
Photo courtesy: Shutterstock

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

$BTC

DeepSeek Debut May Have Dipped Bitcoin Under $100,000, But The AI Chatbot Sees Hope For Apex Crypto's Rise Up To $200,000 By Year-End

In a move to bolster its AI data-center offerings, Advanced Micro Devices (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) completed its $4.9 billion acquisition of data-center equipment designer ZT Systems on Monday.
What Happened: The acquisition, first announced in August, is a strategic move by AMD to strengthen its data-center systems offerings and position itself as a strong contender against Nvidia Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>). This acquisition will allow AMD to provide alternatives to Nvidia&#8217;s dominant chips and servers to key clients such as Microsoft (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) and Meta Platforms (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>).
AMD&#8217;s CEO, Lisa Su, highlighted the increasing complexity of hardware integration with the rise of AI, stating, &#8220;You&nbsp;really have to put the&nbsp;entire system together.&#8221;
See Also: <a href="https://benzinga.com/markets/cryptocurrency/25/04/44593554/bitcoin-ethereum-xrp-dogecoin-surge-as-trader-eyes-88000-for-btc-to-touch-new-higher-high" target="_blank" rel="noreferrer noopener">Bitcoin, Ethereum, XRP, Dogecoin Surge As Trader Eyes $88,000 For BTC To Touch &#8216;New Higher High&#8217;</a>
AMD&#8217;s acquisition of ZT is aimed at securing a share of the &#8220;AI factory,&#8221; a concept associated with Nvidia&#8217;s strategy of providing a one-stop solution for all key data center components. AMD sets itself apart by offering an open-source ecosystem, allowing customers to select their preferred components.
AMD has also incorporated ZT Systems&#8217;&nbsp;1,000 design engineers, who focus on hardware and server design, into the AMD Data Center Solutions division. 
Frank Zhang, Former ZT Systems Founder and CEO, joins AMD as senior vice president of ZT Manufacturing, while Former President Doug Huang joins as senior vice president of Data Center Platform Engineering
Why It Matters: The acquisition of ZT Systems by AMD marked a significant expansion of <a href="https://www.benzinga.com/m-a/24/08/40438854/amd-expands-ai-capabilities-acquires-zt-systems-in-major-4-9b-deal">AMD&#8217;s AI capabilities</a>. The deal is seen as a major step towards enhancing AMD&#8217;s position in the AI infrastructure market.
ZT Systems, a privately held company based in Secaucus, N.J., had over $10 billion in annual revenue when the deal was announced. AMD is now in the process of selling ZT's manufacturing unit. 
During the past years, AMD has acquired other companies to strengthen its data center capabilities. In 2022, AMD acquired Xilinx and Pensando to strengthen its data-center offerings.
AMD&#8217;s strategy to strengthen its data-center offerings was further highlighted recently when the company announced that its fifth-generation AMD EPYC <a href="https://www.benzinga.com/25/03/44568964/amd-powers-oracle-cloud-with-new-epyc-chips-promising-major-boost-in-performance">processors would </a>power the Oracle Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>) Oracle Cloud Infrastructure (OCI) Compute E6 Standard shapes. This move promised a significant boost in performance, with up to a 2 times increase in cost-to-performance compared to the previous E5 instance generation.
AMD holds a momentum rating of 12.93% and a growth rating of 66.54%, according to&nbsp;<a href="https://www.benzinga.com/quote/AMD" target="_blank" rel="noreferrer noopener">Benzinga's Proprietary Edge Rankings</a>. For an in-depth report on more stocks and insights into growth opportunities,&nbsp;<a href="https://www.benzinga.com/screener/top-momentum-stocks" target="_blank" rel="noreferrer noopener">sign</a>&nbsp;<a href="https://www.benzinga.com/screener/top-momentum-stocks" target="_blank" rel="noreferrer noopener">up for Benzinga Edge.</a>
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<li>Read Next: <a href="https://benzinga.com/tech/25/03/44487389/sundar-pichai-shows-off-googles-most-intelligent-ai-ever-with-a-dinosaur-video-game-that-even-you-could-make-with-a-simple-prompt" target="_blank" rel="noreferrer noopener">Sundar Pichai Shows Off Google&#8217;s &#8216;Most Intelligent AI&#8217; Ever With A Dinosaur Video Game That Even You Could Make With A Simple Prompt</a></li>
</ul>
Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

GOOGL

ORCL

Nvidia Rival AMD Completes $4.9B Acquisition Of ZT Systems To Strengthen AI And Data Center Dominance

YouTube star Jimmy Donalson, popularly known as MrBeast, pulled a dark yet humorous April Fool's prank that involved burning 20 million trees and blinding 1,000 kids, but it was all in jest and a reference to his past charitable efforts.
What Happened: On April 1, MrBeast took to X, formerly Twitter, and said that he had burned 20 million trees for his upcoming YouTube video.&nbsp;
&#8220;Proud to announce I've burned down 20,000,000 trees! Can't wait to upload this video,&#8221; he wrote, causing a stir among his millions of followers.
See Also: <a href="https://in.benzinga.com/media/25/02/43996522/mrbeast-lost-millions-on-amazons-beast-games-now-hes-looking-to-raise-hundreds-of-millions-to-take-his-brand-to-the-next-level">MrBeast Lost Millions On Amazon&#8217;s &#8216;Beast Games&#8217;—Now He&#8217;s Looking To Raise Hundreds Of Millions To Take His Brand To The Next Level</a>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Proud to announce I've burned down 20,000,000 trees! Can't wait to upload this video &#x1f64c;&#x1f3fb;
&mdash; MrBeast (@MrBeast) <a href="https://twitter.com/MrBeast/status/1907176009004380262?ref_src=twsrc%5Etfw">April 1, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
As people reacted with confusion and humor, one fan jokingly asked, "How many kids did you blind, MrBeast?"
In response, MrBeast said, "Blinded a thousand so I could have more to cure," again referencing his past philanthropic efforts.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">1,000 so then I have more to cure! &#x1f64c;&#x1f3fb;
&mdash; MrBeast (@MrBeast) <a href="https://twitter.com/MrBeast/status/1907178329955790967?ref_src=twsrc%5Etfw">April 1, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
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Why It's Important: These statements were obviously jokes, but they did call back to two notable philanthropic projects MrBeast has been involved in.
The first is his Team Trees initiative, which gained significant attention in 2022 when he and fellow YouTuber Mark Rober launched the campaign to plant 20 million trees.
As of 2025, the project has surpassed its original goal, reaching more than 24 million trees planted.
His second reference, the blinding 1,000 kids joke, is a <a href="https://www.benzinga.com/general/entertainment/23/03/31284905/youtube-star-mrbeast-gifts-shoes-to-thousands-of-children-in-need-in-latest-video">nod to his 2023 video</a> "1,000 Blind People See For The First Time," which saw MrBeast financially supporting surgeries to restore sight for 1,000 individuals.
Image via Shutterstock
Check out more of Benzinga's Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:
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<li><a href="https://www.benzinga.com/tech/25/01/43078570/mrbeast-unhappy-with-billionaires-silence-on-feeding-the-hungry-after-overwhelming-interest-about-tiktok-purchase-when-i-fundraise-its-crickets" target="_blank" rel="noreferrer noopener">MrBeast Unhappy With Billionaires&#8217; Silence On Feeding The Hungry After Overwhelming Interest About TikTok Purchase: ‘When I Fundraise It&#8217;s Crickets&#8217;</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

MrBeast Says He's Burned Down 20 Million Trees And Blinded 1,000 Kids, But The Dark April Fool's Joke Is A Callback To His Philanthropy

A substantial data breach has been reported at&nbsp;Elon Musk&#8217;s&nbsp;social media platform,&nbsp;X, impacting millions of accounts.
What Happened: The cybersecurity team at SafetyDetectives stumbled upon a <a href="https://www.safetydetectives.com/news/x200m-leak-report/">post</a> on BreachForums, a hacking message board. The post, made by a user named ThinkingOne, contained a 34 GB CSV file with over 201 million entries of data purportedly from X users.
X did not immediately respond to <a href="http://pro.benzinga.com">Benzinga&#8217;s</a> request for comment. 
ThinkingOne cross-referenced the 2025 leak with a January 2023 X data breach, which contained email addresses of 209 million users. Although the older breach had less metadata, it included private email addresses. As a result, ThinkingOne compiled a file on 201 million active users from the 2025 leak whose emails had already been exposed.
ThinkingOne stated that the leaked data of nearly 400 GB does not contain sensitive user information. However, it includes metadata like account creation dates, locations, display names, post counts, and other similar details. Coupled with previously leaked email addresses, this information could be exploited by hackers for phishing and social engineering campaigns. SafetyDetectives has confirmed the authenticity of a sample of the leaked data. The exact origin of the breach is yet to be determined.
According to Computing.co.uk, a disgruntled employee is likely to have stolen data from 2.87 billion profiles during mass layoffs following Elon Musk&#8217;s 2022 acquisition. 
See Also:&nbsp;<a href="https://benzinga.com/news/25/03/44575557/mark-cuban-says-if-they-replaced-elon-musk-with-him-hes-still-try-to-make-government-smaller-by-cutting-a-lo" target="_blank" rel="noreferrer noopener">Mark Cuban Says, If They Replaced Elon Musk With Him, He&#8217;s Still Try to Make Government Smaller By &#8216;Cutting A Lot Of People&#8217;</a>
Why It Matters:  According to Statista, X has over 400 million users worldwide, hence, the count of 2.87 billion profiles could include historical or experimental records, bot accounts, banned or inactive profiles, merged legacy and modern data, and non-user entities like API accounts.
"This is by far the largest social media breach ever, in terms of number of users, and there is at least a possibility that the person responsible for the breach has other data including emails, phone numbers and passwords,&#8221; data enthusiast ThinkingOne told Davey Winder,&#8217; veteran cybersecurity analyst at Forbes. 
This incident follows a previous report of a &#8220;massive cyberattack&#8221; on X in early March, which Elon Musk claimed to have <a href="https://www.benzinga.com/markets/25/03/44241034/elon-musk-says-ukraine-behind-massive-cyberattack-on-x-were-not-sure-exactly-what-happened">originated from </a>Ukraine. Musk, currently leading the Trump administration&#8217;s Department of Government Efficiency (DOGE), had revealed that X was under a significant cyberattack.
On Friday, Elon Musk's xAI acquired the social media platform X for $33 billion. &#8220;Today, we officially take the step to combine the data, models, compute, distribution and talent,&#8221; Musk stated
The latest data breach raises concerns over the security measures in place at X and the potential risks to its users. The full impact of this breach remains to be seen, as investigations continue.
<ul>
<li>Read Next: <a href="https://benzinga.com/tech/25/03/44487389/sundar-pichai-shows-off-googles-most-intelligent-ai-ever-with-a-dinosaur-video-game-that-even-you-could-make-with-a-simple-prompt" target="_blank" rel="noreferrer noopener">Sundar Pichai Shows Off Google&#8217;s &#8216;Most Intelligent AI&#8217; Ever With A Dinosaur Video Game That Even You Could Make With A Simple Prompt</a></li>
</ul>
Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Massive Data Breach At Elon Musk's X Reportedly Exposes Data Of Millions Of Accounts: 'By Far The Largest Social Media Breach Ever'

The CNN Money Fear and Greed index showed almost no change in the overall market sentiment, while the index remained in the &#8220;Extreme Fear&#8221; zone on Tuesday.
U.S. stocks settled mixed on Tuesday, with the S&amp;P 500 closing slightly higher during the session as investors awaited details on the tariff plans expected from the Trump administration on Wednesday.
On Tuesday, a Washington Post report suggested the administration is considering a sweeping 20% tariff on most of the $3 trillion in annual imports.
The S&amp;P 500 declined 5.8% in March, recording its biggest monthly decline since December 2022. The Nasdaq dipped 8.2%, while the Dow tumbled 4.2% last month. For the quarter, the S&amp;P 500 dropped, while the Nasdaq dipped 10.4%. The Dow lost 1.3% during the first three months of the year.
On the economic data front, the ISM manufacturing PMI declined to 49 in March compared to a reading of 50.3 in February, and also missing market estimates of 49.5. U.S. construction spending increased 0.7% month-over-month in February following a revised 0.5% fall in January. The number of job openings fell by 194,000 to 7.568 million in February compared to a revised 7.762 million in the previous month.
Most sectors on the S&amp;P 500 closed on a positive note, with consumer discretionary, communication services, and information technology stocks recording the biggest gains on Tuesday. However, health care and financial stocks bucked the overall market trend, closing the session lower.
The Dow Jones closed lower by around 12 points to 41,989.96 on Tuesday. The S&amp;P 500 rose 0.38% to 5,633.07, while the Nasdaq Composite climbed 0.87% to 17,449.89 during Tuesday's session.
Investors are awaiting earnings results from UniFirst Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNF#NYSE">UNF</a>), BlackBerry Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BB#NYSE">BB</a>), and RH (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RH#NYSE">RH</a>) today.
What is CNN Business Fear &amp; Greed Index?
At a current reading of 19.3, the index remained in the &#8220;Extreme Fear&#8221; zone on Tuesday, versus a prior reading of 19.3.
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
Read Next: 
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<li><a href="https://www.benzinga.com/analyst-ratings/price-target/25/04/44584246/wall-streets-most-accurate-analysts-give-their-take-on-3-consumer-stocks-delivering-high-dividend-yields-6">Wall Street&#8217;s Most Accurate Analysts Give Their Take On 3 Consumer Stocks Delivering High-Dividend Yields</a> </li>
</ul>
Photo via Shutterstock

Pre-Market Outlook

Trading Ideas

S&P 500 Settles Higher Ahead Of Tariff Day: Greed Index Remains In 'Extreme Fear' Zone

Palantir Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>) has a lot at stake with the federal budget about to get slashed to the tune of $1 trillion by May this year, as part of the D.O.G.E. initiative, spearheaded by Elon Musk.
What Happened: The Alex Karp-led company has had a tough couple of weeks, with the stock dropping nearly 33% since mid-February, losing $90 billion in market capitalization, all in response to the ongoing efficiency drive within the US Federal Government that seeks to cut unnecessary expenses.
The DOGE team recently uncovered 1,000s unused software licenses within the government, and the Department of Defense went a step further and <a href="https://in.benzinga.com/government/regulations/25/03/44559866/pltr-stock-falls-over-7-in-monday-pre-market-whats-going-on">canceled its contracts</a> with Oracle Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>), citing delays and cost overruns. While Palantir wasn&#8217;t impacted by any of this, the intention was made clear, wasteful expenses will not be tolerated.
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Adding to these concerns, Goldman Sachs Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>) analyst Gabriela Borges recently <a href="https://www.theglobeandmail.com/investing/markets/stocks/PLTR/pressreleases/31650770/government-budget-cuts-and-goldmans-worries-weigh-on-palantir-stock-pltr/">reiterated her &#8216;Neutral&#8217; stance</a> on the stock, citing valuation concerns and uncertainties regarding its long-term competitive edge.
After exploring Palantir&#8217;s core platform and features, including the new Ontology platform, Borges felt that the company&#8217;s competitive advantages could erode rather quickly as AI continues to advance across the board. It certainly didn&#8217;t warrant a valuation of nearly 450 times earnings.
However, other analysts such as Wedbush have <a href="https://qz.com/gateway/trump-trade-war-tariffs-stock-market-1851774130">spoken out in favor of the company</a>, citing long-term tailwinds from DOGE and the broader pursuit of governmental efficiencies. Wedbush analysts said, &#8220;Palantir could actually gain more deals and IT budget dollars across various government agencies.&#8221;
Why It Matters: With 40% of its revenues coming from government contracts, Palantir is poised to experience at least some headwinds in the near term. 
The last time the US government decided to balance the budget was in the early 2010s, during the sequestration, when IT stocks with exposure to the government saw their valuations evaporate. Palantir could experience the same, not because it doesn&#8217;t add any value, but because its valuations are too high to justify any such volatility in earnings.
Benzinga Edge Rankings show Palantir having strong growth and momentum, scoring at 86th and 99th percentile, respectively, while being tagged as unfavorable in the short-term, but favorable in the medium and long-term. For insights on more IT and defense stocks, check out <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Benzinga Edge Stock Rankings</a>.
<figure class="wp-block-image aligncenter size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="168" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/02021439/Screenshot-2025-04-02-at-11.44.06-AM-1024x168.png" alt="" class="wp-image-852517" style="width:920px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/02021439/Screenshot-2025-04-02-at-11.44.06-AM-1024x168.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/02021439/Screenshot-2025-04-02-at-11.44.06-AM-300x49.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/02021439/Screenshot-2025-04-02-at-11.44.06-AM-768x126.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/02021439/Screenshot-2025-04-02-at-11.44.06-AM.png 1418w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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UniFirst Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNF#NYSE">UNF</a>) will release its second-quarter financial results before the <a href="https://www.benzinga.com/quote/unf/earnings">opening bell on Wednesday, April 2.</a>
Analysts expect the company to report quarterly earnings at $1.34 per share, up from $1.12 per share in the year-ago period. UniFirst projects quarterly revenue of $602.81 million, compared to $590.71 million a year earlier, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
On March 24, Cintas Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTAS#NASDAQ">CTAS</a>) ended deal talks with UniFirst. The company had offered $275 per share in cash.
UniFirst shares rose 0.8% to close at $175.36 on Tuesday.
Benzinga readers can access the latest analyst ratings on the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Analyst Stock Ratings</a> page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let's have a look at how Benzinga's most-accurate <a href="https://www.benzinga.com/quote/GBX/analyst-ratings">analysts have rated the company</a> in the recent period.
<ul>
<li>Baird analyst Andrew Wittmann maintained a Neutral rating and increased the price target from $199 to $200 on Oct. 24, 2024. This analyst has an accuracy rate of 73%.</li>
<li>JP Morgan analyst Andrew Steinerman maintained an Underweight rating and increased the price target from $170 to $175 on June 27, 2024. This analyst has an accuracy rate of 77%.</li>
</ul>
Considering buying UNF stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="605" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/02025503/image-14-1024x605.png" alt="" class="wp-image-852592" style="width:577px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/02025503/image-14-1024x605.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/02025503/image-14-300x177.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/02025503/image-14-768x454.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/02025503/image-14.png 1102w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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