March 2025 Stock Market Movers: Target Soars, Apple & Tesla Dip Amid Key Developments
Explore the latest stock market shifts in March 2025 as Target outperforms while Apple and Tesla face setbacks due to declining iPhone sales in China and production halts.
With over 25 years of expertise, Bill McColl leads teams in broadcast journalism, delivering insightful coverage on major financial and tech news stories shaping today's markets.
Essential Insights
- On March 5, 2024, U.S. stock markets declined midday, primarily driven by losses in technology shares including Apple and Tesla.
- Target's stock surged significantly following earnings results that surpassed market expectations.
- Shares of semiconductor and AI companies dropped after U.S. regulators restricted AMD from exporting a downgraded AI chip to China.
The Nasdaq index fell over 1.7%, the S&P 500 dropped about 1%, and the Dow Jones Industrial Average decreased close to 1%, reflecting broad tech sector weakness.
Apple Inc. (AAPL) experienced a share price decline after Counterpoint Research reported a 24% plunge in iPhone sales in China during the first six weeks of 2024 compared to the same period last year.
Tesla Inc. (TSLA) shares also fell following a production halt at its Berlin factory due to a suspected arson incident.
Federal authorities blocked Advanced Micro Devices (AMD) from exporting a less advanced AI chip to China, impacting stock prices of chipmakers and AI-focused firms.
Retail giant Target Corporation (TGT) emerged as the top performer within the S&P 500, driven by strong quarterly earnings that exceeded analyst forecasts.
Commodity markets saw oil futures rise, gold prices reach historic highs, and Bitcoin initially hitting new peaks before retreating. Most major cryptocurrencies declined, while the 10-year U.S. Treasury yield slipped and the U.S. dollar weakened against the euro, pound, and yen.
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