On April 3, 2025, the US stock market opened with mixed performance. The Nasdaq Composite Index rose by 0.87%, the S&P 500 Index increased by 0.67%, and the Dow Jones Industrial Average gained 0.56%.

In terms of industry sectors, the US panic index ETFs saw a significant rise, with Cboe Volatility Index up 22.64%, ProShares Ultra VIX Short-Term Futures ETF up 21.37%, and 2X Long VIX Futures ETF up 27.96%. Conversely, the electric vehicle sector experienced a notable decline, with Tesla Motors down 4.94%, NIO Inc. down 4.94%, and XPeng Inc. down 4.94%.

Apple shares plummeted by 7.65% due to the impact of President Donald Trump's new tariffs targeting Apple's overseas production hubs. This has made the company more vulnerable to the levies than expected. Additionally, Apple CEO Tim Cook sold over $24 million worth of Apple stock, which may have further influenced the stock's decline.

Microsoft fell by 1.91% as the company announced adjustments to its global data center projects, including delays and reductions in several countries. This move reflects a strategic review of its infrastructure plans.

NVIDIA dropped by 5.68% following the announcement of tariffs on Taiwan, where its chips are manufactured, at a rate of 32%. The overall market reaction and fears of Chinese retaliation have also contributed to the decline.

Amazon.com saw a decrease of 6.45% after the announcement of new tariffs and a significant increase in options trading volume, with Rocket call options surging over 500%.

Tesla Motors declined by 4.94% despite updates on its Optimus humanoid robot and CEO Elon Musk's denial of resignation from his government efficiency role.

Oracle shares fell by 4.09% after the company reported a second recent hack and data breach, with login data stolen. The company is working with the FBI and CrowdStrike Holdings to investigate the incident.

Nike experienced a sharp decline of 11.26% due to the imposition of hefty tariffs by President Donald Trump on Vietnam, China, and Indonesia, significantly impacting the company's supply chain and production costs.

Alibaba dropped by 3.01% amid market downturns and adjustments in its cloud services. The company also conducted a large-scale stock buyback, repurchasing 51 million ordinary shares.

Best Buy fell by 13.20% after Citigroup downgraded the stock from Buy to Neutral and cut the price target from $93.00 to $70.00 per share.

Goldman Sachs declined by 6.54% following JP Morgan's decision to cut the price target from $625.00 to $614.00 per share while maintaining an overweight rating.

Wells Fargo saw a decrease of 6.97% as JP Morgan cut the price target from $82.00 to $73.50 per share, maintaining a neutral rating.