#macro march 2025
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Macro March: Calliope and Roxy
#cherubs#calliope#roxy lalonde#homestuck#homestuck fanart#homestuck art#alpha kids#macro march#macro march 2025
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last minute macro march art OOP-
"you shouldn't be here, the climate is far too cold for someone of your size"
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Who would win in Marco march?
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December 2009 PDX Portland Oregon U.S.A.
■Calendar of 2025 March
© KOJI ARAKI Art Works
Daily life and every small thing is the gate to the universe :)
#■Calendar of 2025 March#2025 March#Calendar#March#2009#December#December 2009#PDX#Portland#Oregon#cherry blossoms#neighborhood#roadside tree#tree#photographers on tumblr#b&w photography#black and white photography#monochrome photograph#original photography#photography#koji araki art works#PENTAX K10#smc PENTAX-F MACRO 50mm F2.8#MACRO#PENTAX
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Ground magpies



mmm freshwater is so fresh
#id in alt text#bird#birds#magpie#dove#corvidae#columbidae#wild bird#nature#wildlife#birdwatching#photographers on tumblr#my photography#original photographers#art#birds on tumblr#lensblr#photography#bird photography#wildlife photography#macro photography#nature photography#march 12 13 2025#birb#birblr#noai#no to generative ai
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今日の多肉事 My succulents
2025/03/20
センペルビウム・クリスティーナ
1月末に買った多肉植物。1ヶ月以上水切りしていたが、前の日曜にたっぷり水(カルキ抜きしたぬるま湯)を与えたら、寝ていた葉っぱが起き上がった。センペルビウムは外で冬越しができるほど寒さに強いらしいが、外には置く場所がないので(あるにはあるが猫に悪戯される)窓辺で育てている。

エケベリア・小雪
初エケベリア。エケベリアは先入観で避けていたのだが、ハオルチアと似たテイストのこれを初めて買ってみた。なかなか可愛くて草。黄色い光は、エケベリアは光が好きという情報を得て、中心部に当たるよう、ピンポイントで超小型の植物育成ライトを上からぶら下げているからである。中���に当てるとで中からムクムクと湧き上がってくる新しい葉っぱが密になるんだとか。花芽が噴き上がってきたが、ハオルチアとは違う伸ばし方だったので最初それが花芽とは気が付かなかった。どこまで背が高くなるのかはまだ不明。

センペルビウム・チェリーフロスト
これは買ったものではなく、プレゼントでもらったもの。ぼくの好みなんかわかるわけないはずなのに、1番気になって��たものが送られてきた。葉っぱのそこかしこに付いている茶色い粒は土。枯れたような色で土の中に埋まっていたものが、水を与えたらこのようにぷっくり膨らんで立ってきて、姿が全然違ってびっくり。土塊をブロワーで吹き飛ばせばいいのか、もう少し暖かくなったらいっそのことぬるま湯で洗っちゃえばいいのか、要らんことをせずに放置すればいいのか、先生がいないので悩みどころ。

ハオルチア・緑寿
手持ちのハオルチアたちとはまた違ったテイスト。むくむくしていて可愛い。写真は根元から顔を出した子株。親は花芽を吹いている。茶色い低床はベラボン。

コチドレン・折鶴
コチドレンは一回失敗していたので再チャレンジ。前回はベランダで育てて枯らしてしまった。今回は窓辺でハオルチアと並べている。写真は吹き出てきた花芽。新しい葉っぱも展開してきて、順調に育っている模様。
#Pentad KP#FA macro 100mm F2.8#succulent#多肉植物#ハオルチア#エケベリア#コチドレン#センペルビウム#diary#photo diary#Home Garden#2025#March
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What to expect from the stock market this week

Last week, the review of the macro market indicators saw heading into the March options expiration and FOMC meeting, equity markets showed possible exhaustion in the pullbacks of the past 4 weeks. Elsewhere looked for Gold ($GLD) to continue its bull run higher while Crude Oil ($USO) consolidated at the bottom of a broad range. The US Dollar Index ($DXY) continued to pullback in the consolidation zone while US Treasuries ($TLT) consolidated in their downtrend. The Shanghai Composite ($ASHR) looked to continue in consolidation in the uptrend while Emerging Markets ($EEM) chopped sideways in consolidation.
The Volatility Index ($VXX) looked to remain elevated but moving lower making the path easier for equity markets to the upside. Their charts had experienced some damage on the longer timeframe but remained long term bullish. On the shorter timeframe both the $QQQ and $SPY had found support at key levels that could lead to a reversal. Caution was to wait for proof before acting. The $IWM was broken on the shorter timeframe and at risk on in the longer timeframe.
The week played out with Gold continuing to new highs before profiting taking to end the week while Crude Oil continued to hold at the bottom of the consolidation range. The US Dollar found support and consolidated while Treasuries moved higher in consolidation. The Shanghai Composite built a narrow flag in consolidation while Emerging Markets continued to chop.
Volatility ticked down but stalled when it broke 20. This allowed equities to start the week moving higher but news and the FOMC meeting stalled that quickly. This resulted in the SPY, the QQQ and the IWM holding just off the bottom from Friday last week. What does this mean for the coming week? Let’s look at some charts.
The SPY came into the week bouncing off the 61.8% retracement of the leg higher since August 2023 and reclaiming the 161.8% extension of the retracement of the 2022 drop. It moved up slightly Monday but failed to put any daylight between price and the 161.8% level for the rest of the week. It finished the week still below the 20 and 200 day SMA’s. It has a RSI stalling short of the midline on the bounce with the MACD about to cross up and negative.
The weekly chart shows a second narrow body week holding just under the 50 week SMA. The RSI has gone level at the bottom of the bullish zone with the MACD dropping but positive. There is resistance above at 565.50 and 569 then 571 and 574.50 before 581 and 585. Support lower is at 556.50 and 549.50 then 545.75 and 542.50 before 540 and 537. Pullback in Uptrend.
With the March FOMC meeting and options expiration in the books, equity markets shifted to stability after 3 weeks of downward price action. Elsewhere look for Gold to continue its ascent into space while Crude Oil consolidates at the bottom of a broad range. The US Dollar Index looks to have found support in its drift lower while US Treasuries look weaker in their consolidation. The Shanghai Composite looks to digest the recent move higher while Emerging Markets consolidate in a narrow range.
The Volatility Index looks to remain slightly elevated, putting some pressure on equity markets. Their charts remain at risk of more downside, especially on the longer timeframe. On the shorter timeframe both the QQQ and SPY may be stabilizing as they hold the bounce this week. The IWM is a bit weaker. Use this information as you prepare for the coming week and trad’em well.
Join the Premium Users and you can view the Full Version with 20 detailed charts and analysis: Macro Week in Review/Preview March 21, 2025
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Anakin Rarepairs Week 2025 - Prompts
Hello everyone! Here are the prompts for Anakin Rarepairs Week 2025. As you've probably noticed, things have been done differently this year. There are two prompts a day, an SFW one and an NSFW one, plus four omegaverse prompts that you can choose to use any day. As usual, you can pick, choose, combine prompts however you want!
Day 1: Naboo / Breath Play
Day 2: Single-Dad AU / Exhibitionism
Day 3: Amnesia / Sex-Worker Anakin
Day 4: Marriage Hunt / M-preg
Day5: Meet Cute / Daddy/Mommy Kink
Day 6: Micro/Macro / Fuck or Die
Day 7: Victorian Era AU / Council Room Sex
Omegaverse specific prompts:
Presentation
Scent-matching
Mating
Alpha/Omega dystopia
The event will be held from Monday, March 24th to Sunday, March 30th. As always, there will be a two weeks grace period for late works, after which the masterpost will be compiled and the AO3 collection will be closed. You can either @ this blog, or tag your work #anakinrarepairweek2k25.
You can find the AO3 collection here and the rules here.
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Macrocest: Larger Multifandom Shipcest Works and Events
Our common hashtags for easy navigation:
Macrocest Bingo | Cestember | Macrocest Work | Other Cest Prompts | Other Cest Events
Links:
Macrocest on AO3, Tumblr, Bluesky, and Dreamwidth. Microcest on AO3, Tumblr, BlueSky, and Dreamwidth. Want more shipcest? Check out Other Cest Events and @shipcestroleplay
Current Events:
Springcest // AO3 Collection Springcest Fest is a shipcest bingo event with a special challenge: to include all 3 squares in your bingo in one work. This event will run from April 20th to June 20th.
Macrocest // AO3 Collection Has your micro gotten a little…macro? Well have no fear! We made a separate collection for your longer fics based on the @microcest prompts!!
Oops Not Incest // Info Post | AO3 Collection Accidentally respond to one of Microcest or Macrocest's prompts without including any incest? That's alright! We have a collection just for these very works.
Past Events:
Macrocest Bingo // Info Post | AO3 Macrocest Bingo Winter 2024 Edition is an incest-themed bingo event that will run from December 2024 to March 2025.
Cestember // Cestember Hashtag | September 2024 prompts | Cestember Works | AO3 Collection Cestember is a month long multifandom shipcest event with daily prompts and weekly suggested pairings hosted by Macrocest.
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Face Macro Photography/Things March 25, 2025
#photography#photographers#digital photography#digital photographers#original photography#original photographers#photographers of tumblr#photographers on tumblr#photographers of the milkyway#portland photographers#oregon photographers#fine art#fine art photography#color photography#Macro#macro photography#things#serenity#despair#goth
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'Take a Breath' and 'Twirl'


An Iris and Tulip from my garden, March 2025 💚🌷
(Hey to any other macro photographers, I'm struggling a bit with my pictures coming out a bit blurry even though I manual focus with my phone camera. I'm wondering if this is the limit for my camera, or if I could adjust settings better? I'm using a Galaxy A15. Am open to getting an ACTUAL camera too. Any advice is appreciated! 🥰)
#Iris#Tulip#my photography#my photos#macro photography#flower photography#spring#spring flowers#flowers#May's Macros
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A Jade Harley for Macro March
#Macro March#Macro March 2025#jade harley#homestuck#beta kids#homestuck fanart#macro micro#giant tiny
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This Week in Rust 595
Hello and welcome to another issue of This Week in Rust! Rust is a programming language empowering everyone to build reliable and efficient software. This is a weekly summary of its progress and community. Want something mentioned? Tag us at @thisweekinrust.bsky.social on Bluesky or @ThisWeekinRust on mastodon.social, or send us a pull request. Want to get involved? We love contributions.
This Week in Rust is openly developed on GitHub and archives can be viewed at this-week-in-rust.org. If you find any errors in this week's issue, please submit a PR.
Want TWIR in your inbox? Subscribe here.
Updates from Rust Community
Official
March Project Goals Update
Newsletters
The Embedded Rustacean Issue #43
Project/Tooling Updates
Shadertoys ported to Rust GPU
Meilisearch 1.14 - composite embedders, embedding cache, granular filterable attributes, and batch document retrieval by ID
rust-query 0.4: structural types and other new features
Observations/Thoughts
Rebuilding Prime Video UI with Rust and WebAssembly
ALP Rust is faster than C++
what if the poison were rust?
A surprising enum size optimization in the Rust compiler
Two Years of Rust
An ECS lite architecture
A 2025 Survey of Rust GUI Libraries
BTrees, Inverted Indices, and a Model for Full Text Search
Cutting Down Rust Compile Times From 30 to 2 Minutes With One Thousand Crates
SIMD in zlib-rs (part 1): Autovectorization and target features
Avoiding memory fragmentation in Rust with jemalloc
[video] Bevy Basics: Who Observes the Observer
Rust Walkthroughs
Rust Type System Deep Dive From GATs to Type Erasure
Async from scratch 1: What's in a Future, anyway? | natkr's ramblings
Async from scratch 2: Wake me maybe | natkr's ramblings
Building a search engine from scratch, in Rust: part 4
Pretty State Machine Patterns in Rust
[video] Build with Naz : Declarative macros in Rust
Miscellaneous
March 2025 Jobs Report
Rust resources
Crate of the Week
This week's crate is wgpu, a cross-platform graphics and compute library based on WebGPU.
Despite a lack of suggestions, llogiq is pleased with his choice.
Please submit your suggestions and votes for next week!
Calls for Testing
An important step for RFC implementation is for people to experiment with the implementation and give feedback, especially before stabilization.
If you are a feature implementer and would like your RFC to appear in this list, add a call-for-testing label to your RFC along with a comment providing testing instructions and/or guidance on which aspect(s) of the feature need testing.
No calls for testing were issued this week by Rust, Rust language RFCs or Rustup.*
Let us know if you would like your feature to be tracked as a part of this list.
RFCs
Rust
Rustup
If you are a feature implementer and would like your RFC to appear on the above list, add the new call-for-testing label to your RFC along with a comment providing testing instructions and/or guidance on which aspect(s) of the feature need testing.
Call for Participation; projects and speakers
CFP - Projects
Always wanted to contribute to open-source projects but did not know where to start? Every week we highlight some tasks from the Rust community for you to pick and get started!
Some of these tasks may also have mentors available, visit the task page for more information.
rama - add serve command to rama-cli
rama - add support for include_dir for to ServeDir and related
rama - add curl module to rama-http-types
If you are a Rust project owner and are looking for contributors, please submit tasks here or through a PR to TWiR or by reaching out on X (formerly Twitter) or Mastodon!
CFP - Events
Are you a new or experienced speaker looking for a place to share something cool? This section highlights events that are being planned and are accepting submissions to join their event as a speaker.
If you are an event organizer hoping to expand the reach of your event, please submit a link to the website through a PR to TWiR or by reaching out on X (formerly Twitter) or Mastodon!
Updates from the Rust Project
480 pull requests were merged in the last week
Compiler
detect and provide suggestion for &raw EXPR
don't suggest the use of impl Trait in closure parameter
make the compiler suggest actual paths instead of visible paths if the visible paths are through any doc hidden path
tell LLVM about impossible niche tags
remove Nonterminal and TokenKind::Interpolated
re-use Sized fast-path
Library
add core::intrinsics::simd::{simd_extract_dyn, simd_insert_dyn}
initial UnsafePinned implementation (Part 1: Libs)
polymorphize array::IntoIter's iterator impl
speed up String::push and String::insert
std: add Output::exit_ok
Cargo
added symlink resolution for workspace-path-hash
improved error message when build-dir template var is invalid
Rustdoc
search: add unbox flag to Result aliases
enable Markdown extensions when looking for doctests
Clippy
arbitrary_source_item_ordering should ignore test modules
implicit_return: better handling of asynchronous code
accept self.cmp(other).into() as canonical PartialOrd impl
add manual_abs_diff lint
consecutive returns dont decrease cognitive Complexity level anymore
consider nested lifetimes in mut_from_ref
correctly handle bracketed type in default_constructed_unit_struct
deprecate match_on_vec_items lint
do not propose to auto-derive Clone in presence of unsafe fields
fix: iter_cloned_collect false positive with custom From/IntoIterator impl
fix: map_entry: don't emit lint before checks have been performed
fix: redundant_clone false positive in overlapping lifetime
various fixes for manual_is_power_of_two
Rust-Analyzer
ast: return correct types for make::expr_* methods
add children modules feature
add normalizeDriveLetter
distribute x64 and aarch64 Linux builds with PGO optimizations
fix dyn compatibility code bypassing callable_item_signature query
fix a small bug with catastrophic effects
fix an incorrect ExpressionStore that was passed
prevent panics when there is a cyclic dependency between closures
shadow type by module
ignore errors from rustfmt which may trigger error notification
port closure inference from rustc
Rust Compiler Performance Triage
Relatively small changes this week, nothing terribly impactful (positive or negative).
Triage done by @simulacrum. Revision range: e643f59f..15f58c46
1 Regressions, 3 Improvements, 3 Mixed; 2 of them in rollups 35 artifact comparisons made in total
Full report here
Approved RFCs
Changes to Rust follow the Rust RFC (request for comments) process. These are the RFCs that were approved for implementation this week:
No RFCs were approved this week.
Final Comment Period
Every week, the team announces the 'final comment period' for RFCs and key PRs which are reaching a decision. Express your opinions now.
Tracking Issues & PRs
Rust
Split elided_lifetime_in_paths into tied and untied
check types of const param defaults
Stabilize flags for doctest cross compilation
Do not remove trivial SwitchInt in analysis MIR
Implement a lint for implicit autoref of raw pointer dereference - take 2
Implement Default for raw pointers
make abi_unsupported_vector_types a hard error
Stabilize let chains in the 2024 edition
Make closure capturing have consistent and correct behaviour around patterns
Stabilize the cell_update feature
Other Areas
*No Items entered Final Comment Period this week for Rust RFCs, Cargo, Language Team, Language Reference or Unsafe Code Guidelines.
Let us know if you would like your PRs, Tracking Issues or RFCs to be tracked as a part of this list.
New and Updated RFCs
No New or Updated RFCs were created this week.
Upcoming Events
Rusty Events between 2025-04-16 - 2025-05-14 🦀
Virtual
2025-04-16 | Virtual (Vancouver, BC, CA) | Vancouver Rust
Rust Study/Hack/Hang-out
2025-04-17 | Virtual and In-Person (Redmond, WA, US) | Seattle Rust User Group
April, 2025 SRUG (Seattle Rust User Group) Meetup
2025-04-22 | Virtual (Dallas, TX, US) | Dallas Rust User Meetup
Fourth Tuesday
2025-04-23 | Virtual (Cardiff, UK) | Rust and C++ Cardiff
Beyond embedded - OS development in Rust
2025-04-24 | Virtual (Berlin, DE) | Rust Berlin
Rust Hack and Learn
2025-04-24 | Virtual (Charlottesville, VA, US) | Charlottesville Rust Meetup
Part 2: Quantum Computers Can’t Rust-Proof This!"
2025-05-03 | Virtual (Kampala, UG) | Rust Circle Meetup
Rust Circle Meetup
2025-05-05 | Virtual (Tel Aviv-Yafo, IL) | Rust 🦀 TLV
Tauri: Cross-Platform desktop applications with Rust and web technologies
2025-05-07 | Virtual (Indianapolis, IN, US) | Indy Rust
Indy.rs - with Social Distancing
2025-05-08 | Virtual (Berlin, DE) | Rust Berlin
Rust Hack and Learn
2025-05-13 | Virtual (Dallas, TX, US) | Dallas Rust User Meetup
Second Tuesday
Asia
2025-04-22 | Tel Aviv-Yafo, IL | Rust 🦀 TLV
In person Rust April 2025 at Braavos in Tel Aviv in collaboration with StarkWare
Europe
2025-04-19 | Istanbul, TR | Türkiye Rust Community
Rust Konf Türkiye
2025-04-23 | London, UK | London Rust Project Group
Fusing Python with Rust using raw C bindings
2025-04-24 | Aarhus, DK | Rust Aarhus
Talk Night at MFT Energy
2025-04-24 | Edinburgh, UK | Rust and Friends
Rust and Friends (evening pub)
2025-04-24 | Manchester, UK | Rust Manchester
Rust Manchester April Code Night
2025-04-25 | Edinburgh, UK | Rust and Friends
Rust and Friends (daytime coffee)
2025-04-26 | Stockholm, SE | Stockholm Rust
Ferris' Fika Forum #11
2025-04-29 | London, UK | Rust London User Group
LDN Talks April 2025 Community Showcase
2025-04-29 | Paris, FR | Rust Paris
Rust meetup #76
2025-04-30 | Frankfurt, DE | Rust Rhein-Main
Kubernetes Operator in Rust
2025-05-01 | Nürnberg, DE | Rust Nuremberg
Hackers Hike 0x0
2025-05-06 - 2025-05-07 | Paris, FR | WebAssembly and Rust Meetup
GOSIM AI Paris 2025
2025-05-06 | Paris, FR | WebAssembly and Rust Meetup (Wasm Empowering AI)
GOSIM AI Paris 2025 (Discount available)
2025-05-07 | Madrid, ES | MadRust
VII Lenguajes, VII Perspectivas, I Problema
2025-05-07 | Oxford, UK | Oxford Rust Meetup Group
Oxford Rust and C++ social
2025-05-08 | Gdansk, PL | Rust Gdansk
Rust Gdansk Meetup #8
2025-05-08 | London, UK | London Rust Project Group
Adopting Rust (Hosted by Lloyds bank)
2025-05-13 | Amsterdam, NL | RustNL
RustWeek 2025 announcement
2025-05-13 - 2025-05-17 | Utrecht, NL | Rust NL
RustWeek 2025
2025-05-14 | Reading, UK | Reading Rust Workshop
Reading Rust Meetup
North America
2025-04-17 | Mountain View, CA, US | Hacker Dojo
RUST MEETUP at HACKER DOJO
2025-04-17 | Nashville, TN, US | Music City Rust Developers
Using Rust For Web Series 1 : Why HTMX Is Bad
2025-04-17 | Redmond, WA, US | Seattle Rust User Group
April, 2025 SRUG (Seattle Rust User Group) Meetup
2025-04-22 | Detroit, MI, US | Detroit Rust
Rust Community Meet and Conference Report - Ann Arbor
2025-04-23 | Austin, TX, US | Rust ATX
Rust Lunch - Fareground
2025-04-23 | Austin, TX, US | Rust ATX
Rust Lunch - Fareground 2025-04-23 | Spokane, WA, US | Spokane Rust
Community Show & Tell at Fuel Coworking
2025-04-24 | Atlanta, GA, US | Rust Atlanta
3rd 3RD TIME OMG YES!
2025-04-25 | Boston, MA, US | Boston Rust Meetup
Ball Square Rust Lunch, Apr 25
2025-05-01 | Saint Louis, MO, US | STL Rust
SIUE Capstone Project reflections on Rust
2025-05-03 | Boston, MA, US | Boston Rust Meetup
Boston Common Rust Lunch, May 3
2025-05-08 | México City, MX | Rust MX
Calculando con el compilador: Compiler time vs Run time
2025-05-08 | Portland, OR, US | PDXRust
Apache DataFusion: A Fast, Extensible, Modular Analytic Query Engine in Rust
2025-05-11 | Boston, MA, US | Boston Rust Meetup
Porter Square Rust Lunch, May 11
Oceania
2025-04-22 | Barton, AC, AU | Canberra Rust User Group
April Meetup
If you are running a Rust event please add it to the calendar to get it mentioned here. Please remember to add a link to the event too. Email the Rust Community Team for access.
Jobs
Please see the latest Who's Hiring thread on r/rust
Quote of the Week
IEEE 754 floating point, proudly providing counterexamples since 1985!
– Johannes Dahlström on rust-internals
Thanks to Ralf Jung for the suggestion!
Please submit quotes and vote for next week!
This Week in Rust is edited by: nellshamrell, llogiq, cdmistman, ericseppanen, extrawurst, U007D, joelmarcey, mariannegoldin, bennyvasquez, bdillo
Email list hosting is sponsored by The Rust Foundation
Discuss on r/rust
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Beeg Peppino Spaghetti
Who would win in Marco march?
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CNN 3/29/2025
BusinessInvesting• 5 min read
Dow closes more than 700 points lower and the S&P 500 is on track for its worst quarter since 2022
By John Towfighi, CNN
Updated: 4:04 PM EDT, Fri March 28, 2025
Source: CNN
US stocks tumbled Friday and a broad selloff gripped Wall Street as investors digested slightly stubborn inflation data and weakening consumer sentiment while wrestling with continued tariff anxiety.
The Dow tumbled and closed lower by 716 points, or 1.7%. The broader S&P 500 fell 1.97% and the Nasdaq Composite slid 2.7%. The slide on Friday put all three major indexes in the red for this week.
The S&P 500 is down more than 5% this year. The benchmark index is on track for its first losing quarter since September 2023 and its worst quarter since September 2022.
US stocks opened the day lower and began to slide as data from the Commerce Department showed inflation in February remained slightly sticky.
The Personal Consumption Expenditures index rose 2.5% year-over-year in February, unchanged from January and matching expectations. Yet the core PCE index, which strips out volatile categories like food and energy, ticked up to 2.8% year-over-year from 2.7% in January. That hotter-than-expected rise signals that inflation, while broadly cooling, remains above the Fed’s target of 2%.
Meanwhile, consumer sentiment tanked 12% this month, according to the University of Michigan’s latest survey released Friday.
The selloff gradually turned into a rout as investors dumped stocks in industries including technology, autos and airlines. Google (GOOG) slid 4.9%, Stellantis (STLA) slid 4% and Delta Air Lines (DAL) slid 5%.
Lululemon (LULU) stock tumbled 14% on Friday after the company flagged concerns about the outlook for consumer spending on a call with investors.
“We also believe the dynamic macro environment has contributed to a more cautious consumer,” said Calvin McDonald, chief executive at Lululemon.
The selloff in major names wasn’t the only concern for investors. CoreWeave (CRWV), an AI venture backed by chip giant Nvidia (NVDA), had a disappointing debut on the Nasdaq Friday, offering a bleak outlook for both the prospects of a continued AI boom and the market for initial public offerings.
CoreWeave had listed its IPO at $40, which was below its target range of $47 to $55, according to the Wall Street Journal. However, the stock began trading on Friday at $39, below that IPO price.
The poor debut is a sign of cooling enthusiasm for AI as investors continue to debate whether the money being poured into the industry is worth it. It also offers a meager outlook for IPOs this year as markets struggle to look past headwinds from tariffs.
Tariff anxiety continues to roil markets
President Donald Trump’s tariff proposals have also clouded investor sentiment and stoked uncertainty on Wall Street.
Investors continued to grapple with Trump’s announcement on Wednesday of 25% tariffs on all cars shipped into the US, set to go into effect April 3. Trump also announced tariffs on car parts like engines and transmissions, set to take effect “no later than May 3,” according to the proclamation he signed.
Investors sold off stocks amid renewed anxiety about the impact of auto tariffs on the economy. Tariffs are a tax on imported goods, and economists expect Trump’s sweeping tariff proposals will cause an increase in consumer prices and drag on economic growth.
“It’s natural for people to expect higher prices because we haven’t seen a trade war like this since McKinley,” Art Hogan, chief market strategist at B. Riley Wealth Management, told CNN’s Matt Egan.
The yield on the 10-year Treasury note fell to 4.26% as investors snapped up government bonds, highlighting a risk-averse sentiment amid tariff uncertainty.
Wall Street’s fear gauge, the Cboe Volatility Index, or VIX, surged 16%. CNN’s Fear and Greed Index ticked into “extreme fear” territory, highlighting renewed anxiety among investors.
The tariffs on autos are an escalation in a trade war with the US’ biggest trading partners, threatening to roil global markets and disrupt a deeply intertwined supply chain across North America.
“While the economy appears solid, business executives are adopting a cautious stance on new investments, largely due to the Trump administration’s aggressive and unpredictable tariff policy,” said Matt Stephani, president of Cavanal Hill Investment Management, in an email.
Trump’s decision to announce the tariffs on autos ahead of the April 2 deadline when reciprocal tariffs are set to be revealed — a date dubbed “Liberation Day” by the Trump administration — has caused unease in markets. The early announcement highlights Trump’s commitment to tariffs, testing some investors’ initial hope that they might only be a negotiating tactic.
“We think the proposed tariffs as announced would deliver a big hit to the auto industry, stoking higher costs, higher prices and a sharp decline in US sales,” said Solita Marcelli, chief investment officer for the Americas at UBS Global Wealth Management, in a note Thursday.
“[The] question is what these very aggressive automotive tariffs signal for next week’s announcement on both reciprocal and ex-auto sector tariffs,” Marcelli added.
Wall Street’s outlook sours
Wall Street’s expectations for US stocks this year are being revised down amid continued announcements about tariffs.
Analysts at UBS on Friday trimmed their year-end target for the S&P 500 to 6,400 from 6,600.
Analysts at Barclays this week lowered their year-end target for the S&P 500 to 5,900 from 6,600. Goldman Sachs earlier this month lowered its year-end target to 6,200 from 6,500.
Ed Yardeni, president of investment advisory Yardeni Research, recently lowered his year-end target to 6,400 from 7,000.
Meanwhile, the most actively traded gold futures contract in New York on Friday surged above a record high $3,100. Gold is considered a safe haven amid economic turmoil and a hedge against potential inflation.
Goldman Sachs this week revised its year-end target for gold prices to $3,300, up from $3,100, underscoring how the yellow metal’s rise this year is expected to last amid economic and geopolitical uncertainty.
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