The benchmark stock index has fallen 14% from its record high in February, despite a brief rebound last week, with ongoing high volatility since the tariff news broke.

Economists now estimate a 45% chance of a recession within the next year, a sharp increase from 25% just a month ago, raising concerns among investors.

United Airlines has issued a dual revenue forecast, signaling potential significant losses if a recession occurs, which investors view as a critical risk assessment.

Projections for S&P 500 profit growth have been revised down from an estimated 14% to 9.2% for 2025, suggesting a possible contraction in earnings due to the impact of tariffs.

Investor focus is also on the Federal Reserve, especially following Trump's calls for urgent rate cuts and Powell's cautious approach regarding rate changes based on upcoming economic data.

The Cboe Volatility Index spiked to around 60 following the tariff announcement but has since decreased to about 30, indicating persistent market anxiety despite some stabilization.

Major companies such as Tesla and Alphabet are facing increased scrutiny from investors eager to understand how tariffs are affecting their financial outlooks.

Tesla is scheduled to report earnings on April 22, with particular interest in CEO Elon Musk's relationship with Trump and its implications for the company's future.

A significant week for U.S. earnings is underway as the market reacts to President Donald Trump's recent tariff announcement, which has introduced volatility and uncertainty in global trade.

All major tech stocks in the Magnificent Seven group have experienced significant declines in 2025, with Alphabet down 20% and Tesla down 40%, reflecting broader market trends.

Boeing's performance is under scrutiny after reports that China has halted deliveries of its jets, while other major companies like IBM, Merck, Intel, and Procter & Gamble are preparing to release earnings soon.

Alphabet is also closely monitored for updates on advertising spending and AI investments amid ongoing legal challenges regarding its dominance in online advertising.