Major US indices have recovered most of their losses.

The S&P index is down 6.8 points or -0.11% at 5657
The Dow industrial average is down -14 points or -0.03%.
The NASDAQ index is trading up 16.7 points or 0.09%.

At session lows the:

Dow industrial average traded as low as -519.46 points.
S&P index traded as low as -59.79 points
NASDAQ index traded as low as -216.82 points

A good point made on CNBC by Josh Brown was that with the April 2 Liberation Day well-known, what negative surprises could there be?

Pres. Trump’s comment that a lot of companies have been talking to him about exemptions suggests there is some wiggle room. Within his staff, Elon Musk of Tesla would likely be one of those who might get special treatment. They have a big presence in China. Shares of Tesla are up $9.40 or 3.97% $245.65. It’s 100-hour moving averages at $247.71 and moving lower. Get above that moving average would be a bullish technical development. The last time the price traded above the 100 hour moving average was back on January 31 when the price was at $409.

Shares of Tesla are down close to 50%