Stock market today: Dow, S&P 500, Nasdaq whipsaw as bond yields surge, China-US trade war in focus

Key Points

  • US stocks experienced volatility as consumer sentiment dropped, Treasury yields rose, and investors reacted to new tariffs in the US-China trade war.
  • The S&P 500, Nasdaq, and Dow Jones all saw gains despite initial fluctuations.
  • China escalated tariffs on US goods to 125%, responding to President Trump's reciprocal tariffs.
  • Consumer sentiment hit its lowest level since 2022, with inflation expectations at their highest since 1981.
  • Major Wall Street banks reported earnings, with JPMorgan CEO Jamie Dimon warning of "extreme turbulence" in the US economy.

Summary

US stocks experienced a tumultuous week, with the S&P 500, Nasdaq, and Dow Jones all showing gains despite initial volatility. The market was influenced by a drop in consumer sentiment, rising Treasury yields, and the ongoing US-China trade war. China escalated its tariffs on US goods to 125% in response to President Trump's reciprocal tariffs, adding to the economic uncertainty. Consumer sentiment reached its lowest level since 2022, with inflation expectations soaring to their highest since 1981. Amidst this backdrop, major Wall Street banks like JPMorgan, Wells Fargo, and BlackRock reported their first-quarter earnings. JPMorgan CEO Jamie Dimon highlighted the "extreme turbulence" in the US economy, reflecting the broader concerns about the impact of tariffs on economic growth and inflation. Despite the market's ups and downs, the major indexes were poised for their best week in months, largely driven by a mid-week surge.

yahoo
April 11, 2025
Stocks
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