Daily Market News

Tariffs, Tweets & Tumult: What Really Happened in the Market This Week

This past week was a tough one for investors. Stocks dropped sharply after China announced 34% tariffs on all U.S. goods starting April 10. In response to U.S. trade actions, China also added American companies to its “unreliable entities list” and began an antitrust investigation into DuPont, which saw its stock fall over 11%.

The stock market took a hit today after President Trump announced a wave of new tariffs on major U.S. trading partners. Investors are worried that these tariffs could slow down the economy and even push the U.S. toward a recession.

The financial markets had another wild week, driven by inflation data, trade tensions, and major moves in tech and auto industries.

The stock market had a rough day, with major indexes taking a hit. The S&P 500 dropped nearly 3%, putting it close to a "correction" (a decline of 10% or more from a recent high). The tech-focused Nasdaq plunged over 4%, officially confirming a correction. It was the worst day for the Nasdaq since 2022, with tech megacaps losing close to $1 trillion in market capitalization.

The stock market had its worst week in a year, but there was a silver lining—stocks bounced back on Friday. Still, concerns over tariffs and economic uncertainty are keeping investors on edge.

This week showed how quickly market sentiment can shift. Despite hitting record highs, U.S. stocks had one of their worst weeks this year. The Nasdaq saw steady selling, gold hit a new high before pulling back. 

It was a rough end of week for the stock market, with all major indexes seeing big losses. The Dow dropped 764 points, marking its worst day of 2025, while the S&P 500 and Nasdaq also saw steep declines. Investors seem to be reacting to growing concerns about inflation, especially after new data showed the economy might be slowing down.

The stock market declined due to renewed geopolitical concerns, reversing several days of gains and ending the week slightly down. Despite ongoing updates on corporate earnings, economic indicators, and global developments, neither buyers nor sellers are driving a clear trend in equities or cryptocurrencies. Investors are waiting for a major catalyst to determine the market’s next move.President Donald Trump is set to announce new reciprocal tariffs next week. Unlike flat-rate tariffs, these are designed to match the tariffs that other nations impose on U.S. imports. Adopting a tit-for-tat approach, Trump stated, “I think that’s the only way to do it. They charge us. We charge them.”

The Federal Reserve (Fed), which is the central bank of the United States, decided to keep interest rates the same at 4.25%-4.50% on Wednesday. This means borrowing costs for things like mortgages, credit cards, and business loans won’t change for now. It’s the first time the Fed has paused after cutting rates three times since September 2024.

On Monday, Nvidia’s stock price fell sharply, dropping 17% in a single day. This caused the company’s market value to shrink by nearly $600 billion, marking the biggest one-day loss for any U.S. company in history.

Market Recap: Bulls Take Charge Again