U.S. Stocks Rebound Amid Trade Tensions and Inflation Fears
On April 11, U.S. stock markets demonstrated strength, recovering from earlier losses.The day saw a mix of trade worries and inflation concerns. Despite these challenges, stocks climbed. Consumer confidence dipped, and Treasury yields rose. Investors also digested new tariffs in the U.S.-China trade dispute.
The S&P 500 rose by 1.81%, showing resilience. The Nasdaq Composite and Dow Jones Industrial Average also finished higher, up 2.0% and over 1.5%, respectively.Bitcoin briefly hit $84,000 but settled at $83,796.
Trade tensions remain a concern. China raised tariffs on U.S. goods to 125%, responding to the U.S.’s 145% hike. This has increased market volatility.
JPMorgan Chase’s strong earnings report, with an EPS of $5.07 on $45.31 billion in revenue, boosted investor sentiment. However,CEO Jamie Dimon warned of “considerable turbulence” due to economic uncertainties.
Gold futures hit a record above $3,200 as investors sought safety. Looking ahead, investors must balance strong corporate earnings with geopolitical tensions and inflation pressures. The market’s ability to navigate these challenges will be key in the coming weeks.
