From Nasdaq: 2025-04-11 19:19:00

The stock market saw a strong close on Friday, with the S&P 500, Dow Jones, and Nasdaq all posting gains. Positive news on Fed support and better-than-expected Q1 earnings from US banks boosted investor confidence. Concerns about rising inflation and trade war tensions with China, however, weighed on sentiment.

US consumer sentiment dropped to a 2-3/4 year low in April, with inflation expectations soaring. Chip manufacturers faced pressure as China’s tariff policy loomed. The March US PPI eased, but Fed comments raised concerns about inflation. The ongoing trade war between the US and China remains a major market driver.

President Trump’s tariff policies continue to impact global markets, with fears of economic slowdown and corporate earnings being a key concern. The markets are pricing in a 25% chance of a rate cut after the May FOMC meeting. Earnings season kicked off with banks reporting Q1 results, with expectations for moderate growth in corporate profits.

Gold prices hit an all-time high, while the dollar fell to a 3-year low. European bond yields were mixed, and UK manufacturing production exceeded expectations. US stock movers included tech giants like Apple and Nvidia, while gold mining stocks surged. Cryptocurrency-exposed stocks also saw gains, while trucking stocks suffered amid trade war fears.

Key companies like JPMorgan Chase and Fastenal reported solid Q1 results, boosting their stock prices. Upgrades from Goldman Sachs lifted Huntington Ingalls Industries and L3Harris Technologies. Cinemark Holdings and Wells Fargo saw mixed reactions to their earnings reports. The market remains focused on trade tensions, inflation, and corporate performance.



Read more at Nasdaq: Stocks Recover on a Report the Fed Is Ready to Stabilize Markets