Stocks rise on hopes of trade deal boosting major stock indexes

From Nasdaq: 2025-04-08 13:31:00

Stock indexes are on the rise, with the S&P 500 up +2.79%, Dow Jones up +2.69%, and Nasdaq 100 up +3.29%. Hope of a tariff deal with Japan sparked optimism. President Trump’s comments on South Korea trade also boosted markets. Concerns remain over EU and China tariffs. Chicago Fed President warned of inflation risks from tariffs.

President Trump’s new tariffs on nearly all countries have impacted global markets. China retaliated with a 34% tariff on US goods. Trump’s threat of additional tariffs on China led to fears of a trade war and recession. Trade policies and retaliation are key concerns. Q1 earnings season expectations have been lowered.

Overseas markets, like Euro Stoxx 50 and Shanghai Composite, are up. US 10-year T-notes are lower as equity markets recover. European bond yields are higher. Expectations of ECB rate cut are at 90%. US stock movers include tech giants like Nvidia and Tesla, health insurance stocks like Humana, and chip makers like ARM Holdings and AMD.

Eli Lilly & Co and Teradata Corp are up after upgrades. Range Resources and Walgreens Boots Alliance also saw gains. RPM International reported lower net sales. PDD Holdings and Alcoa saw declines. Earnings reports for the day include companies like Aehr Test Systems and WD-40 Co. Market outlook remains uncertain with trade tensions persisting.



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