From Nasdaq: 2025-04-11 11:55:00

Stock indexes are slightly down today, with mixed performance across major indices. Bank stocks saw early gains on better-than-expected Q1 earnings, while chip manufacturers faced weakness due to tariff concerns. US tariffs escalating with China, leading to market uncertainty. Dollar hits 3-year low, gold prices soar to all-time high.

US Mar PPI final demand eased to +2.7% y/y, Mar PPI ex-food and energy eased to +3.3% y/y. Fed less likely to lower rates due to inflationary impact of tariffs. China retaliates with higher tariffs on US goods. Dollar weakens amid trade tensions. US consumer sentiment expected to fall. Q1 earnings season begins with lower growth expectations.

Overseas stock markets mixed. US 10-year T-notes down, yield up. European bond yields mixed. UK manufacturing production beats expectations. ECB expected to cut rates. US stock movers: tech stocks up, chip makers down. Gold stocks climb. JPMorgan Chase, Fastenal report strong earnings. Wells Fargo, BNY Mellon down. Casey’s, L3Harris up.

Cinemark, Stellantis down. Booz Allen Hamilton downgraded. Earnings reports from Bank of New York Mellon, Blackrock, Fastenal, JPMorgan Chase, Morgan Stanley, Wells Fargo. Market uncertainty persists amid trade tensions and earnings season. Tariff impact on economy and company profits remain key concerns.



Read more at Nasdaq: Stocks Wobble After Wild Week of Tariff Swings