From Yahoo Finance: 2025-04-23 09:43:00

Heightened stock market volatility amid tariff headlines sparks discussions on fully pricing in a US recession. Deutsche Bank data suggests markets have more room to incorporate recession fears. S&P 500 down 13.9% from peak, but historical recession declines far more severe.

Deutsche Bank strategist Henry Allen notes modest declines in oil prices post-“Liberation Day” tariff announcements. Brent crude oil down 10%, but recession patterns typically see larger drops. Investors not anticipating major global growth slowdown yet. Confounding variables at play in oil market.

S&P 500, Nasdaq, and Dow Jones down in April, with Apple and Nvidia losing market value. Earnings warnings pile up from companies like Tesla and United Airlines. Market leaders face challenges amid ongoing economic uncertainty.

Gold prices hit record high as investors seek safe havens, US dollar at three-year low. 10-year yield remains above 4% after steady rise. Market conditions continue to reflect uncertainty and volatility.

Read more: Has the stock market fully priced in a recession?