Extreme volatility in the market leads to largest intraday swing in Dow's history

From Nasdaq: 2025-04-07 16:26:00

The Dow had its largest intraday swing ever, dropping over 1,700 points before rebounding 2,595 points. The S&P 500 and Nasdaq also fell, the former briefly entering bear market territory. The Cboe Volatility Index (VIX) topped 60 for the first time since August amid recession and trade war fears.

BlackRock CEO Larry Fink warns of a slowing U.S. economy with potential tariff impacts. Apple stock sees a “death cross” pattern after a 15.9% drop. SPX may have further downside. Starbucks stock downgraded, while a retail stock is upgraded due to favorable tariff positioning.

Oil prices fell due to OPEC+ output hike, tariffs, and China’s retaliatory duties. WTI crude settled at $61.23 per barrel. Gold prices also dropped as investors favored the dollar over gold amidst recession fears, with June gold settling near $3,015.80 an ounce.



Read more at Nasdaq: Extreme Volatility Pressures Dow in Historic Session