Trade war tensions between US and China cause market volatility, Nasdaq swings

From Investing.com: 2025-04-10 00:45:00

US futures are showing mixed results, with the S&P up 0.30%, the Nasdaq up 0.8%, and the Dow up 1.3%. In Europe, markets are down, with the FTSE down 2.3% and the DAX down 2.3%. Volatility is high as Trump’s trade tariffs take effect, with China hitting back with 84% tariffs on US imports. US treasuries and the USD fall, while oil hits a new 4-year low. U.S. stocks swing as Trump’s tariffs kick in, with China and Europe retaliating. Treasury Secretary prepares to negotiate with allies. Investors sell off US assets, including bonds. Corporate news shows Apple and retailers falling, while auto makers are also down.

The Nasdaq 100 is down over 20% from recent highs, with heightened volatility. RSI is oversold, and support is seen at 17,000. FX markets see the USD falling sharply as the trade war intensifies. EUR/USD rises as a result. GBP/USD is up amid USD weakness. Oil prices hit a 4-year low of $55 per barrel due to the US-China trade war and OPEC+ ramping up production. Data shows US crude inventories fell.



Read more at Investing.com: Nasdaq Forecast: QQQ Swings as China Strikes Back