Stock Market Update
07-Apr-25 11:40 ET
Stocks continue to ebb and flow in response to news
Dow -920.22
at 37394.64,
Nasdaq -97.56
at 15490.23,
S&P -251.13
at 4822.95
[BRIEFING.COM] The market turned sharply lower in recent trading. Market breadth reflects increased selling under the index surface. Declining issues lead advancing issues by a better than 8-to-1 margin at the NYSE and by a 4-to-1 margin at the Nasdaq.
Equities have ebbed and flowed as headlines roll in and the latest downturn coincided with President Trump saying "if China does not withdraw its 34% increase above their already long term trading abuses by tomorrow, April 8th, 2025, the United States will impose additional tariffs on China of 50%, effective April 9th."
Treasuries didn't react as strongly. The 10-yr yield sits at 4.12% and the 2-yr yield is at 3.72%.
