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Daily Market Commentary

April 2025

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April 2025

April 28, 2025

Wall Street traders bracing for a deluge of corporate earnings and key economic data sent stocks higher on Monday as they waited for more insights on President Donald Trump’s trade war. A fifth straight advance in the S&P 500 is the longest since November.

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April 25, 2025

A solid week on Wall Street is ending on a quieter note, with stocks churning as investors digested the gains of the past few sessions amid conflicting signals on whether the US-China trade spat is de-escalating.

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April 24, 2025

US stock futures fluctuated after back-to-back gains on Wall Street as investors scaled back their expectations of quick progress in the US-China trade dispute. 

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April 23, 2025

Wall Street traders are going all-in on risky bets that Donald Trump is dialing down his combative agenda after the White House struck a softer tone on trade and Federal Reserve independence, sending stocks and bonds rallying.

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April 22, 2025

An anxious calm was restored on Wall Street following Monday’s jarring losses, with stocks, bonds, and the dollar steadying even as haven-seeking traders sent gold to a record high amid concern over White House hostility toward Jerome Powell.

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April 21, 2025

US stocks, longer-dated Treasuries, and the dollar fell as traders reacted to President Donald Trump's threats to remove Federal Reserve Chairman Jerome Powell.

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April 18, 2024

The S&P 500 Index has settled into an uneasy calm after a period of high volatility, but there is a sense of foreboding on Wall Street that the calm won't last.

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April 17, 2025

US Treasuries fell, snapping three days of gains, as traders pared bets on Federal Reserve interest-rate cuts after Chair Jerome Powell reiterated his commitment to keeping inflation in check.

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April 16, 2025

The WTO cut its forecast for this year, saying trade would decline by 0.2% in 2025, almost three percentage points lower than it would have been without the US-led trade war. 

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April 15, 2025

Stocks edged up as solid results from big banks offset news pointing to an escalation of the trade war between the world’s two largest economies. 

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April 14, 2025

Wall Street traders trying to look past all the back-and-forth around tariffs drove stocks higher as President Donald Trump’s temporary pause on electronics spurred a rally in the world’s largest tech companies. Treasuries rebounded after a selloff that cast doubt on their status as the ultimate haven. The dollar halted a four-day slide.

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April 11, 2025

Treasuries hold gains across a flatter curve, with long-end yields down about 3bp near session lows. S&P 500 futures recoup about 0.7% of Thursday’s nearly 3.5% cash-market slump as quarterly earnings season begins with results from several big banks.

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April 10, 2025

Risk appetites vanished on Wall Street after the biggest burst of buying in years, with stocks falling even after subdued inflation data extended a bounce in Treasuries. The S&P 500 retraced about a quarter of Wednesday’s surge as investors braced for a potentially protracted period of global trade hostility.

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April 9, 2025

The exodus from longer-dated US Treasuries sent yields surging, fueling the biggest selloff since 2020 in what’s supposed to be the world’s safest assets. The yield on 30-year Treasuries soared 15 basis points to over 4.9% early in the US trading day.

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April 8, 2025

Stocks climbed after a selloff that chopped trillions of dollars from equity values after Treasury Secretary Scott Bessent said there’s the potential for advantageous trade deals with major US trading partners.

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April 7, 2025

A stock selling stampede abated as traders boosted expectations for Federal Reserve rate cuts amid economic fears just days ahead of President Donald Trump’s deadline for reciprocal tariffs to take effect.

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April 4, 2025

Stocks tumbled around the world, bonds surged and oil hit a four-year low, with China stepping up its the fight against President Donald Trump’s trade war to intensify concerns about the economy despite signs of a solid jobs market.

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April 3, 2025

Bond traders have lifted bets on interest-rate cuts from the Federal Reserve amid concern that Donald Trump’s trade war will backfire on the US economy, sending the yield on benchmark Treasuries toward the closely-watched 4% level.

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April 2, 2025

US Treasuries added to their recent rally-sending the five-year note’s yield to the lowest level since October-as global trade tensions rose ahead of President Donald Trump’s tariff announcement. 

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April 1, 2025

Treasury yields fell as markets worried about the potential hit to economic growth from President Donald Trump’s next round of tariffs Benchmark 10-year yields were down about 4 basis points to roughly 4.17% on Tuesday, and touched the lowest level since March 11 after a Washington Post report that White House aides have drafted a proposal to impose tariffs of around 20% on at least most US imports.

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